Blackstone(US:BX) Jin Rong Jie·2025-12-22 06:21Core Viewpoint - Blackstone Group has reached an agreement with City Developments Limited (CDL) to acquire the Bespoke Hotel Osaka Shinsaibashi asset for 14 billion yen (approximately 89 million USD), expected to close in December [1] Group 1: Transaction Details - The acquisition price for the hotel asset is 14 billion yen, which is about 89 million USD [1] - The capitalization rate for this transaction is approximately 4.1% [1] - The deal is part of Blackstone's strategy to enhance its portfolio with stable cash flow assets in Japan [1] Group 2: Property Information - Bespoke Hotel Osaka Shinsaibashi is a freehold property that opened in 2019 [1] - The hotel has a total building area of approximately 5,585 square meters and features 256 guest rooms [1]