City Developments to Divest Custom Hotel Osaka Shinsaibashi for 14 Billion Yen

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Nov 25 2025

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Source: NASDAQ.COM

Sale of Bespoke Hotel: City Developments Ltd. (CDL) has agreed to sell the Bespoke Hotel Osaka Shinsaibashi for 14 billion yen (S$117 million) to Blackstone's real estate funds, with the transaction expected to complete in December 2025.
Strategic Divestment: The sale reflects CDL's strategy to capitalize on Japan's hospitality demand and is part of a broader capital recycling initiative, bringing total divestments to over S$1.8 billion this year.
Acquisition Background: CDL acquired the hotel in August 2023 for 8.5 billion yen, benefiting from Japan's reopening to international travel, which has boosted the hospitality sector.
Market Impact: Following the announcement, shares of CDL were trading at S$7.08 on the Singapore Exchange, while Blackstone's shares saw a slight decline on the New York Stock Exchange.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.