Integral Real Estate Fund I (“IREF I”), managed by Integral Real Estate Corporation(“IRE”) completed the acquisition of an office building located in Minato-ku, Tokyo.
IRE plans to convert this office building into a hotel to enhance its value. The asset boasts a prime location with convenient transportation access, being a 5-minute walk from JR Shimbashi station and a 3-minute walk from Toei Oedo Line Shiodome station. Its proximity to the Ginza area makes it a significant attraction for both domestic and international travelers.
Following the conversion, the hotel is scheduled to open in March 2026 as the inaugural location for “Stand Hotel,” the flagship brand of its operator, matsuri technologies Inc., a leader in IT-driven hotel management. Each floor will feature a single spacious guest room, complete with a dining space and kitchen, catering to the recent surge in demand from inbound tourists and ideal for large groups and long-term stays.
The asset is situated at the northern end of the “Italian Town” in the Shiodome Sio-Site 5th district and features a modern exterior, with brick-style lower floors and striking Italian red louvers on the upper floors. The guest rooms are designed with serene interiors and three-sided curtain walls, offering expansive views of the Tokyo skyline, including passing Japanese bullet trains and JR trains. The first floor will house a lounge space functioning as a cafe and check-in counter, featuring a large digital signage panel where guests can interactively gather local information to enhance their stay. Additionally, a guest-only fitness gym with treadmills and weight machines will be set up on the basement floor.
IREF I aims to unlock asset value through diverse approaches, such as value-add strategies that optimize assets based on area characteristics and current trends. We will continue to focus on discovering and creating investment opportunities across multiple asset types including residential, office, hotel, logistics, retail, and R&D assets, strategically expanding our investments in the Tokyo metropolitan area and other potential high-growth cities in Japan.
