JLL and Ecclesia Asset Management advise on portfolio of 16 Kyoto hotels

April 17, 2026 – JLL (NYSE:JLL) Hotels & Hospitality Group and Ecclesia Asset Management, a Singapore-based private equity real estate firm, today announced they have jointly advised on the sale of a 16-hotel portfolio in Kyoto to an undisclosed institutional investor.

The transaction was structured as a comprehensive portfolio sale rather than a pure asset transaction. In addition to the underlying hotel assets, the sale also included its operating platform, enabling operational continuity across the entire portfolio.

The 16 hotels are strategically located across Kyoto’s key central districts, including major transport hubs and prominent tourist areas such as Kyoto Station and Karasuma. The geographically diversified portfolio provides broad exposure to the city’s lodging demand and positions it to benefit from Kyoto’s sustained domestic and inbound tourism activity.

“Kyoto continues to demonstrate strong fundamentals as a global tourism destination, supported by its depth of tourism demand,” said James Yukio Abe, Managing Director, Investment Sales Japan, JLL Hotels & Hospitality Group. “This transaction highlights continued investor interest in scaled hotel portfolios that combine high-quality locations with an established operating platform.”

“The transformation of a complex 16-hotel M&A transaction into a clear, investable proposition reflects our hospitality expertise in Japan and our deep understanding of the local market. We are pleased to have delivered this alongside JLL,” said Benjamin Cho, Principal at Ecclesia Asset Management. “We continue to be active in Japan’s real estate market, and this transaction demonstrates our continued ability to unlock value as both an investor and an adviser.”

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500^® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Contact: Andrew Peck
Phone: +65 9823 7917
Email: andrew.peck@jll.com

Ecclesia Asset Management is a private equity general partner and asset manager for real estate investments. We manage investments across our key markets in Japan, Australia, the United Kingdom and Singapore, specializing in development to value-add projects.

Email: contact@ecclesia.sg