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Business deals

Property developer Hulic buys Hilton on Tokyo's waterfront

Deal gives the group two hotels in a key area for the 2020 Olympics

The Hilton Tokyo Odaiba is about 20 minutes by bus from Haneda Airport.

TOKYO -- Japanese real estate company Hulic and a partner have acquired the Hilton Tokyo Odaiba hotel for slightly over 60 billion yen ($541 million), aiming to capture lodging demand from international tourists in the run-up to the 2020 Olympics.

This is the second large hotel Hulic and its partner, Fuyo General Lease, have acquired in the waterfront district, which is to host Olympic events such as the triathlon. 

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