---
title: "Hon Kwok to Sell Asakusa Tokyo Hotel for JPY2.7 Billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281948587.md"
description: "Hon Kwok Land Investment Co., Ltd. has announced the sale of its Asakusa Tokyo hotel to Daiwa House Industry for JPY2.72 billion (approximately HK$133.4 million). The property, which includes 161 capsules and five guest rooms, will be delivered vacant, allowing for potential redevelopment. This transaction is classified as a discloseable but not notifiable event for Hon Kwok, indicating a strategic portfolio adjustment. The deal is expected to complete in July 2026, with limited impact on CIL's balance sheet. The current analyst rating for Hon Kwok stock is a Hold with a price target of HK$1.00."
datetime: "2026-04-08T00:27:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281948587.md)
  - [en](https://longbridge.com/en/news/281948587.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281948587.md)
generator: "portal-rs"
---

# Hon Kwok to Sell Asakusa Tokyo Hotel for JPY2.7 Billion

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An announcement from Hon Kwok Land Investment Co., Ltd. ( (HK:0160) ) is now available.

Hon Kwok Land Investment and its parent CIL have agreed, via their majority-owned joint venture, to sell a hotel property in Asakusa, Tokyo, comprising 161 capsules and five guest rooms with a gross floor area of about 1,316 square metres, to Daiwa House Industry for JPY2.72 billion, or roughly HK$133.4 million. The consideration, set above a recent independent valuation, will be paid in full at completion expected in July 2026, and the deal is classified as a discloseable transaction for Hon Kwok but not a notifiable transaction for CIL, underscoring a strategic portfolio adjustment rather than a transformational shift for the group’s overall operations.

The disposal terms were reached after arm’s length negotiations, with the property to be delivered vacant, which may allow the buyer to reposition or redevelop the asset in a popular Tokyo district. While Hon Kwok must comply with Hong Kong listing disclosure rules, the transaction size remains modest relative to CIL’s scale, suggesting limited balance sheet impact but signalling continued active management of overseas hospitality investments and selective capital recycling by the group.

The most recent analyst rating on (HK:0160) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Hon Kwok Land Investment Co., Ltd. stock, see the HK:0160 Stock Forecast page.

**More about Hon Kwok Land Investment Co., Ltd.**

Hon Kwok Land Investment Co., Ltd. is a Hong Kong-incorporated property developer and investor, with interests held through subsidiaries such as Best Range Global and joint ventures operating hotel assets under The Bauhinia Hotels Group brand. It focuses on real estate investments in key Asian markets, including hospitality properties in Japan, to capture regional demand for accommodation and related services.

**Average Trading Volume:** 57,584

**Technical Sentiment Signal:** Strong Sell

**Current Market Cap:** HK$698.8M

Learn more about 0160 stock on TipRanks’ Stock Analysis page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**