NEW YORK Sonnenblick-Goldman and Arthur Andersen, acting as exclusive advisors to Royal Hotel Limited, have arranged the sale of Rihga Royal Hotel Narita, a full-service hotel located adjacent to the New Tokyo International Airport in Narita, Japan. A joint venture between Soros Real Estate Partners and Westmont Hospitality purchased the 548-room hotel for between 8.5 and 9 billion Japanese Yen, or between $75.6 – $80 million.
The hotel features 26,000 square feet of banquet and meeting space, five restaurants, three bars/lounges, a health club, indoor pool, outdoor tennis courts, salon, and gift shop. (3/30/01)