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AXA IM Alts buys prime Kyoto hotel for €43m

AXA IM Alts has acquired, on behalf of clients, a prime hotel in Kyoto, Japan, for ¥6.8 billion (€43 million) of total project cost. The investment manager has also signed a management agreement with IHG Hotels & Resorts. The hotel chain will open the Holiday Inn Kyoto Gojo in early 2025.