Japan hotels keep luring Hong Kong families, global investors despite geopolitical strains

For Hong Kong’s Topaz Family Office, investing in hotels in Japan holds up as a sound decision even as a Middle East war clouds the macroeconomic environment. The wealth manager has made Japan a central plank of its pivot into hospitality and real estate over the past two years, driven by a sharp post-pandemic tourism rebound. The investment thesis now looks increasingly robust thanks to multiple structural tailwinds and a growing pool of institutional capital flowing into the same trade. “Japan hotels still make sense, even under wars and geopolitical tensions,” said Derek Cheung, chief marketing officer and co-head of…