Fortress eyes Japan hotel investments

• Looking to cash in on government's drive to boost tourism ahead of the 2020 Tokyo Olympics, Fortress Investment's (NYSE:FIG) Japan operation is prioritizing hotel investments, expecting them to generate the highest returns of any real estate asset.
• "While there are signs that demand for accommodation is set to increase, supply of the hotel is even falling in Japan," says Akio Yamashita, managing director for Fortress (Japan). "That is making the rental income from hotel operations very attractive."
• A record 10.36M foreigners visited Japan in 2013, and the government has set a target of 20M visitors by 2020 (if the yen keeps falling, they'll probably get it).