On July 27, The Sankei Building Co., a Tokyo-based real estate company, announced that they will be entering the Kyoto machiya hotel business. Their first property is a traditional machiya merchant residence located a kilometer from Nijo Castle that is scheduled to open in April 2018.
The two-story wooden residence has a total floor area of 196 sqm (2,109 sq ft) and can accommodate up to 10 guests. Nightly rates are expected to be around 10,000 ~ 20,000 Yen per guest.
Sankei will rent the property from its owner and restore it. They plan to have several machiya-style hotels open by 2020.
In May, lingerie company Wacoal Holdings announced a similar venture, with a goal of managing 50 machiya guesthouses in Kyoto over the next five years.
The Sankei Shimbun, July 27, 2017.
Travel Voice, August 3, 2017.