Archive For The “Hotel News” Category

Historic Atami Villa sold to developer

Historic Atami Villa sold to developer

On June 13 Mori Trust announced that they have acquired the historic holiday home of Taneji Yamazaki (1893-1983) in Atami City for an undisclosed price. Yamazaki was a successful businessman, founding several trading companies, including one which is now SMBC Friend Securities. In 1966 he founded the Yamatane Museum of Art in Tokyo, which was…

Luxury onsen resort planned for Nikko in 2019

Luxury onsen resort planned for Nikko in 2019

Tobu Railway and real estate developer HULIC have announced plans to open a luxury hot spring resort in Nikko that will cater to wealthy tourists. The tentatively-titled ‘Nikko Fufu’ resort is scheduled to open in 2019. The 14,000 sqm site is located on Tobu-owned land in the Tomozawa district in Nikko. It adjoins the 40,000…

Lingerie company to start Kyoto machiya accommodation business

Lingerie company to start Kyoto machiya accommodation business

On May 30, Japanese lingerie company Wacoal Holdings announced that they will be starting an accommodation business that will feature Kyoto’s traditional machiya residences. From early 2018 onwards, the company plans to renovate old machiya into hotel-like guesthouses targeting tourists, with two or three machiya to open next year. Their goal is to manage 50 machiya over…

Mori Trust acquires historic Hakone hotel

Mori Trust acquires historic Hakone hotel

On May 18, Mori Trust announced that they had acquired the historic Gora Kansuirou Hotel in Hakone. The transaction took place in March 2017. The sale price was not disclosed. The Gora Kansuirou Hotel was built in 1921 as the holiday home for the third son of Yataro Iwasaki, founder of Mitsubishi. The 2-storey wooden…

Nara prison hotel to open in 2020

Nara prison hotel to open in 2020

The 109-year old former Nara Juvenile Prison in Nara City will be converted into a hotel by 2020. On May 26, Japan’s Ministry of Justice announced that a group of 8 companies, led by Solare Hotels and Resorts, was the successful bidder for the project.  A total of 3 groups submitted bids back in January. The…

Temple to develop boutique hotel-style accommodation

Temple to develop boutique hotel-style accommodation

Eihei-ji, a buddhist temple in Fukui Prefecture, is developing boutique hotel-style accommodation facilities within temple-owned land. The 18-room hotel will be able to host up to 72 guests in Japanese/Western-style rooms. Guests will be able to experience zazen seated meditation and traditional vegetarian cuisine. The hotel, which is scheduled to open in late 2019, will…

Tokyu acquires Kyu-Karuizawa Hotel

Tokyu acquires Kyu-Karuizawa Hotel

Tokyu Fudosan Holdings has acquired the Kyu-Karuizawa Hotel for an undisclosed price at the end of March. The seller was an offshore company. Tokyu is expanding into the luxury hotel market in anticipation of growing demand from foreign tourists. They are also planning to open a hotel in Okinawa in a joint venture with NTT Group….

Hakone Fujiya Hotel to close for 2 years for earthquake retrofitting

Hakone Fujiya Hotel to close for 2 years for earthquake retrofitting

Last month, Hakone’s historic landmark Fujiya Hotel announced that they will be temporarily closing the hotel from April 2018 to conduct necessary earthquake retrofitting and refurbishment. The hotel will re-open in Spring 2020. Fujiya Hotel’s main building was built in 1891 and is registered as a National Tangible Cultural Property along with the Comfy Lodge,…

HULIC wins bid for hotel development on historic site in Nara

HULIC wins bid for hotel development on historic site in Nara

Japanese real estate company HULIC has been selected to develop a hotel on a historic site within Nara Park. Nara Prefecture received bids from four companies during the month-long public tender process held in January 2017. The 1.3 hectare site was originally home to a sub temple, but sold off to private interests in the late…

Historic Yugawara Fujiya Ryokan sold to fund, to reopen in 2018

Historic Yugawara Fujiya Ryokan sold to fund, to reopen in 2018

The historic Fujiya Ryokan in Yugawara, Kanagawa, has been sold to a fund and will re-open in 2018. The sukiya-style building was built during the Meiji period (1868-1912), while the gardens date from the previous Edo period. The ryokan was a famed high-end onsen until its closure in 2002. Since then, the building has sit…

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