Posts Tagged “Atami”

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…

Restauranteur planning big expansion into luxury hotel business

Restauranteur planning big expansion into luxury hotel business

Hiramatsu, a famous French and Italian restauranteur, announced bold plans for their newly created hotel brand. In July, they opened The Hiramatsu Hotels & Resorts Kashikojima in Mie Prefecture. The small-luxury resort has just 8 guest suites and is targeted towards wealthy individuals with a net worth of over 100 million Yen. Room rates, which include…

Old Atami hotel sold to Tokyo-based hotelier

Old Atami hotel sold to Tokyo-based hotelier

Ooedo-Onsen-Monogatari Co., Ltd. acquired Hotel Mizuhatei in Atami City on September 12 for an undisclosed sum. The 11-storey hotel is located alongside the No. 135 National Highway and overlooks Sagami Bay.

Atami loses two hotels in August

Atami loses two hotels in August

Two reasonably large hotels in the beachside hot spring resort area of Atami in Shizuoka Prefecture closed their doors last month. Atami Korakuen Hotel Misaki-kan Annex Atami Korakuen Hotel closed their Misaki-kan annex building last month, ending 65 years of operations. The hotel will continue to operate in their newer building next-door, while the former…

NTT to develop luxe hotels with fine-dining restauranteur

NTT to develop luxe hotels with fine-dining restauranteur

NTT Urban Development, the real estate development arm of the NTT communications group, is jointly developing several high-end hotels with restaurant and wedding planning company Hiramatsu. Hiramatsu is known for their French and Italian restaurants, wedding planning, catering and wine businesses. In May 2015, they announced their foray into the hotel industry with the establishment of…

HULIC moves into luxury ryokan business

HULIC moves into luxury ryokan business

To capitalise on the growing industry for luxury boutique-style ryokans (traditional Japanese inns), real estate giant HULIC and Kato Pleasure Group (KPG) established KH Resort Management on July 1. The company will engage in the operation of ryokans as well as providing consulting services. In April 2015, HULIC acquired two hotels from KPG – the…

Luxury ryokans seeing surge in investment

Luxury ryokans seeing surge in investment

With expectations of growing demand from travellers and foreign tourists, luxury ryokans (traditional Japanese inns) and hotels across Japan are now a highly sought-after target by funds and major real estate companies. This means foreign investors looking to get into the hotel market in Japan will be facing increasingly tough competition from domestic investors. This…

Did you know: Atami City has a special tax on holiday homes

Did you know: Atami City has a special tax on holiday homes

The popular beachside resort area of Atami in Shizuoka levies a special tax on owners of holiday homes and resort apartments within the city. Called a “besso” tax (besso = holiday house), it is very similar to a municipal tax. This tax is only charged on properties in Atami City, and is not found anywhere else…

Japanese Villa in Atami

Japanese Villa in Atami

Price: 230,000,000 Yen No longer on the market This beautiful traditional Japanese house and garden in Atami City was built in the early Showa period and was previously owned by Viscount Torio. The spacious property includes the main house, tea house, guest house, and a large Japanese garden with flowing stream. Water from the natural hot springs can…

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