Kyoto hotel guests reach record high in 2018

US-based Travel + Leisure magazine has ranked Kyoto as one of the top 10 World’s Best Cities for the past seven years, so it is no wonder that in 2018 the number of hotel guests in Kyoto reached the highest number in history. The historic city welcomed 15.82 million hotel guests, up 1.6% from 2017 and the second year in a row to exceed 15 million. 

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Small hotels for sale in Tokyo

For investors looking to dip their toes into the hotel pool, there are several hotels and hostels currently for sale in Tokyo. These range from small 2-storey wooden houses that have been converted into minpaku-style accommodation, 10 ~ 15 room hostels, right up to more contemporary hotels featuring exposed concrete, high ceilings and trendy lounges and guest rooms.  The properties tend to be centered in popular tourist districts, including Asakusa and other areas around eastern Tokyo. Prices currently range from 100 million ~ 1.2 billion Yen and up (approx. 925,000 ~ 11 million USD), while net yields run anywhere from 4% ~ 9% depending on the property. 

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Traditional merchant residence in Gifu to be converted into boutique hotel

Work is well underway on the conversion of a historic and traditional residence in Gifu into a boutique hotel. The former Matsuhisa Residence was built 100 years ago by the operator of a successful wholesaler of Japanese paper materials. The residence was designed to accommodate guests and customers during the Meiji and Taisho eras. The two-story sukiya-style wooden house with tiled roof has a total of 12 tatami rooms, a tea room, and four warehouses. The buildings sit on 2400 sqm of land.

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Boutique hotel to open in 88-yr old building in Otaru

This month, Tokyo-based developer, Global Agents, will open a boutique hotel in a historic 1930s building in Otaru, Hokkaido. The UNWIND HOTEL & BAR Otaru will have hotel rooms ranging from 15 ~ 40 sqm (161 ~ 430 sq.ft), along with a banquet / dining hall. This is the company’s second UNWIND-branded hotel, with the first located nearby in Sapporo.

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