Kyoto Kokusai HotelFujita Kanko Inc announced that they will close the Kyoto Kokusai Hotel at the end of 2014 and sell the building and land. The hotel, which opened in 1961, overlooks the Nijo Castle in the centre of Kyoto. 

The hotel occupancy rate for the first half of 2013 was over 90%, but increased competition from newer hotels and its relative distance from Gion and Kyoto’s business district meant that the hotel’s revenue-per-room was falling. The 52-year old building was aso starting to show signs of age.

Source: The Nikkei Shimbun, October 17, 2013.

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