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 1800s. Since then it has had several owners, including poet Haruyasu Umeda, and banker Kenshiro Yamaguchi. After WWII, the Nara Family Court annex building was built on the land, although it has since been demolished. Remains of the traditional Japanese garden dating from the 1910s remain.Read more