On July 31, Mori Trust announced that they have acquired the historic former Maria-en Catholic nursery school in Nagasaki. Mori will restore the 119-year old building and convert it into an internationally-branded luxury hotel targeting wealthy foreign tourists with an opening scheduled for around 2022. Mori Trust operates 21 hotels across Japan, and this will be their first venture in the Kyushu region. The seller was the Minami Yamate-kai social welfare corporation.
This content is available to paid subscribers only.
Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However, gathering and preparing this content takes hours and hours each week. By joining our monthly subscription service, you can access over 3,200 articles dating back 14 years. Best of all, you’ll be supporting us in our endeavor to continue to provide investors with on-the-ground, expert information.
To join our paid subscription service and access over 3,200 news articles on Japan's real estate market, please register here.
Already a paid member? Log-in using your details below.