Resorttrust Inc, a Nagoya-based hotel operator and developer, is planning to open The Kahala Hotel & Resort Yokohama in the city’s waterfront district of Minato Mirai by 2020.
Resorttrust plans to capitalize on the Kahala brand-name to attract both domestic and foreign tourists. The project will include two 14-storey hotels – one that is open to the general public, and one that is a members-only hotel. The smallest room will be a 50 sqm suite that is expected to be 100,000 Yen (890 USD) per night. There will also be four rooms of 120 sqm each that will be priced at around 300,000 Yen (2,675 USD) per night.
The total project cost is estimated at approximately 45.8 billion Yen (408 million USD).
The company acquired The Kahala & Resort in Oahu, Hawaii, in 2014 for 282.5 million USD.
The Nikkei Shimbun, October 16, 2017.
The Mainichi Shimbun, October 17, 2017.
Image via Resorttrust, Inc. News Release, October 16, 2017.
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