J-REIT acquires Fukuoka hotel
The Nomura Real Estate Master Fund (NMF) is acquiring a 68-room hotel in Fukuoka for 3.8 billion Yen, or around 55.9 million Yen per key. This was part of REIT’s strategy of strengthening its resilience to inflation by offloading some residential assets with limited rental growth potential and acquiring a relatively new and well-located hotel.Read more
Redevelopment plans announced for Grand Prince Hotel Shin Takanawa
On June 6, Seibu Real Estate released details on the redevelopment plans for the Grand Prince Hotel Shin Takanawa on the western side of Shinagawa Station in Tokyo. This is a joint venture involving Seibu, Tokyu Land Corporation, the Urban Renaissance Agency, and the Takanawa 3 Chome Shinagawa Station Front Town Redevelopment Committee.Read more
Daiwa adds three properties to condo-hotel line up
Developer and home builder Daiwa House Industry has launched its third short-term or ‘minpaku’-friendly condo projects in Japan as it seeks to offer investors a way to capitalize on the inbound tourism boom.Read more
Capsule hotel to open in Beppu Tower
A Tokyo-based lodging operator is planning to open a capsule hotel within the landmark Beppu Tower this July.Read more
Luxury hotel coming to Koshu's wine valley
Marriott International is planning to open a hotel in Koshu Valley, a famous wine region in Yamanashi Prefecture. Koshu City has struggled with a shortage of hotels and accommodation facilities, with city officials anticipating the new hotel to boost tourism to the area.Read more
Meguro ward to relax building height limits
Tokyo’s Meguro ward is considering relaxing building height limits to encourage developers to build more energy-efficient housing. Typically, discussions over height regulations have revolved around a building’s impact on sunlight and the surrounding environment. This time, however, it relates more to the building’s interior environment.Read more
Rental housing options for older tenants more than doubles
The number of rental homes and apartments that welcome older tenants, defined as those over the age of 65, has doubled over the past few years as landlords start to recognize the social responsibility of supporting this demographic.Read more