Malaysian developer backs out of Okinawa resort project
Rising construction costs were cited for the recent withdrawal from a beachfront resort project in Okinawa by a Malaysian developer.Read more
Fukui opening up waterfront sites to bids from hotel developers
Fukui Prefecture has launched a project to attract luxury hotel and auberge developers to its scenic Wakasa Bay resort area.Read more
ADR for Kyoto hotels hits record high in 2024
Hotel occupancy rates in Kyoto may have yet to recover to 2019 levels, but ADRs have reached new highs. The Kyoto City Tourism Association reported an average occupancy rate of 78.5% for the city’s main hotels in 2024, up 5.1 points from 2023 but still 2.8 points below the 2019 average.Read more
1200-person staff accommodation to be built in Niseko
To address a severe housing shortage, a Kutchan real estate company is planning to develop a 30-block estate of apartments for a 2.7-hectare site in the town.Read more
Toyota acquires office building near Tokyo Tower
Toyota Fudosan is acquiring the trust beneficiary rights to Shiba NBF Tower in central Tokyo. The tenant office building is walkable distance from three stations and six train lines.Read more
ANA Crowne Plaza Osaka to close in October
ANA Crowne Plaza Osaka, an IHG Hotel, is closing its doors on October 15, coinciding with the end of the building’s fixed-term lease.Read more
Hotelier buys historic ryokan in hot spring town
A hotelier has acquired a historic hot spring ryokan in Kyushu’s Obama onsen district with plans to restore it.Read more