Resort operator wins bid for Tomonoura island hotel
Fukuyama City in Hiroshima has selected Hoshino Resorts as the operator of a luxury hotel planned for a beachfront site. This will be the operator’s first foray into Hiroshima Prefecture.Read more
Greater Tokyo’s population sees net increase for 29th year in a row
Greater Tokyo (Tokyo, Saitama, Chiba, and Kanagawa prefectures) saw a net inflow of 135,843 residents in 2024, up 7.4% from 2023’s figures and the 29th year in a row to see a net increase. In Tokyo’s 23 wards, the net inflow in 2024 was 58,804 residents, up 9.1% from 2023 and the third year in a row to see an increase.Read more
Mitsubishi opens Hmlet-branded co-living apartment building in Ikebukuro
In December, Mitsubishi Jisho Residence opened a 28-room co-living rental apartment building operated by Hmlet Japan.Read more
Zushi’s newest rental priced 40% higher than its competitors
Over the summer, a luxury rental apartment building along the coast in Zushi was completed. The 5-story, 27-unit building is targeting tenants from Tokyo and Yokohama looking to rent a long-term beachside holiday home.Read more
REIT acquires Hilton Fukuoka Sea Hawk for 64 billion Yen
On January 24, Japan Hotel Reit announced the purchase of the Hilton Fukuoka Sea Hawk Hotel from ML Estate for 64.35 billion Yen (approx. US$412 million). This was 10% below the appraised value.Read more
REIT sells 50% ownership of Shinagawa office tower
Global One Real Estate Investment Corp has sold its 50% stake in an office tower in Shinagawa to an undisclosed buyer as vacancies rise.Read more
Hotel in Nozawa Onsen takes heat for height
A high-rise hotel planned in the historic Nozawa Onsen village is causing a stir, according to a recent article in the Shinano Mainichi Shimbun newspaper. News of a 36-meter tall, 100-room hotel has sparked a debate on its scenic impact.Read more