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
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
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
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
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
REIT acquires two Mimaru hotels
ORIX JREIT is acquiring two serviced-apartment style hotels in Osaka and Kyoto for 7.85 billion Yen (approx. US$50 million). The price per key is 132.5 million Yen (US$840,000) for the Osaka hotel and 68.9 million Yen (US$440,000) for the Kyoto hotel.Read more