Shirahama beachfront onsen to go up for sale in January
A town-owned onsen hotel in Wakayama Prefecture’s Shirahama district will go up for sale next month, with an appraised value of just 7.6 million Yen (approx. US$50,000).Read more
Rents have doubled in this Hokkaido city
The real estate market in Chitose City, Hokkaido, is going through a sudden and drastic change with residential rents and land prices doubling and vacancy rates plummeting.Read more
Pullman Hotel announced for former Nakagin Capsule Tower site in Ginza
An interesting update for the site of the former Nakagin Capsule Tower building in Ginza, with the Pullman Tokyo Ginza hotel to be built in its place.Read more
Seto Island Sea chosen as location for Hilton’s second LXR hotel
Hilton is planning to open a luxury 60-room hotel on a waterfront site in Miyajima, Hiroshima, in 2028. Hirogin Holdings, parent company of Hiroshima Bank, and Hilton announced the project on December 4.Read more
Niseko ramping up for record-breaking ski season
This ski season, hotel bookings in Niseko and Kutchan are expected to surpass last year’s record as inbound tourism continues its post-pandemic recovery.Read more
REIT sells 302-room Osaka hotel for 7.75 billion Yen
Ichigo Hotel REIT has sold a 302-room hotel in Osaka to an unnamed buyer for 7.75 billion Yen (US$50 million), 2% more than the REIT paid for it eight years ago. The sale price works out to be around 25.66 million Yen per key.Read more
University acquires Hilltop Hotel
Meiji University has acquired the historic Yamanoue Hotel (Hilltop Hotel) adjoining its campus in central Tokyo. The university announced the acquisition on November 15.Read more