Luxury hotel for Tottori Sand Dunes

In 2026, Marriott International will open a The Luxury Collection-branded hotel near the Tottori Sand Dunes alongside the Sea of Japan.Read more

Japan’s skyrocketing hotel prices

A quickly recovering inbound tourism industry coupled with a labor shortage has caused hotel rates in some areas in Japan to far exceed pre-pandemic pricing.Read more

Nara’s hotel shortage continues

Despite having some idyllic and historic tourist attractions, for many years Nara Prefecture had the fewest hotel rooms in Japan. And while there have been several notable hotel openings in recent years to boost the much-needed supply, it has only managed to move up three spaces to rank 44th out of the country’s 47 prefectures.Read more

Akihabara high-rise project moving ahead despite opposition

A 170-meter tall mixed-use redevelopment may soon be going ahead for a multi-block site in Akihabara. To move forward with project planning, the required two-thirds approval was obtained from landowners last month.Read more

Historic Hilltop Hotel to close next year

On October 23, the operator of the historic Hilltop Hotel in Tokyo’s Chiyoda ward announced it will temporarily close from February 2024. The closure is to allow them to consider possible measures to deal wth the building’s age and deterioration.Read more

Hyatt House opening Shibuya property next February

The Hyatt House brand of extended-stay hotels is coming to Tokyo next February with the opening of the Hyatt House Shibuya Tokyo. This is the second Hyatt House in Japan - the first opened in Kanazawa in 2020.Read more

Hotels in high demand as developers see opportunity in rapidly recovering tourist market

Japan's hotel industry is only going to heat up as major domestic developers ramp up their portfolios amidst a rapidly recovering tourist market.Read more

Osaka’s most expensive apartment is going on sale for 2.5 billion Yen

The most expensive apartment in history in the Osaka and Kansai region will go on sale next February. The two-bedroom penthouse will be priced at 2.5 billion Yen (US$16.7 million).Read more

Modernist theatre demolition delayed due to rising construction costs

Rising construction costs might have granted the National Theatre an inadvertent temporary reprieve of demolition. The 57-year old modernist building was scheduled to meet with the wrecking ball sometime after the end of October.Read more

Commercial real estate volume reaches 2.3 trillion in first half of 2023

The total volume of real estate acquisitions made during the first half of 2023 reached 2.3 trillion Yen (approx. US$15.5 billion), according to the Japan Real Estate Institute, up 9.5% from the second half of 2022.Read more