On May 11, the Toyo Keizai Online publication reported that China’s sovereign wealth fund is considering the sale of the landmark Meguro Gajoen hotel and office property in Tokyo.
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Luxury boutique hotel for Kumamoto
Ryugu, the Kumamoto Prefecture-based operator of Hotel Ryugu, is planning to open a luxury resort on Maejima Island.
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Takanawa Gateway City plans announced
On April 21, East Japan Railway Company (JR East) announced the construction plans for the area around the recently opened Takanawa Gateway Station. A total of four high-rises and one low-rise building will be completed by 2024 ~ 2025.
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Japan’s tallest tower tops out in Toranomon
The 64-story skyscraper in the Toranomon-Azabudai Project topped out at 330 meters on April 21. This is now the tallest building in Japan, exceeding Osaka’s 300-meter tall Abeno Harukas building.
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Japan’s first hotel-condominium* to be built in Hakone
On April 8, The Sankei Building Company, Tokyu Land Corporation, and Relo Vacations announced a hotel-condominium project for the Sengokuhara district in Hakone. This is the first hotel-condominium project in Japan to utilize the Home-Sharing Business Act (aka the Minpaku law) introduced in June 2018.
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Hilton to open flagship-branded hotel in Kyoto
Earlier this month, Hilton announced the signing of an agreement with Tokyo Tatemono to open the first flagship-branded hotel in Kyoto in 2024. The Hilton Kyoto will be located in the Kawaramachi Sanjo district.
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Luxury ryokan to be built in Ginza
Hulic, a major real estate company, recently announced plans to redevelop a prominent corner block in Ginza into a luxury ryokan-style hotel with an opening scheduled for 2025.
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Metabolist hotel remains closed
A hotel by a famed metabolist architect on Sado Island, Niigata, looks to remain closed indefinitely. The Sado Grand Hotel was designed by Kiyonori Kikutake (1928 – 2011), one of the founders of the Metabolist architectural movement, and built in 1967.
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Historic 103-yr old hotel in Kobe sold
On March 7, Sanyo Electric Railway announced the sale of the historic former Maiko Hotel in Kobe City.
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Subscription-type cabins open by Lake Yamanaka
A subscription-type holiday home development near Lake Yamanaka at Mt. Fuji opened on March 4. The 14 contemporary cabins are spread across a 13,000 sqm site and are a 10-minute walk from the shore.
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