Japanese outdoor lifestyle brand Snow Peak is opening a hot spring resort in their hometown of Sanjo City, Niigata.
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More news on the redevelopment project surrounding the Imperial Hotel
Additional details on the Uchisaiwaicho 1 Chome District Redevelopment have been released. The 6.5-hectare site is across the street from Hibiya Park and includes the Imperial Hotel.
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Quick real estate news summary for the week
Ageism rife in rental market, Sapporo hotel converts rooms to office space, and Dentsu confirms decision to sell Shimbashi HQ. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
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Hoshino Resorts to open 3 hotels in Kyoto this year
Boutique luxury hotelier Hoshino Resorts will be opening three hotels in Kyoto this year under their new OMO brand. The brand provides affordable city hotels targeting urban tourists.
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Imperial Hotel confirms Kyoto project
On May 12, the Imperial Hotel officially released plans for their luxury hotel project in Kyoto’s Gion district. This will be the fourth Imperial Hotel in Japan and the newest in almost three decades. It is also expected to be the most expensive of their hotels, with a level of service matching that of the Imperial Floors in their Tokyo hotel.
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Pandemic hasn’t slowed luxury hotel projects in Kyoto
Despite tourism being on hold, luxury hotel brands continue to push ahead with developments in the historic city of Kyoto. Various heritage protection bylaws, a planned tax on holiday homes, and even a global pandemic are not enough to slow investor demand from funds and wealthy buyers both domestically and abroad.
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Luxury resort planned for Miura Peninsula in 2024
On May 12, Keikyu Corporation announced its area management plans for the Miura Peninsula in Kanagawa Prefecture. This includes a luxury resort for Jogashima Island.
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Quick real estate news summary for the week
Tokyo’s foreign resident population continues to fall, apartment rents remain stable, and a hot spring ryokan sells for 2.75 billion Yen. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
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8% of short-term ‘minpaku’ rentals close since start of pandemic
According to the Japan Tourism Agency, the number of registered short-term ‘minpaku’ rentals nationwide has dropped from a peak of 21,385 in April 2020 to 19,520 as of March 2021.
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Six Senses and Banyan Tree to open in Kyoto in 2024
Six Senses and Banyan Tree will both be opening luxury hotels in Kyoto’s Higashiyama district in 2024. Both hotels will be the first of their kind in Japan.
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