The former Yokohama City Hall, designed by famed architect Togo Murano and built in 1959, is still awaiting a final decision regarding its fate with some arguing that it has been priced too low.
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Hamamatsucho Building redevelopment kicks off after a delayed start
The official groundbreaking ceremony for the Shibaura 1 Chome Project was held on September 28. This project will see the former Hamamatsucho Building replaced with two 235-meter tall towers.
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New brand moves into historic hotel in Otaru
Boutique ryokan developer and operator Hoshino Resorts has taken over a bankrupt hotel in Otaru, Hokkaido, with plans to re-open it this winter under their OMO brand.
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Foreign buyers battle for Seibu’s hotels
In the few months since news broke of Seibu Holdings’ plan to offload some of its hotels, Blackstone Group and an investment fund affiliated with Morgan Stanley have emerged as possible buyers. Negotiations are expected to conclude by the end of the year.
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Luxury hotelier to pay 1.5 billion Yen for historic site in Kyoto
The operator of a luxury, boutique hotel in Hakone has been selected as the successful bidder for a historically significant site in Kyoto City.
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Outdoor lifestyle brand to open hot spring resort
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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