Six Senses to open in Niseko
A Six Senses resort is coming to Niseko in 2024 ~ 2025 (since pushed back to late 2026). On April 8, the Hokkaido Shimbun newspaper reported that IHG Hotels & Resorts is planning the luxury hotel for the Hirafu district.
More details announced for Shangri-La Kyoto hotel project
Developer Samty Co., Ltd. announced some additional details on Shangri-La Hotel’s plan to open a luxury, low-rise hotel in Kyoto.
Soon you can rent Kisho Kurokawa’s capsule holiday home
Back in 1973, iconic modernist architect and a founder of the Metabolist Movement, Kisho Kurokawa, built a personal holiday home in the summer resort area of Karuizawa. Now, a crowdfunding venture is underway to raise funds to restore the unique home and make it available for holiday rentals.
Osaka’s One Dojima Project to include Four Seasons Hotel
Tokyo Tatemono and Hotel Properties Limited are developing a 195-meter tall, 49-story mixed condominium and hotel high-rise just south of the Osaka / Umeda Station district. This will be the first high-rise development in Japan to have both the Four Seasons Hotel and a condominium in the same building.
Quick real estate news summary for the week
Shibuya office building sells for 6 billion Yen, Hilton to open in Miyakojima, Hankyu closes hotels, and Gifu and Mie both to see largest condo projects in history. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Business hotels performing the best in a bad situation
The onset of the pandemic and international travel bans in March 2020 saw occupancy rates in Japan’s hotels plummet. Resort hotels saw occupancy levels drop to just 3.3% during the State of Emergency in May 2020, while traditional ryokans weren’t far behind with 5.9% occupancy.
Quick real estate news summary for the week
Fire insurance policy terms reduced, Blackstone to acquire 8 hotels, and apartment asking prices in Tokyo increase for 8th month in a row. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.