J-REIT acquires Fukuoka hotel
The Nomura Real Estate Master Fund (NMF) is acquiring a 68-room hotel in Fukuoka for 3.8 billion Yen, or around 55.9 million Yen per key. This was part of REIT’s strategy of strengthening its resilience to inflation by offloading some residential assets with limited rental growth potential and acquiring a relatively new and well-located hotel.Read more
Redevelopment plans announced for Grand Prince Hotel Shin Takanawa
On June 6, Seibu Real Estate released details on the redevelopment plans for the Grand Prince Hotel Shin Takanawa on the western side of Shinagawa Station in Tokyo. This is a joint venture involving Seibu, Tokyu Land Corporation, the Urban Renaissance Agency, and the Takanawa 3 Chome Shinagawa Station Front Town Redevelopment Committee.Read more
Capsule hotel to open in Beppu Tower
A Tokyo-based lodging operator is planning to open a capsule hotel within the landmark Beppu Tower this July.Read more
Luxury hotel coming to Koshu's wine valley
Marriott International is planning to open a hotel in Koshu Valley, a famous wine region in Yamanashi Prefecture. Koshu City has struggled with a shortage of hotels and accommodation facilities, with city officials anticipating the new hotel to boost tourism to the area.Read more
Tokyo's largest subway operator to launch hotel brand
Tokyo Metro, operator of Tokyo’s largest subway system, is launching its own hotel brand and operations utilizing land it owns around major train stations and acquiring new sites, according to its mid-term business plan for 2025 to 2027.Read more
Beppu hotels acquired by Tokyo based real estate companies
Two Tokyo-based real estate companies are planning a 5-story luxury hotel in Beppu’s Kannawa Onsen district.Read more
Hilton to open above Akasaka Station
Mitsubishi Estate, TSB Holdings, and Hilton announced that the 174-room Canopy by Hilton Tokyo Akasaka is planned for the Akasaka 2•6 Chome District Redevelopment above Akasaka Station. This will be the first Canopy by Hilton property to open in the Kanto area and the third in Japan.Read more