Hiramatsu hotel portfolio sold to fund

On March 27, LoadStar Capital announced the formation of a special purpose company to acquire six luxury hotels from restaurant operator Hiramatsu and real estate developer NTT Urban Development Corporation.Read more

Nozawa Onsen’s housing shortage

A shortage of housing in Nozawa Onsen is creating headaches for new residents. The bustling hot spring and ski resort village had entered into a decline in the 1990s and 2000s as the domestic ski boom waned, but has seen a recovery since the 2010s as foreigners descended on the mountainous destination, opening up tourism and accommodation businesses.Read more

Japan’s hotel rates reach record high in December

Last December, the average room rate for a hotel in Japan was 21,102 Yen, up 8.2% from November and the first time in the 2000s that it has exceeded 20,000 Yen, according to industry tracker STR. The nationwide average is being pulled up by hotels in Tokyo, Osaka, Nagoya and Hokkaido, as inbound visitors show a remarkable return.Read more

Hotel acquisition targets semiconductor factory staff

Kyoritsu Maintenance, an operator of hotels, aged-care, and student accommodations, is planning to acquire a 68-room resort hotel from Minamiaso Village in Kumamoto. The goal behind the purchase is to provide a hotel targeting the staff and family of the new semiconductor factories being built nearby.Read more

Domestic developer making moves in condo-hotel market

Daiwa House Industry plans to enter Japan’s relatively untapped hotel-condo market by 2026, according to the Nikkei Shimbun newspaper.Read more

Okinawa hotel sells for 64 million Yen per key

KDX Realty Investment Corporation is acquiring the trust beneficiary rights to the 340-room Okinawa Prince Hotel Ocean View Ginowan for 22 billion Yen (approx. US$150 million). The sale contract was signed on January 15 with the acquisition to be completed on February 1. The seller was a related party to Kenedix.Read more

Our Japan Property Market Report for 2023

In 2023, Japan's property market continued to see high demand thanks to some of the lowest interest rates in the world, a cheap Yen, and an improving corporate environment. We ended the year with domestic and foreign clients looking to spend an accumulated total of up to 120 billion Yen on real estate acquisitions in Japan.Read more