Toyota acquires office building near Tokyo Tower
Toyota Fudosan is acquiring the trust beneficiary rights to Shiba NBF Tower in central Tokyo. The tenant office building is walkable distance from three stations and six train lines.Read more
ANA Crowne Plaza Osaka to close in October
ANA Crowne Plaza Osaka, an IHG Hotel, is closing its doors on October 15, coinciding with the end of the building’s fixed-term lease.Read more
Hotelier buys historic ryokan in hot spring town
A hotelier has acquired a historic hot spring ryokan in Kyushu’s Obama onsen district with plans to restore it.Read more
Resort operator wins bid for Tomonoura island hotel
Fukuyama City in Hiroshima has selected Hoshino Resorts as the operator of a luxury hotel planned for a beachfront site. This will be the operator’s first foray into Hiroshima Prefecture.Read more
Mitsubishi opens Hmlet-branded co-living apartment building in Ikebukuro
In December, Mitsubishi Jisho Residence opened a 28-room co-living rental apartment building operated by Hmlet Japan.Read more
Zushi’s newest rental priced 40% higher than its competitors
Over the summer, a luxury rental apartment building along the coast in Zushi was completed. The 5-story, 27-unit building is targeting tenants from Tokyo and Yokohama looking to rent a long-term beachside holiday home.Read more
REIT acquires Hilton Fukuoka Sea Hawk for 64 billion Yen
On January 24, Japan Hotel Reit announced the purchase of the Hilton Fukuoka Sea Hawk Hotel from ML Estate for 64.35 billion Yen (approx. US$412 million). This was 10% below the appraised value.Read more