On February 4, Hilton announced plans to open an LXR-branded luxury hotel in Kyoto. The resort will be located within the 28-acre Shozan Resort Kyoto on the site of a former bowling alley.
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Chongryon branch in Kyoto up for foreclosure
The Kyoto branch of the General Association of Korean Residents in Japan (Chongryon), has been foreclosed on with public bidding to be held from February 13 ~ 20.
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Nintendo to convert former Kyoto HQ into boutique hotel
The 90-year old former headquarters of Nintendo will be converted into a boutique hotel. The conversion project will see the historic building refurbished into a 20-room hotel with a restaurant, and guest gym and baths.
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The difficulty in selling a house with 1,000+ owners
With over 1000 owners, some heirs to a traditional townhouse in Kyoto have found themselves unable to sell.
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Hiramatsu to open Kyoto hotel in 2020
Hiramatsu, a fine-dining and wedding function company, will be opening a boutique luxury hotel in Kyoto in March 2020.
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Kyoto to increase floor-area ratios on southern side of station
Kyoto City is considering a plan that would increase the maximum floor-area ratios for the Higashi-Kujo district near Kyoto Station. The district is currently filled with many small and old wooden houses, along with idle city-owned land.
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Regional commercial standard land prices increase for first time in 28 years
In 2019, Standard Land Prices for commercial land in Japan’s regional areas recorded a 0.3% increase – the first time positive growth has been seen since 1991.
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Kyoto hotel sells for US$42 million
Ichigo Hotel REIT has sold Hotel Vista Premio Kyoto to an undisclosed domestic buyer for 4.5 billion Yen (approx. 42 million USD). The 6-story, 84-room hotel has a total floor area of 3,867 sqm and was built in 2008.
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Kyoto aiming to become a start-up city
Kyoto has set its sights on being selected by the national government as a Start-Up City, according to a joint announcement made by the Kyoto Prefectural Governor and Kyoto City Mayor on August 28. The goal of this program is to create Japan’s own Silicon Valley.
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Kyoto’s former red-light district now a hotspot for investors
Gojo-rakuen, a former red-light district between Gojo and Kiyomizu-Gojo Stations and along the western side of Kamo River, is now a hotspot for fast-moving investors. The neighborhood is undergoing rapid gentrification into a trendy tourist district, while land values are seeing strong growth.
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