Odakyu opens new hot spring hotel in Hakone

On August 11, Odakyu Electric Railway Co. opened their latest hotel in Hakone. Hakone Yutowa was originally built during the bubble as a corporate retreat but has been fully refurbished and converted into a hot spring hotel. It sits in a prime position just across the street from Gora Kadan – a hotel on the grounds of a former Imperial Villa.

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Mori Trust acquires historic Hakone hotel

On May 18, Mori Trust announced that they had acquired the historic Gora Kansuirou Hotel in Hakone. The transaction took place in March 2017. The sale price was not disclosed.

The Gora Kansuirou Hotel was built in 1921 as the holiday home for the third son of Yataro Iwasaki, founder of Mitsubishi. The 2-storey wooden villa was built on 7 lots of land purchased in 1916 in the Gora subdivision. A member of the Kan’in-no-miya branch of the Imperial Family fell in love with the area after spending a summer as a guest at the home 1928, and purchased half of the grounds from Iwasaki to build their own villa (now the Gora Kadan Hotel).

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