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

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

Asakusa hotel on leasehold land sells at 65 million Yen per key

Despite being on leasehold land, this recently-built hotel in Asakusa sold last week for 65.5 million Yen per key (approx. US$460,000). The Nomura Real Estate Master Fund entered into an agreement to acquire the Mimaru Suites Tokyo Asakusa hotel on December 14 for 2.36 billion Yen (US$16.57 million) with delivery to take place in April 2024.Read more

Mandarin Oriental opening three boutique hotels in Setouchi

Japan’s island-filled Setouchi region will be home to three boutique Mandarin Oriental hotels between 2027 and 2030. Currently, the sole Mandarin Oriental hotel in Japan is located in Tokyo.Read more

Niseko hotel tax to max out at 2,000 Yen

On November 8, Niseko Town announced plans to introduce an incremental hotel tax that will be amongst some of the most expensive in Japan. The incremental tax will range from 200 ~ 2,000 Yen per person, per night and could be introduced as early as November 2024.Read more

Banyan Tree hotel to open in Hakuba

In an interesting shift in plans, Banyan Tree’s first ski resort hotel in Japan will now be located in Hakuba instead of Niseko. A 156-room hotel across six buildings is planned for a 33,000 sqm site adjoining the Happo-One ski slopes in Hakuba, with opening tentatively scheduled for 2026.Read more