A Six Senses resort is coming to Niseko in 2024 ~ 2025. On April 8, the Hokkaido Shimbun newspaper reported that IHG Hotels & Resorts is planning the luxury hotel for the Hirafu district.
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More details announced for Shangri-La Kyoto hotel project
Developer Samty Co., Ltd. announced some additional details on Shangri-La Hotel’s plan to open a luxury, low-rise hotel in Kyoto.
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Quick real estate news summary for the week
Shibuya office building sells for 6 billion Yen, Hilton to open in Miyakojima, Hankyu closes hotels, and Gifu and Mie both to see largest condo projects in history. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
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Business hotels performing the best in a bad situation
The onset of the pandemic and international travel bans in March 2020 saw occupancy rates in Japan’s hotels plummet. Resort hotels saw occupancy levels drop to just 3.3% during the State of Emergency in May 2020, while traditional ryokans weren’t far behind with 5.9% occupancy.
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Imperial Hotel to be rebuilt after 2030
On March 16, the Yomiuri Shimbun newspaper reported that the Imperial Hotel in Tokyo is considering redeveloping their main hotel and neighboring office tower. This isn’t the first time rumors of redevelopment have been floated. Similar reports came out in early 2018 and late 2019.
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Kyoto sells hotel development site near Nijo Castle
Kyoto City is selling a 3,000 sqm site on the northern side of Nijo Castle to real estate developer Open House Co., Ltd. The developer is planning to open a low-rise hotel in 2024.
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Azumi Setoda ryokan to open in March 2021
A new hotelier has entered the boutique ryokan space in Japan, with their first project in the Setouchi Region to open in March 2021. Azumi Setoda is the first of the Azumi hotel projects – a hotel brand established by Adrian Zecha, founder of Aman, and Kyoto-based hospitality group Naru Developments.
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Kyoto’s hotels see conditions improve for fourth month
According to the Kyoto City Tourism Association, hotel occupancy rates are slowly on the rise as the historic former capital recovers from the coronavirus pandemic. Conditions have improved for the past four months, and Japanese guest numbers are close to 80% of what they were pre-pandemic.
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Waldorf Astoria to open first hotel in Japan in 2026
Waldorf Astoria Hotels & Resorts is opening Japan’s first Waldorf-branded hotel in Tokyo in 2026. The hotel will occupy the 39th ~ 47th floors within the Nihonbashi 1 Chome Central District Redevelopment.
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US$600million+ resort condo development for Niseko
Another week, another multi-billion Yen project announced for Niseko. Singapore-based Shenning Investments is developing a luxury Capella-branded resort in Niseko’s Hanazono district with a planned opening in 2024 ~ 2025. The total cost of the project has not been disclosed but some have estimated it to be over 70 billion Yen (approx. 664 million USD).
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