The former Yokohama City Hall, designed by famed architect Togo Murano and built in 1959, is still awaiting a final decision regarding its fate with some arguing that it has been priced too low.
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Hamamatsucho Building redevelopment kicks off after a delayed start
The official groundbreaking ceremony for the Shibaura 1 Chome Project was held on September 28. This project will see the former Hamamatsucho Building replaced with two 235-meter tall towers.
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New brand moves into historic hotel in Otaru
Boutique ryokan developer and operator Hoshino Resorts has taken over a bankrupt hotel in Otaru, Hokkaido, with plans to re-open it this winter under their OMO brand.
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Foreign buyers battle for Seibu’s hotels
In the few months since news broke of Seibu Holdings’ plan to offload some of its hotels, Blackstone Group and an investment fund affiliated with Morgan Stanley have emerged as possible buyers. Negotiations are expected to conclude by the end of the year.
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Luxury hotelier to pay 1.5 billion Yen for historic site in Kyoto
The operator of a luxury, boutique hotel in Hakone has been selected as the successful bidder for a historically significant site in Kyoto City.
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Historic villa in Kyoto sold last month
A Kyoto-based asset management and real estate company acquired a historic ryotei-style restaurant in the city’s Higashiyama district in July.
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Overseas buyers seeking hot spring ryokans
Offshore buyers are on the hunt for hot spring resorts and traditional ryokans in Shizuoka’s Izu Peninsula, according to a recent article in Diamond Online. The article quotes an onsen and hotel broker that received over 200 inquiries in May alone from buyers looking to acquire accommodation facilities across the country, with 70% of those looking for luxury hot spring ryokans around Izu, Hakone, and Mt. Fuji.
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Outdoor lifestyle brand to open hot spring resort
Japanese outdoor lifestyle brand Snow Peak is opening a hot spring resort in their hometown of Sanjo City, Niigata.
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More news on the redevelopment project surrounding the Imperial Hotel
Additional details on the Uchisaiwaicho 1 Chome District Redevelopment have been released. The 6.5-hectare site is across the street from Hibiya Park and includes the Imperial Hotel.
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Hoshino Resorts to open 3 hotels in Kyoto this year
Boutique luxury hotelier Hoshino Resorts will be opening three hotels in Kyoto this year under their new OMO brand. The brand provides affordable city hotels targeting urban tourists.
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