60 billion Yen luxury resort project for Okinawan island
Keihan Real Estate, a subsidiary of rail-related Keihan Group, along with several other companies, is planning a 60 billion Yen (US$415 million) hotel resort project on Okinawa’s Minna-jima Island. Other project participants include Tokyo-based design firm Koikedesign Group, and Naha-based real estate firm ZEKKEI.Read more
Once-bankrupt resort hotel finds Hong Kong buyer
A Hong Kong-based tech and investment firm has acquired the Awashima Hotel in Shizuoka. This resort hotel is located on a small, uninhabited island off the coast of Numazu, with guests ferried over from the mainland.Read more
Raffles to open luxury hotel in Tokyo in 2028
On July 22, the World Trade Center Building, Kajima Corporation, Tokyo Monorail, and JR East announced that Raffles will be opening their first hotel in Japan in the World Trade Center Building redevelopment project.Read more
Luxury apartments and hotel planned for Yokohama high-rise
A high-rise tower containing luxury rental apartments and an internationally-branded hotel is set to open in Yokohama in 2027. On April 10, Sumitomo Realty & Development announced details of what’s planned to go in its 40-story mixed-use project located in the Kitanaka district near Bashamichi Station.Read more
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