Hilton to open above Akasaka Station
Mitsubishi Estate, TSB Holdings, and Hilton announced that the 174-room Canopy by Hilton Tokyo Akasaka is planned for the Akasaka 2•6 Chome District Redevelopment above Akasaka Station. This will be the first Canopy by Hilton property to open in the Kanto area and the third in Japan.Read more
Hilton Garden Inn to open in Nagasaki
On April 24, Daiwa House Industry announced plans to open the Hilton Garden Inn Nagasaki Chinatown in Nagasaki City. This will be the second Hilton-branded hotel in Nagasaki and the first Garden Inn property in Kyushu.Read more
Nagoya hotel sells for 7.7 billion Yen
One REIT acquired the trust beneficiary rights to the Comfort Inn Nagoya Sakae Ekimae hotel in March for 7.74 billion Yen. This is the REIT’s first acquisition of a hotel, following its 2024 announcement that it would be considering assets other than offices.Read more
Hotel owner looks to sell 205-room Okinawa property
The owner and operator of a 205-room hotel in Okinawa is considering selling it as they shift their focus to larger development projects on the island.Read more
REIT acquires minpaku building in Osaka
A REIT has acquired a ‘minpaku’ or short-term accommodation-registered apartment building in Osaka from its sponsor for approximately 2.5 billion Yen (US$16 million). The acquisition price works out to around 37 million Yen per key.Read more
Malaysian developer backs out of Okinawa resort project
Rising construction costs were cited for the recent withdrawal from a beachfront resort project in Okinawa by a Malaysian developer.Read more
Fukui opening up waterfront sites to bids from hotel developers
Fukui Prefecture has launched a project to attract luxury hotel and auberge developers to its scenic Wakasa Bay resort area.Read more