Two art hotels to open in Okayama
To coincide with the triennial Okayama Art Summit 2019 which runs from September 27 to November 2, two new architect-designed boutique hotels have opened up in Okayama City. Both buildings were designed in collaboration between Japanese architects and foreign artists.
Kyoto hotel sells for US$42 million
Ichigo Hotel REIT has sold Hotel Vista Premio Kyoto to an undisclosed domestic buyer for 4.5 billion Yen (approx. 42 million USD). The 6-story, 84-room hotel has a total floor area of 3,867 sqm and was built in 2008.
Orix to open 70-room hot spring resort in Hakone
On August 7, Orix Hotels & Resorts announced that they are opening a 70-room hot spring resort near Gora Station, Hakone, in late 2020.
Real estate developers are bringing luxury hotels to Japan
With a shrinking residential property market nationwide and an office market that is limited to prosperous city centers only, Japan’s real estate giants have to diversify in order to survive. That diversification is coming from developing hotels.
Kyoto hotel guests reach record high in 2018
US-based Travel + Leisure magazine has ranked Kyoto as one of the top 10 World’s Best Cities for the past seven years, so it is no wonder that in 2018 the number of hotel guests in Kyoto reached the highest number in history. The historic city welcomed 15.82 million hotel guests, up 1.6% from 2017 and the second year in a row to exceed 15 million.