Ace Hotel to open hotel in Kyoto’s historic Shinpukan building
Ace Hotel, a boutique hotel chain headquartered in Portland, is making its first foray in the Asian market with the opening of a hotel in Kyoto next year. The 213-room Ace Hotel Kyoto will be the main part of the historic Shinpukan redevelopment. With architect Kengo Kuma leading the project’s design, the hotel will incorporate the existing building’s early 20th century architectural elements with contemporary styling. The building is the perfect fit for the hotelier’s brand which focuses on reviving and repurposing older and more character-filled buildings.Read more
Foreign tourists now make up 40% of hotel guests in Kyoto
A survey of 36 leading hotels in Kyoto has found that the percentage of foreign guests has exceeded 40% for the first time since reporting began in 2014. According to the Kyoto City Tourism Association, the share of foreign guests in 2017 was 40.5%, up 3.2 points from 2016. The busiest season for foreign tourists was April, with a share of 50.9%, up 5.3 points from the previous year.
The hotels reported an occupancy ratio of 88.8%, down 0.1 points from 2016. January, which is typically the worst month for tourism, had an occupancy ratio of 75.7%, up 4.3 points from 2016.Read more
Luxury hotel and condominium planned for Ebisu
Nomura Real Estate Development is planning a mixed-use hotel and condominium complex for a 4,000 sqm block of land near Ebisu Station in central Tokyo. Mixed-use hotel / apartment projects are quite uncommon in Japan, with one of the few examples being Mori Building’s Toranomon Hills tower in Minato ward.
Nomura acquired the site in March 2017 for 10.5 billion Yen through a public bidding process. It was previously a government-owned housing complex for civil servants. The government required the buyer to build both apartments and accommodation facilities as a condition of the sale.Read more
HULIC pays 60 billion Yen for Odaiba Hilton
Last December, real estate companies HULIC and Fuyo General Lease acquired the Hilton Tokyo Odaiba hotel for 60 billion Yen (approx. 552 million USD). The seller was US investment firm Elliott Management Corporation.
Aetos Capital acquired the hotel in 2007 from Japan Airlines for 25 billion Yen, before reselling it to Elliott. In 2015, Elliott transferred the operating rights to Hilton Worldwide and the hotel was renamed to Hilton Tokyo Odaiba.Read more
Shikoku Railway Co to develop guesthouses in Kyoto
Shikoku Railway Company (JR Shikoku) is planning to open traditional-style guesthouse accommodation in Kyoto to cater to the growing demand from foreign tourists.
Their first project is a group of three townhouses under construction on a 170 sqm block of land just south of Kyoto Station and 14 minute walk to Tofuku-ji Temple. The total project cost is estimated at 150 million Yen (approx. 1.4 million USD).Read more
Sheraton to open in Kagoshima City in 2022
Nangoku Corporation, a general trading company located in Kagoshima City, announced that they have signed an agreement with Marriott International for a Sheraton-branded hotel to be built as part of a large redevelopment of a city block. This will be the 2nd Sheraton to open in Kagoshima Prefecture and the 10th in Japan.Read more
Imperial Hotel up for potential redevelopment?
A nearby acquisition by Mitsui Fudosan has some industry experts suggesting that the 1100-room Imperial Hotel near Hibiya Park in downtown Tokyo may be slated for future redevelopment.
The hotel includes the main building that was built in 1970 along with a 31-storey office/hotel building at the rear that was completed in 1983. By the time of the 2020 Summer Olympics, the main building will be 50 years old. With a booming tourism industry, many of Japan’s top hoteliers are expanding, refurbishing or redeveloping their older hotels.Read more