Aldo Rossi-designed hotel sold
A long-closed Aldo Rossi-designed hotel in Osaka has been sold. According to the Nikkei Real Estate Market Report, Sumitomo Mitsui Trust Panasonic Finance acquired the closed hotel late last year.Read more
Invincible to acquire six hotels for 57 billion Yen
Invincible Investment Corporation is acquiring six hotels and resorts across Japan for 57.23 billion Yen (US$410.5 million). The hotels contain a total of 1,027 rooms, and provide an estimated NOI of 5.9%.Read more
Caption by Hyatt to open in Nihonbashi
Nihonbashi’s ‘Wall Street’ will see a new hotel in the coming years, with the Caption by Hyatt Kabutocho Tokyo set to open in 2025. The 195-room hotel is being developed by Heiwa Real Estate, a major landlord in the Nihonbashi-Kabutocho neighborhood.Read more
An update on the long-awaited ‘Roppongi Hills 2’ project
It’s been a while since we had an update on the ‘Roppongi Hills 2’ project in Tokyo. Luckily, some more concrete project details were made public for online viewing between June 24 and July 3. Read more
Tokyo Commodity Exchange to be demolished
Demolition of former Tokyo Commodity Exchange Building in Nihonbashi-Horidomecho starts this month. The building is just 24 years old.Read more
Rihga Royal Hotel Kyoto changes hands in May
Kyoto hotels are back on the radar for major real estate firms and investors, as the historic former capital recovers from the pandemic. Last month, Mori Trust acquired the Rihga Royal Hotel Kyoto from Fortress Investment Group for an undisclosed price.Read more
Bulgari Hotel Tokyo opens
The Bulgari Hotel Tokyo officially opened on April 4, marking the hotelier’s first foray into Japan and the 8th Bulgari-branded hotel globally.Read more