Shirahama beachfront onsen to go up for sale in January
A town-owned onsen hotel in Wakayama Prefecture’s Shirahama district will go up for sale next month, with an appraised value of just 7.6 million Yen (approx. US$50,000).Read more
10 billion Yen hotel demolished in Hamamatsu
A hotel that was built at a cost of 10 billion Yen during the bubble era in the 1980s has been demolished. This was around US$70 million in those days, using the currency conversion rate in 1987 of 1 USD : 144 Yen.Read more