Keihan Real Estate to develop machiya guesthouses in Kyoto
On December 6, Keihan Real Estate announced plans to enter the machiya guesthouse business in Kyoto City. The company, along with Tokyo-based real estate flipper Intellex, plans to invest 2 billion Yen (approx. 18 million USD) in restoring 10 guesthouses over the next year.
Imperial Hotel sets its sights on Kyoto
On November 28 it was reported that Imperial Hotel, Ltd. is looking to open an Imperial Hotel in Kyoto City. A major contender for the new hotel is the historic 82-year old Yasaka Kaikan building in the Gion district.
15th century home in Kyoto demolished
A traditional townhouse dating back to the 1400s in Kyoto was demolished at the end of August. The Kawai Residence, located alongside the Tenjin River in Nakagyo Ward, was the oldest surviving townhouse in the city.
Kyoto’s proposed short-term letting rules to be strictest in country
On November 30 Kyoto City announced their proposed regulations for Airbnb-style short-term rentals. To provide support for complaints and emergency situations, hosts may be required to have a full-time manager stationed in an office within an 800 meter radius of the property. Hosts may also be required to submit a written oath to the city stating that they have not been operating an unlicensed BnB within the past 3 months.
These regulations will over-ride the new nationwide law set to go into effect from June 2018 that will allow overnight stays in non-hotels for up to 180 nights per year.Read more
Residents in Kyoto neighborhood ban short-term rentals
Residents of the Shimoseizoguchicho address in Kamigyo Ward, Kyoto, have received city approval for neighborhood bylaws that will ban Airbnb-style rentals, apartment buildings and enforce strict height limits.
This is expected to be a model case for neighborhoods struggling with a rise in short-term accommodation facilities and apartment development.
Hublot moves into historic machiya in Gion, Kyoto
Swiss watch brand Hublot will be opening up a boutique in an old machiya-style townhouse in Kyoto’s famous Gion district on August 26. The previous tenant was Hermes.
The shop will feature custom Japanese washi paper and wickerwork replicating the company’s logo, while customers will receive Japanese-style folding fans as gifts.
Renovated machiya guesthouse in Kyoto makes 1 million Yen in first month
A renovated guesthouse located just 7 minutes from Kyoto Station has made a gross turnover of 1 million Yen (approx. 9,150 USD) in the first month of operations.
Yadoru Kyoto Washi-no-Yado is a 102-year old traditional Kyoto machiya-style townhouse that was given a full renovation and converted into a holiday rental. The occupancy rate for the month of July was over 97%. Over 80% of the guests have been foreign travelers, with visitors from China and Taiwan making up 60% of bookings.