Kin Town in Okinawa announced on October 18 that they have signed a contract to lease beachfront land to Malaysian property developer Dijiaya Land Development.
The 10 hectare site is owned by the town and formed part of the former U.S. Marine Ginbaru Training Area, which was returned to the town last year. The land will be leased under a 100-year term.
Dijaya plan to develop a 200 room 5-star internationally branded hotel and a 180 room spa resort hotel. They will also develop houses and condominiums with a total of 200 ~ 400 rooms. Construction is scheduled to begin next year. It is estimated that Dijaya will invest 60 billion Yen (750 million USD) in the project.
*Update: In July 2013, Dijaya entered into an operating agreement with Hilton Hotels & Resorts to open a Hilton-branded hotel in the resort. The Hilton Okinawa Kin will be 9-storeys with 190 guest rooms. It is scheduled to open in 2016. Dijaya have also increased their total planned investment to 80 billion Yen.
The town also have plans to create sport and health facilities (including a thalassotherapy center) on the surrounding land.
Kin Town is approximately a 1 hour drive from Naha Airport.
Okinawa Times, October 19, 2012.
The Mainichi Shimbun, October 23, 2012.
Image via Kin Town homepage.
509 total views, 3 views today