Singapore property group opens hotel in Kyoto

Noku Kyoto 1Singapore’s Roxy-Pacific Holdings Limited opened their first hotel in Japan on November 16. The ‘Noku Roxy’ is located near the Kyoto Imperial Palace grounds and just above Marutamachi Station.

Roxy acquired the existing 21-year old hotel, formerly called the ‘Tokyu Hotel Harvest Kyoto’, in October 2014 and have refurbished the interior and exterior. The property had previously been acquired by Ken Corporation in January 2014. 

The 6-storey building has 82 rooms ranging from 20 ~ 51 sqm. Room rates will start from 20,000 Yen per night, and the company is targeting an operating ratio of 60 ~ 70% in the first year of operations.

Noku Kyoto 2
Before [left] and after [right] the refurbishment. 
Sources:
Construction News, March 17, 2015.
The Sankei Shimbun, November 13, 2015.

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