Mori Trust has won the bid to develop a hotel on the edge of Nara’s Yoshikien Garden and Nara Park.
Mori is planning to have architect Kengo Kuma design the buildings, and will be seeking out an international luxury hotel brand to operate the hotel.
The project will incorporate the existing former residence of the Nara Prefectural Governor which was built in 1922, as well as the former Seson-in Temple which was built during the late Edo period.
The development zone covers a 31,000 sqm site. The prefecture will retain ownership of the land and will receive a monthly land rent from Mori Trust of between 138 ~ 460 Yen per square meter.
Historic buildings and traditional landscaped gardens will be preserved, while new buildings will be limited to two-storeys with Japanese-style exteriors.
Nara Prefecture started a bidding process in December 2016. Mori Trust was one of three corporations that submitted proposals.
The Mainichi Shimbun, March 14, 2017.
Sankei Biz, March 15, 2017.
Construction News, March 15, 2017.