Kanazawa hotel market reaches over-supply

Kanazawa’s hotel market is rapidly reaching over-supply as developers move to cash in on growing tourist numbers. 

The city saw a surge in developments following the extension of the Hokuriku Shinkansen route connecting Nagano and Kanazawa in 2015. The number of hotel rooms in the city has increased by 20% since then. Demand, however, has yet to catch up.

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Yokohama’s modernist City Hall to be converted into hotel

A leading example of modernist architecture in downtown Yokohama will be preserved and incorporated into a large-scale office and hotel project.

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Orix to open 70-room hot spring resort in Hakone

On August 7, Orix Hotels & Resorts announced that they are opening a 70-room hot spring resort near Gora Station, Hakone, in late 2020.

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Real estate developers are bringing luxury hotels to Japan

With a shrinking residential property market nationwide and an office market that is limited to prosperous city centers only, Japan’s real estate giants have to diversify in order to survive. That diversification is coming from developing hotels.

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Tokyo hotel pricing heats up for 2020 Olympics

Hotel Okura Tokyo

With less than a year to go until the 2020 Summer Olympics, accommodation options for visitors and volunteers are already extremely thin and price hikes have started. 

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Kyoto hotel guests reach record high in 2018

US-based Travel + Leisure magazine has ranked Kyoto as one of the top 10 World’s Best Cities for the past seven years, so it is no wonder that in 2018 the number of hotel guests in Kyoto reached the highest number in history. The historic city welcomed 15.82 million hotel guests, up 1.6% from 2017 and the second year in a row to exceed 15 million. 

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Moxy Hotel to open near Nijo Castle

Marriott International is planning a Moxy Hotel for the Nijo Castle area in Kyoto City. Construction began in July, with the opening scheduled for 2021. This will be the third Moxy hotel in Japan and the first in Kyoto.

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Small hotels for sale in Tokyo

For investors looking to dip their toes into the hotel pool, there are several hotels and hostels currently for sale in Tokyo. These range from small 2-storey wooden houses that have been converted into minpaku-style accommodation, 10 ~ 15 room hostels, right up to more contemporary hotels featuring exposed concrete, high ceilings and trendy lounges and guest rooms.  The properties tend to be centered in popular tourist districts, including Asakusa and other areas around eastern Tokyo. Prices currently range from 100 million ~ 1.2 billion Yen and up (approx. 925,000 ~ 11 million USD), while net yields run anywhere from 4% ~ 9% depending on the property. 

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Beachfront villas on Amami Island open this month

A new boutique-style beachfront resort on Amami Island officially opened on July 10. DenPaku The Beachfront MIJORA is a collection of 13 contemporary oceanfront villas. They were designed by Yasuhiro Yamashita of Atelier TEKUTO.

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Shangri-La buys land next to Nijo Castle

Good news coming out of Kyoto last week with word that Shangri-La Group has acquired a large development site on the northern side of Nijo Castle in Kyoto. The 4,700 sqm site is about 100 meters west of our restored machiya townhouse.

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