On February 4, Thai real estate developer Property Perfect announced plans to invest 100 billion Yen in their Kiroro Resort in Hokkaido over the next 10 years. The plans include expanding their ski facilities and building new luxury villas.
On February 7, Mitsui Fudosan released details on a luxury hotel planned for the eastern side of Nijo Castle in Kyoto.
Banyan Tree Hotels & Resorts has chosen Kyoto City as the location of their first hotel in Japan.
Mori Trust’s ‘Tokyo World Gate’ project in Toranomon, Tokyo, topped out earlier this month. The 180-meter tall mixed-use tower is expected to open in March 2020, forming an important piece of Toranomon’s transformation into a global business hub.
The Tokyo Metropolitan Government is firming up plans to redevelop the former Tsukiji Fish Market in downtown Tokyo into an international conference and exhibition center. Earlier rumors had suggested the site could become a sports stadium, shopping mall or a food-based theme park.
The last vestige of Hotel Okura’s modernist presence is in line to be demolished as redevelopment plans surface for the Hotel Okura Tokyo’s annex (South Wing).
On February 5, Aman Resorts International announced that they will open Aman Kyoto on November 1, 2019. This will be the third Aman hotel to open in Japan. Aman had been eyeing Kyoto as a key destination for the hotel brand since 2006.
First Cabin, a Tokyo-based developer and operator of capsule-style accommodation across Japan, announced plans to open a cabin-style hotel in a traditional machiya-style townhouse in Kyoto. The new hotel will open on March 28, 2019.
Real estate company HULIC has agreed to sell the Hilton Tokyo Odaiba hotel for 62.4 billion Yen (approx. 573 million USD) to the Japan Hotel REIT. The sale will take place in April 2019 and will represent the highest valued hotel held by a REIT within Japan.
In November 2018, a Gifu-based real estate company has purchased a historic Japanese inn at a public foreclosure auction. The winning bid was 42,790,000 Yen.