Mori Trust acquires famous Kyoto hotel

Mori Trust announced on November 25 that they had acquired the site of Hotel Rantei in Kyoto from Kyoto Century Hotel for an undisclosed sum.

The traditional Japanese-style hotel has been closed since January, 2010, but will undergo a full refurbishment before being re-opened as a luxury hotel by 2013 – 2014. Once it is opened, they hope to attract wealthy domestic and foreign tourists.

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