Weekly Hotel Industry Asia Pacific News Roundup from HVS
TRIAD Acquires ANA Crowne Plaza Hotel Kyoto via Real Estate Crowdfunding
Japan-based TRIAD Co., Ltd (“TRIAD”) has just acquired the 291-key ANA Crowne Plaza Hotel Kyoto (“ANACPHK”), by raising a staggering JPY7.2 billion through real estate crowdfunding ‘COZUCHI’. Launched in 2019, COZUCHI has managed to raise over JPY22 billion, with its goal to achieve total assets of JPY100 billion and acquire JPY1 billion worth of real estate assets. The ANACPHK is situated opposite of the prominent UNESCO World Heritage site Nijo-Castle and a minute walk away from Nijojo-mae Subway Station. The property is managed by UK-based IHG Hotels & Resorts and consists of six restaurant and bars, ten meeting rooms, a fitness centre, an indoor pool and sauna.
Aman to Open its First Sister Brand Hotel, Janu, in Tokyo
Switzerland-based Aman Resorts (“Aman”) is set to debut its sister brand, Janu, in Tokyo this autumn 2023. Janu Tokyo will be a 13-storey building with 122 guest rooms, with majority of the rooms having private balconies that faces at the Tokyo Tower. Janu Tokyo will also feature the Janu Wellness Centre that span over 4,000 square metres, making it the largest luxury hotel wellness centre in Tokyo. Next to the Janu Tokyo, the Aman Residences will also be opening in 2024, featuring 91 apartments and a 1,400 square metres Aman Spa.
Former Metropolitan YMCA Residences Rebranded as The Assembly Place’s First Service Apartment
Singapore-based The Assembly Place (“TAP”) will open its first service apartment at 58 Stevens Road – The Assembly Place @ Stevens (“TAPS”). Rebranded from the former Metropolitan YMCA Residences, the 27-key TAPS is located seven minutes’ walk away from the Stevens MRT station and within a short distance to Orchard Road. TAPS will be the first out of the four service apartments that will be launched under the TAP brand this year. A total of 1,500 rooms are expected to be in operation for TAP by June 2023.
Good Housing Plans to Develop a 15-storey Co-living Development in Newcastle, Australia
Australia-based Good Housing (“GH”) has announced its plan to develop a 15-storey co-living apartment in Newcastle, Australia. Located at 28 Denison Street, the proposed property will be in walking distance to the Newcastle Interchange Railway Station. Each of the 72 co-living unit will have their own private space, but also access to facilities such as communal kitchens, indoor and outdoor communal space such as a roof terrace. Co-living was introduced into the New South Wales Housing Policy in 2021, and it is eligible for a density bonus of 10 percent until August 2024.
HVS is the world’s leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com.