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H-002The Ritz-Carlton, Kyoto

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  4. The Ritz-Carlton, Kyoto
Location Kamogawa Nijo-Ohashi Hotori, Nakagyo-ku, Kyoto-shi, Kyoto
Acquisition price 17,800 million yen
Structure / Floors RC with stainless steel sheet roof / B3F/5F
Total floor area 23,461.39 ㎡
Total leasable area 9,384.56 ㎡ (Note)
Completion October 2013
  • Represents the area calculated by multiplying the total leasable area of the building of 23,461.39m2 by the ratio of quasi-co-ownership interest held by SHR (40%), as rounded to the nearest second decimal place.

Property Characteristics

The Property is located in Kyoto-shi, a market where further growth is expected owing to stable domestic demand and inbound demand as Japan’s leading tourist city. The Property, situated on the bank of the Nijo-Ohashi Bridge on the Kamogawa River that flows from north to south of Kyoto-shi, is in a rarely-found location suitable for urban-type resort hotels which is close to the famous entertainment districts in Kyoto such as Gion, Kawaramachi and Ponto-cho, and offers a scenic view of the Higashiyama Sanju-Roppo mountain range that runs between the Kamogawa River and Mount Hieizan. Additionally, the Property is located approximately six minutes on foot from Sanjo Station on the Keihan Main Line. It is close to major tourist sites in Kyoto such as the Kyoto Imperial Palace and Nijo Castle and to Kyoto city office, and suitable for guests staying for either sightseeing or business.
SHR believes that the combination of “The Ritz-Carlton, Kyoto” in the “rarely-found favorable location of scenic beauty” in Kyoto-shi, a world’s popular tourist destination, has extremely strong appeal to wealthy individuals and tourists visiting Japan.

The Ritz-Carlton is the highest-end brand of the Marriott Hotel Group, one of the world’s leading hotel chains, and has been renowned for its luxury hotels, with successful hotel operations in many countries around the world and hotel management know-how of an international standard. The Property has also been highly praised by third parties since its opening in February 2014 as The Ritz-Carlton, Kyoto, including becoming the first hotel in the Kansai region to win a Five Star award from Forbes Trabel Guide.
The building of the Property was newly constructed in 2013 by Sekisui House, the sponsor of SHR. It adopts an exterior design harmonizing with the historical surrounding environment, while trying to fuse Japanese tradition with contemporary Western style. The Property has luxury specifications that match the brand image of The Ritz-Carlton, with four gardens created based on the concept of inheriting the history of Kyoto, and high-quality space arranged with the essence of the traditions and cultures of Kyoto and displaying many artworks selected based on the concept of The Tale of Genji. The total number of guest rooms is 134, and the average floor area of the guest rooms is 50m2. The Property also offers hospitality of the highest standard in its restaurants, banquet rooms and spas.

Related News

Jan. 31,2019
Notice Concerning Completion of Acquisition of Trust Beneficiary Interest in Domestic Real Estate (The Ritz-Carlton, Kyoto and MAST Ijiri) PDF ( PDF: 164KB)
Jan. 29,2019
Notice Concerning Acquisition of Trust Beneficiary Interest in Domestic Real Estate (The Ritz-Carlton, Kyoto and MAST Ijiri) PDF ( PDF: 1.3MB)

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