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Other Disclosures3242URBANET CORPORATION CO.,LTD.Real Estate

Development Begins on an Apartment Hotel in Akasaka, Tokyo — Capturing Inbound Demand for Medium- to Long-Term Stays Through Location and Product Appeal

Development has begun on an apartment hotel in Akasaka, Minato-ku, Tokyo. In collaboration with companies specializing in hotel operations, design and real estate investment management, the project is intended to meet medium- to long-term stay demand, primarily from inbound visitors, and is scheduled for completion in 2028.

Worth reading
58In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
50
Rooms (planned)
Wording
Conditional
How definitive the wording is.

Announced details

Akasaka Project (apartment hotel) / hotel brand name: Not disclosed
Applicable field (uses covered by this announcement)

Tourism and business, inbound travel, medium- to long-term stays, single-occupant business use, and family and group accommodation

Relationship between the counterparty and the company
URBANET CORPORATION CO.,LTD.3242
Relationship with the Company

Our company is the development entity. 株式会社セクション L will operate the hotel, UDS株式会社 will handle the design, and ケネディクス株式会社 is the planned buyer. We will collaborate with each company. Capital and personnel relationships: Not disclosed.

Counterparty株式会社セクション LUDS株式会社ケネディクス株式会社

株式会社セクション L: WeWork Kanda Square, 2-2-1 Kanda-Nishikicho, Chiyoda-ku, Tokyo; Representative Director Howard Ho; established in 2020; develops lifestyle and apartment hotels. UDS株式会社: 1F Yoyogi NT Building, 2-28-7 Yoyogi, Shibuya-ku, Tokyo; President and Representative Director Nakahara Norihito (中原典人); established in 2009; plans, designs, constructs and operates hotels and other properties. ケネディクス株式会社: 2-1-6 Uchisaiwaicho, Chiyoda-ku, Tokyo; President, Representative Director and COO Teramoto Hikaru (寺本光); engaged in asset management, asset operations and fund investment businesses, among others.

Location (as indicated in this announcement)

Akasaka, Minato-ku, Tokyo

50 guest rooms (planned), with room sizes ranging from 23 m² to 58 m²

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Announced details
ItemDetails
Names of Products / Services CoveredAkasaka Project (apartment hotel) / hotel brand name: Not disclosed
Counterparty株式会社セクション L, UDS株式会社, ケネディクス株式会社
Counterparty overview株式会社セクション L: WeWork Kanda Square, 2-2-1 Kanda-Nishikicho, Chiyoda-ku, Tokyo; Representative Director Howard Ho; established in 2020; develops lifestyle and apartment hotels. UDS株式会社: 1F Yoyogi NT Building, 2-28-7 Yoyogi, Shibuya-ku, Tokyo; President and Representative Director Nakahara Norihito (中原典人); established in 2009; plans, designs, constructs and operates hotels and other properties. ケネディクス株式会社: 2-1-6 Uchisaiwaicho, Chiyoda-ku, Tokyo; President, Representative Director and COO Teramoto Hikaru (寺本光); engaged in asset management, asset operations and fund investment businesses, among others.
Relationship with the CompanyOur company is the development entity. 株式会社セクション L will operate the hotel, UDS株式会社 will handle the design, and ケネディクス株式会社 is the planned buyer. We will collaborate with each company. Capital and personnel relationships: Not disclosed.
Applicable areaTourism and business, inbound travel, medium- to long-term stays, single-occupant business use, and family and group accommodation
LocationAkasaka, Minato-ku, Tokyo
Location scale50 guest rooms (planned), with room sizes ranging from 23 m² to 58 m²
Items this document does not state (11)
Contract ValueOffering priceContract DateLaunch dateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateQuantitative EffectsUsage historyImpact on Business PerformanceSource

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To capture medium- to long-term tourism and business stay demand, primarily from inbound visitors, by leveraging Akasaka's convenient transportation links and concentration of government offices, embassies and companies. The project will combine the expertise of each partner to balance the hotel's appeal with real estate value.

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Development Begins on an Apartment Hotel in Akasaka, Tokyo — Capturing Inbound Demand for Medium- to Long-Term Stays Through Location and Product Appeal | URBANET CORPORATION CO.,LTD. (3242) timely disclosure | Komori