Announced details
Hotels, accommodation, restaurants, lobby lounges and public spaces open to the local community
Avani Hotels & Resorts currently operates more than 40 hotels worldwide. Minor Hotels operates and is developing more than 640 hotels, resorts and branded residences in 63 countries.
TAISEI CORPORATION, HEIWA REAL ESTATE CO.,LTD. and MINOR INTERNATIONAL PCL. are joint venture partners. The 3 companies will establish a special-purpose company, which will lease the land from 株式会社京都新聞ホールディングス. ロイヤルマイナーホテルズ株式会社 is scheduled to operate the hotel.
MINOR INTERNATIONAL PCL. is a hospitality and leisure company listed on the Stock Exchange of Thailand. Minor Hotels operates and is developing more than 640 hotels, resorts and branded residences in 63 countries. 株式会社京都新聞ホールディングス is the land lessor. The locations, capital and years of establishment of the other counterparties are Not disclosed.
337 and other parcels, Shoshoim Otabicho, Karasuma-dori Ebisugawa-agaru, Nakagyo-ku, Kyoto
The impact on business performance is Not disclosed
The company does not address Contract Value / Offering price.
| Item | Details |
|---|---|
| Names of Products / Services Covered | “Avani Kyoto” (tentative name) (アヴァニ京都), Avani (アヴァニ) |
| Counterparty | TAISEI CORPORATION, HEIWA REAL ESTATE CO.,LTD., MINOR INTERNATIONAL PCL., 株式会社京都新聞ホールディングス, ロイヤルマイナーホテルズ株式会社 |
| Counterparty overview | MINOR INTERNATIONAL PCL. is a hospitality and leisure company listed on the Stock Exchange of Thailand. Minor Hotels operates and is developing more than 640 hotels, resorts and branded residences in 63 countries. 株式会社京都新聞ホールディングス is the land lessor. The locations, capital and years of establishment of the other counterparties are Not disclosed. |
| Relationship with the Company | TAISEI CORPORATION, HEIWA REAL ESTATE CO.,LTD. and MINOR INTERNATIONAL PCL. are joint venture partners. The 3 companies will establish a special-purpose company, which will lease the land from 株式会社京都新聞ホールディングス. ロイヤルマイナーホテルズ株式会社 is scheduled to operate the hotel. |
| Contract Date | November 2025 (establishment of the special-purpose company; the date the land lease agreement itself was signed is Not disclosed) |
| Launch date | Within fiscal 2029, ending March 2030 (scheduled) |
| Applicable area | Hotels, accommodation, restaurants, lobby lounges and public spaces open to the local community |
| Location | 337 and other parcels, Shoshoim Otabicho, Karasuma-dori Ebisugawa-agaru, Nakagyo-ku, Kyoto |
| Location scale | Site area: 3,894 m²; total floor area: approximately 23,000 m²; renovated building (former North Building): 8 floors above ground and 2 basement floors; new building (former South Building): 5 floors above ground and 1 basement floor; approximately 240 hotel rooms in total |
| Usage history | Avani Hotels & Resorts currently operates more than 40 hotels worldwide. Minor Hotels operates and is developing more than 640 hotels, resorts and branded residences in 63 countries. |
| Impact on Business Performance | The impact on business performance is Not disclosed |
Items this document does not state (7)
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.The project will preserve the area’s history by making use of the exterior and architectural features of the Kyoto Shimbun head office building, as well as the former rotary press room, and converting the property into a hotel with facilities open to the local community. The project will also respect Kyoto’s history and culture and undertake initiatives that give back to the local community.