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Other Disclosures8803HEIWA REAL ESTATE CO.,LTD.Real Estate

Heiwa Real Estate and Hilton Plan to Open “Motto by Hilton Kyoto Shijo Karasuma” at the “Kyoto Shijo Karasuma Project (tentative name)” in FY2029

Heiwa Real Estate and Hilton have agreed on a plan to open Motto by Hilton Kyoto Shijo Karasuma in Shimogyo-ku, Kyoto. The hotel is scheduled to open in FY2029.

Worth reading
64In 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
108
Rooms (planned)
Wording
Conditional
How definitive the wording is.

Announced details

Motto by Hilton Kyoto Shijo KarasumaMotto by Hilton
Applicable field (uses covered by this announcement)

Hotel business; accommodation services for leisure and business travelers

Launch dateFiscal 2029 (planned)
Relationship between the counterparty and the company
HEIWA REAL ESTATE CO.,LTD.8803
Relationship with the Company

Heiwa Real Estate will serve as the project owner, while Hilton will operate the hotel. The two companies have agreed to proceed with the hotel’s development.

CounterpartyHilton

Headquartered in Virginia, U.S. Christopher J. Nassetta serves as President and Chief Executive Officer. Hilton is a hospitality company operating more than 9,400 hotels with approximately 1.4 million rooms in 144 countries and regions.

Location (as indicated in this announcement)

54 Tsukibokucho, Shijo-dori Shinmachi Higashi-iru, Shimogyo-ku, Kyoto

Site area: approximately 580 m²; total floor area: approximately 4,300 m²; 10 above-ground floors; 108 guest rooms in total (planned)

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

Announced details
ItemDetails
Names of Products / Services CoveredMotto by Hilton Kyoto Shijo Karasuma, Motto by Hilton
CounterpartyHilton
Counterparty overviewHeadquartered in Virginia, U.S. Christopher J. Nassetta serves as President and Chief Executive Officer. Hilton is a hospitality company operating more than 9,400 hotels with approximately 1.4 million rooms in 144 countries and regions.
Relationship with the CompanyHeiwa Real Estate will serve as the project owner, while Hilton will operate the hotel. The two companies have agreed to proceed with the hotel’s development.
Launch dateFiscal 2029 (planned)
Applicable areaHotel business; accommodation services for leisure and business travelers
Location54 Tsukibokucho, Shijo-dori Shinmachi Higashi-iru, Shimogyo-ku, Kyoto
Location scaleSite area: approximately 580 m²; total floor area: approximately 4,300 m²; 10 above-ground floors; 108 guest rooms in total (planned)
Items this document does not state (10)
Contract ValueOffering priceContract 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.

Heiwa Real Estate cites the expansion of its hotel business as part of its efforts to realize its long-term vision, WAY2040. It also aims to create spaces that draw on Kyoto’s regional appeal and provide travelers with accommodation experiences.

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Heiwa Real Estate and Hilton Plan to Open “Motto by Hilton Kyoto Shijo Karasuma” at the “Kyoto Shijo Karasuma Project (tentative name)” in FY2029 | HEIWA REAL ESTATE CO.,LTD. (8803) timely disclosure | Komori