Kasumigaseki Capital Co.,Ltd. plans to build a 12-story hotel with 105 guest rooms near Nouren Plaza in Higawa, Naha. Construction is scheduled to begin in November, with opening planned for summer 2029.
Kasumigaseki Capital Co.,Ltd. has announced plans to build a 12-story hotel near Nouren Plaza in Higawa, Naha. The hotel will have 105 guest rooms, with construction scheduled to begin in November and opening targeted for summer 2029. Development will proceed through the establishment of a special purpose company.
The company will carry out the development through a silent partnership, with Japan Airlines participating as an investor. The initial funding structure is a silent partnership, including an investment from JAL.
This will be Kasumigaseki Capital Co.,Ltd.'s second hotel development in Okinawa Prefecture, following Seven x Seven on Ishigaki Island. The company also plans to build hotels in Miyakojima, Irabujima and Matsuo, Naha.
A company representative said the company is pursuing hotel openings in Okinawa, where tourism demand is strong, and emphasized the site's convenient location within walking distance of Kokusai Street.