Oakwood announced the expansion of its presence in Japan with the signing of a management agreement with Tekko Building Co. Ltd. to develop and operate the eighth Oakwood branded serviced apartment in Tokyo in 2015.
Oakwood has nearly 25,000 apartments in North America, the Middle East, Asia and Europe. In Asia Pacific, it is represented in 14 cities and seven countries, including Japan where it opened its first property 10 years ago.
The property will carry the name Oakwood Residence Tokyo and is expected to operate with a hotel license. It is scheduled to open in the spring of 2015 and be fully operational by the fall of the same year. It will offer 123 fully furnished and fully equipped serviced apartments ranging from studios to three bedrooms catering to both short and extended stay needs.
Located adjacent to the Yaesu entrance of Tokyo station, it is a central point for nearly 400,000 commuters daily. Aside from accessibility, the building will have an airport limousine bus terminal for Haneda and Narita airport, a waiting lounge, basement car park, retail shops and dining outlets.
Tekko Building Co. Ltd. provides services in real estate asset management, construction, trading, cable television business and transportation.
Oakwood's Japan property, Oakwood Premier Tokyo Midtown