Pacifica Capital K.K., a Tokyo-based commercial real estate developer, has announced a Langham-branded luxury hotel to be located in Tokyo’s central business and entertainment district of Roppongi, consisting of 4,000 square meters of land. Pacifica identified the site in early 2014 and spent more than a year formulating a development plan and negotiating with the land owners.
Pacifica selected Great Eagle Holdings Limited, a Hong Kong listed developer, to own and operate the project and advised Great Eagle on the development plan and land acquisition.
“Stand-alone luxury hotels are a rarity in Tokyo, so we are pleased to have put together what will become a landmark project,” said Seth Sulkin, president & CEO of Pacifica. “This was an incredibly complex and difficult project to arrange. It is our first project after entering the hotel development business in 2014, and the start of many more to come.”
A purchase and sale agreement for the land was executed on July 31, 2015 by an affiliate of Great Eagle. Acquisition of the land will be completed by December 22, 2015. The project will become the first Langham hotel in Japan.
Pacifica Capital K.K. is one of the leading foreign capital developers in Japan. Since 2014, Pacifica’s primary focus has shifted to the development and acquisition of mid-range and luxury hotels in Tokyo and other major Japanese cities.