Tokyo-based commercial real estate developer Pacifica Capital K.K. has signed a management contract with Marriott International to open Japan’s debut Moxy hotel in November.
The 205-guestroom Moxy Tokyo Kinshicho Hotel will be close to Kinshicho, one of Tokyo’s busiest train stations, and within a block of an expressway ramp, making the property convenient to Haneda and Narita airports as well as Tokyo Disneyland.
Pacifica’s 100-percent subsidiary, American Hotel Management K.K., will operate the hotel with key personnel to be seconded by Marriott. “I love the Moxy concept,” Seth Sulkin, president & CEO of Pacifica Capital K.K., said in a statement. “Tokyo desperately needs boutique hotels at an affordable price where people actually enjoy staying. We think Moxy fills a huge gap between basic business hotels with cramped rooms and luxury hotels at prices beyond what most people can afford to pay.”
The development is timely: In 2016, international visitor numbers to Japan grew by 20 percent to a record 24 million, more than 80 percent of which came from Asia. With the Summer Olympics coming to Tokyo in 2020, the Japanese government doubled its 2020 inbound visitor target to 40 million people and experts predict a massive accommodation shortage.