Tokyo urban development plan includes a 120-key hotel

The Toranomon-Azabudai Project is scheduled to open in March 2023. Photo credit: Mori Building Co.

Mori Building Co. has begun construction on its Toranomon-Azabudai District Category 1 Urban Redevelopment Project, a massive urban regeneration development in central Tokyo, slated to debut in March 2023.

The Toranomon-Azabudai Project is meant to create a “unique people-centered space” combining offices, residences, a 120-room hotel (as yet unbranded), a school, retail, restaurants and cultural facilities. The project is expected to cover an area of approximately 20 acres, similar in scope to New York City's Rockefeller Center.

The complex will be energy-efficient, with all of its electricity supplied from renewable sources. Tokyo-based Mori Building also will apply for project certification under the Well Building Standard of the International Well Building Institute.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Taking its location into consideration, the physical structures of the building will incorporate seismic designs and technologies, with dedicated power stations supplying electricity to the whole neighborhood. The project is expected to remain operational even after a disaster on par with the Great East Japan Earthquake and tsunami in 2011.

Suggested Articles

Should all new hotels open as scheduled in the next two years, Europe's current count of 2,885,630 guestrooms will grow 7 percent.

The Meliá Varadero Internacional Hotel's first rooms opened in February, and new services and facilities have soft-opened since then.

A new report shows an uptick in the value of mixed-use property deals in H1.