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CapitaLand Ascott Trust Acquires Two Japanese Hotels

The two hotels are ibis Styles Tokyo Ginza located in the country’s capital and Chisun Budget Kanazawa Ekimae situated in Kanazawa, one of the top tourist destinations amongst domestic travellers in Japan.

ibis Styles Tokyo Ginza is located within the capital city’s premium shopping and entertainment district. The 224-unit hotel is next to Ginza Six, a popular high-end retail mall and the well-known Uniqlo global flagship store in Ginza is just a stone’s throw away. The Ginza Wako clock tower, an iconic landmark in the district, is less than a 10-minute walk away. A plethora of retail and dining options are located around the property’s immediate vicinity. Guests can access Tokyo’s subway network easily via the Higashi Ginza or Ginza station, both about a six- to eight-minute walk away.

The 392-unit Chisun Budget Kanazawa Ekimae is situated in Kanazawa, in the northwest of Japan. Similar to Kyoto, the city is well known for its historical attractions, traditional landscaped gardens and cultural icons which guests can access easily. These include the Kanazawa Castle, Kenrokuen Garden and heritage geisha and samurai districts featuring preserved architectural designs from Japan’s Edo period. Kanazawa is also known for its premium seafood given its coastal location. The property is a 10-minute drive to the city’s central business district as well as to event and sports venues. It is within a five-minute walk to the Kanazawa train station, connecting guests to other major cities in Japan via the Shinkansen, the country’s high-speed rail system. The city also has flight connections with Seoul, Shanghai and Taiwan.

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