HOTEL BUSINESS

Competitive Advantages

  • We are leveraging our development expertise and the tenant relationships we have built by handling diverse real estate assets as a comprehensive developer in order to acquire sites for hotels and promote hotel development.
  • Applying more than 30 years of hotel management experience with the Royal Park Hotels brand, we have been expanding our networks of full-service hotels and accommodation-oriented, limited-service hotels.
  • In our airport management operations, we are making full use of the experience we have gained with the development and management of diverse commercial facilities and the knowledge gained in businesses related to demand from inbound visitors to Japan in our outlet and hotel operation businesses.
  • PAGE TOP

Business Strategies

  • In the Hotel Business, our main focus is the development of hotels under the Royal Park Hotels brand on sites we have acquired ourselves. We also actively look to lease properties to other operators and generate capital gains through the sale of properties after holding them for a certain period of time.
  • With the Royal Park Hotels brand, we aim to steadily increase operating income by improving the operating income ratio at existing hotels while actively expanding hotel networks by leasing properties developed by other companies as well as utilizing various schemes, including management contracts and franchise contracts.
  • In our airport business, we aim to unearth demand by enhancing the appeal of airports and their surrounding areas by working with appropriate partners and applying our experience in urban development and the management of commercial facilities.

Revenue from Operations,Operating Income / Operating Income Ratio

  • PAGE TOP

TOPICS

In April 2018, we established the Hotel & Airport Business Group in order to respond to strong demand for accommodations and accelerate the expansion of the Hotel Business, reinforce the activities of the Airport Operation Business, and generate synergies between the two.

In the Hotel Development Business, two properties were completed in fiscal 2018. Plans are also moving ahead to develop hotels in Sakaisuji in Osaka and Asakusa in Tokyo, and elsewhere. In the hotel management business under the Royal Park Hotels brand, we plan to open more properties following the opening of a new hotel in Kyoto’s Shijo District in April 2018, including those in Midosuji, Osaka, and in Ginza, Tokyo.

In the Airport Business, we began commercial operation of Takamatsu Airport in April 2018. At Shimojishima Airport in Okinawa Prefecture, we are moving ahead with construction work on passenger terminal facilities prior to the start of operations scheduled for March 2019. In addition, we concluded an agreement with the local authorities in Shizuoka Prefecture with a view to the private operation of Mt. Fuji Shizuoka Airport from April 2019.

Picture: CG rendering of Takamatsu Airport in the future

CG rendering of Takamatsu Airport in the future

  • PAGE TOP

CORPORATE INFORMATION

  • A MESSAGE FROM THE MANAGEMENT
  • ABOUT MITSUBISHI ESTATE
  • PROFILE OF MITSUBISHI ESTATE
  • CORPORATE BRAND
  • SAFETY AND SECURITY
  • CORPORATE GOVERNANCE
  • GROUP COMPANIES