HOTEL BUSINESS

Overview

The hotel management business operates 16 hotels nationwide* under the Royal Park Hotels brand and the Marunouchi Hotel in the Marunouchi area, aiming to improve brand value through the implementation of management focused on customer satisfaction. We will address diversifying customer needs by continuing to increase new hotel openings.
In addition, to meet the robust and diverse accommodation needs of late, the hotel development business engages in hotel development across a wide range of categories matching location characteristics, by working together with hotel operators in Japan and overseas, including Royal Park Hotels and Resorts Co., Ltd., of the Mitsubishi Estate Group.

* As of August 2021

  • PAGE TOP

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.
  • PAGE TOP

Business Strategies

  • We focus on the development of hotels under the Royal Park Hotels brand on sites we have acquired ourselves while actively looking 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 opening three to four new hotels on a yearly basis through the leasing of properties developed by other companies and the utilization of various schemes, including management contracts and franchise contracts.

Business Strategies

  • PAGE TOP

Progress on the Long-Term Management Plan 2030

Promotion of a New Hotel Development Business in Miyakojima, Okinawa

On a joint basis with KAJIMA CORPORATION, we are advancing the development of the Hilton Okinawa Miyakojima Resort with the aim of a summer 2023 opening, marking Hilton’s first foray into an outlying island in Okinawa.
We have also concluded a contract with Rosewood Hotels and Resorts, L.L.C., an operator of ultra-luxurious hotels and resorts, under which we will outsource the management of the Rosewood Miyakojima Hotel. Targeting an opening date in 2024, this hotel will be developed by Mitsubishi Estate and managed by Rosewood Hotels and Resorts.
In addition, we are proceeding with the tentatively named Naha-shi Nishi 1-chome Project, our first hotel development project in the city of Naha, which we aim to open in spring 2022. In this project, the hotel will be leased to and managed by Nest Hotel Japan Corporation, whose flagship brand is the Nest hotel.

Rendering of the Hilton Okinawa Miyakojima Resort

Rendering of the Hilton Okinawa
Miyakojima Resort

Sustainability Initiative

Use of Local Timber at The Royal Park Canvas Sapporo Odori Park

Scheduled to open in October 2021, the Royal Park Canvas Sapporo Odori Park, which actively utilizes Hokkaido-produced timber, is the first high-rise, hybridwooden hotel in Japan. This hybrid-wooden construction consolidates the Mitsubishi Estate Group’s accomplishments to date in promoting the use of timber in buildings: the upper floors are made completely of wood; the low and middle floors have reinforced concrete ceilings using wood; and one of the middle floors has a hybrid of reinforced concrete and wood. Approximately 80% of the timber used in the hotel’s structural materials was produced in Hokkaido (approximately 1,050 m3), thereby contributing to the development of local industry and the recycling of forest resources. In addition, the building was selected for inclusion in the Ministry of Land, Infrastructure, Transport and Tourism’s (MLIT’s) pilot projects for sustainable buildings (wooden structure) in the second round of invitations for candidate projects in FY2020.

Lounge using Hokkaido-produced timber in its interior

Lounge using Hokkaido-produced timber in its interior

  • 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