Daily Newsletter

09 February 2024

Daily Newsletter

09 February 2024

LRE wins contracts for three luxury family hotels in Japan 

All three of these hotels will feature an on-site gym, kitchen, bathroom, laundry area, and workspace. 

Upasana Mukherjee February 08 2024

Lead Real Estate (LRE), a Japanese real estate developer, has received contracts for the construction of three luxury family-style hotels in Japan.  

The projects include ENT TERRACE ASAKUSABASHI, ENT TERRACE GINZA 3rd STREET and ENT TERRACE ISEJINGU. 

ENT TERRACE ASAKUSABASHI will be a nine-floor hotel in the country’s capital, Tokyo.  

It will be constructed from reinforced concrete and will feature six rooms.  

The building will cover an area of 4,523ft² while the land area will be 924ft².  

Construction for this property began last month. 

ENT TERRACE GINZA 3rd STREET, also located in Tokyo, will consist of seven above-ground floors and one basement.  

This property will have a building area of 4,493ft² and a land area of 906ft².  

Made from steel and reinforced concrete, the hotel will include six rooms, a restaurant, and shops. 

Construction is set to start in March 2024, with completion expected in October 2024. 

The third hotel, ENT TERRACE ISEJINGU, in Mie Prefecture, will be a four-floor property also made from reinforced concrete.  

It will have four rooms, a building area of 4,155ft², and a land area of 2,079ft².  

Construction of this property is scheduled to begin in May 2024. 

All three luxury family hotels will have an on-site gym, kitchen, bathroom, laundry area, and workspace. 

LRE CEO Eiji Nagahara said: “We are excited to receive these contracts. Family-type hotels are currently enjoying exceedingly high occupancy rates across Japan and usually remain fully booked shortly after opening.  

“Each of these three new properties will, we believe, maintain our standard for the most advanced hotel luxury, style, and safety, and are expected to add significant revenue for our company in the coming calendar year.” 

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