Pacifica Capital to Open Marriott’s First Moxy Hotel in Japan

11-Jan-2017 Intellasia | BusinessWire | 12:38 PM Print This Post

TOKYO–(BUSINESS WIRE)–Tokyo-based commercial real estate developer Pacifica Capital K.K. has
signed a management contract with Marriott International to open Japan’s
first location for the young, fast-growing brand “Moxy Hotels” in
November 2017.

The property, to be known as “Moxy Tokyo Kinshicho Hotel”, is a short
walk from Kinshicho, one of Tokyo’s busiest train stations and near some
of the capital’s major tourist attractions such as Asakusa and Tokyo Sky
Tree. It is also within a block of an expressway onramp making the
property convenient to Haneda and Narita airports as well as Tokyo
Disneyland. The hotel will have 205 rooms ranging 18-28 m2,
large, attractive and comfortable food and beverage facilities, a gym
and meeting rooms.

Launched in 2014, Moxy is a boutique hotel concept targeted at
Millennials using the latest technology and a strong emphasis on fun and
useful public areas with comfortable space to eat, drink, work and
communicate 24/7. Currently, there are 7 Moxy hotels open in the U.S.
and Europe and a strong development pipeline.

In 2016, international visitors to Japan grew by 20% to a record 24
million, more than 80% of which came from Asia. With the Summer Olympics
coming to Tokyo in 2020, the Japanese government doubled its 2020
inbound visitor target to 40 million people and experts predict a
massive accommodation shortage.

Pacifica’s 100% subsidiary, American Hotel Management K.K. will operate
the hotel with key personnel to be seconded by Marriott. “I love the
Moxy concept” said Seth Sulkin, President & CEO of Pacifica Capital K.K.
“Tokyo desperately needs boutique hotels at an affordable price where
people actually enjoy staying. We think Moxy fills a huge gap between
basic business hotels with cramped rooms and luxury hotels at prices
beyond what most people can afford to pay.”

Property Summary:

Address: 3-4-2 Kotobashi, Sumida-ku, Tokyo
Land area: 1,247.53 m2
Building
area: 7,465.68 m2
Completed: April 1988
Structure:
two basement levels, 10 floors above ground

About Pacifica: Founded in 1995, Pacifica Capital is one of Japan’s
leading foreign-capital real estate developers. It has a strong track
record in development of hotels, shopping centers and mixed-use
properties as well as utility-scale solar plants.

Contacts

For further information on this property or to introduce land and
buildings to Pacifica:
Pacifica Capital K.K.
Ms. Ai Tanaka,
+81-3-5549-9033
tanaka@pacifica-cap.com

 


Category: BusinessWire, PRAsia

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