Seibu Holdings Inc. said Thursday it will open a new luxury hotel, The Prince Gallery Tokyo Kioicho, on July 27 on the site of the Grand Prince Hotel Akasaka, formerly known as the Akasaka Prince Hotel.
In collaboration with major U.S. hotel chain Starwood Hotels & Resorts Worldwide Inc., the railway, bus and hotel conglomerate aims to improve customer service and claim a bigger piece of the rapidly expanding tourism pie in Japan.
The hotel will occupy floors 30 to 36 of Tokyo Garden Terrace, a commercial and business complex being built on the same site in Chiyoda Ward. Room rates will range from ¥70,000 to ¥700,000 per night, including consumption tax and service charges.
By making it a member of The Luxury Collection, the top-level hotels of the Starwood group, Seibu Holdings hopes the new inn will enjoy better name recognition with foreign tourists. The company expects foreign guests to account for 60 percent of its occupancy in fiscal 2017 and 70 percent in fiscal 2018.