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Top foreign hotel chains have set their sights on Tokyo, betting their respective brands of high-class luxury and innovative services will shake the local hotel market out of its doldrums.

Following the opening last April of the Grand Hyatt Tokyo in Minato Ward, the Ritz-Carlton, Hilton and Hong Kong-affiliated Mandarin Oriental Tokyo are set to debut from 2005 to 2008 in a market already saturated with swanky Japanese hotels.

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