The opening Saturday of The Peninsula Tokyo in Yurakucho, Chiyoda Ward, marks yet another top foreign luxury hotel chain's foray into the capital of the world's second-largest economy.

Located near the Imperial Palace and Hibiya Park, The Peninsula Tokyo, with 314 rooms, including 47 suites, five restaurants and a spa, is a quick walk away from the glitzy Ginza shopping district.

"From Sept. 1, we have just one goal: to satisfy customers who will continue to return to the Peninsula Tokyo," General Manager Malcolm Thompson said during a media preview Tuesday.