Hyatt Hotels Corporation (NYSE: H) and Mori Building Co., Ltd. announced today that their affiliates have signed an agreement to launch Andaz Tokyo, the first Andaz hotel in Japan. When it opens in the summer of 2014, Andaz Tokyo will join the brand’s growing portfolio of boutique-style hotels in gateway cities and resort destinations around the globe. Strengthening the Andaz presence in Asia, the new hotel will unite the brand’s creative community focus and refined yet casual atmosphere with the seamless and personalized service for which Japan is known.
Andaz Tokyo will be the fourth Hyatt-branded hotel to open in Tokyo and the ninth to be established in Japan. Hyatt and Mori Building affiliates have collaborated on two other five-star properties in Asia: Park Hyatt Shanghai, which opened in September 2008, and Grand Hyatt Tokyo, which will mark its tenth anniversary in April 2013. With the Japanese launch of the Andaz brand in Toranomon, the birthplace of Mori Building, the two companies affirm their shared commitment to bringing gracious, unscripted service to an urban revitalization project that is focused on providing inventive programs and venues for inspired interactions between residents and visitors alike.
“Currently, nine Andaz hotels are in operation in four countries, with others continually being added to our development pipeline,” said Larry Tchou, executive vice president, group president – Asia Pacific, Hyatt Hotels Corporation. “True to its destination, Andaz Tokyo will convey the well-tailored, refined sensibility of Japan, as well as the vibrant, internationally eclectic spirit of its capital city.”
“With its central location between the high-rise district of Shiodome and the Akasaka and Roppongi areas where many multinational corporations are located, Toranomon is a vital hub for Tokyo’s further development as a global business center,” said Kazuhiko Yamamoto, vice president of urban development for Mori Building. “Andaz Tokyo will both heighten Toranomon’s appeal and serve the needs of international firms here, promising the area’s fast growth as a gateway destination.”
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV