Japan: SONO Motels & Resorts Asia, a lodge administration firm owned by SONO Worldwide, has signed a midscale boutique lodge in Nagoya, its first in Japan.
Now operated by SONO, the previous Compass Lodge Nagoya is owned by funding agency ESCON JAPAN REIT Funding Company with Polaris Holdings because the grasp lessee.
SONO Moon Nagoya will be a part of 16 accommodations in Thailand and Indonesia managed by SONO Motels & Resorts Asia. The group has greater than 12 properties in its pipeline throughout Asia by 2029.
“Japan is a strategic progress marketplace for SONO, and this signing represents an necessary first step in constructing a long-term presence right here,” Jihong An mentioned, senior vice chairman for Sono Motels & Resorts Asia. “SONO Moon Nagoya displays our method to combining sturdy areas, versatile working fashions, and types that resonate with right this moment’s travellers. With main demand drivers forward, together with the Asian Video games in September, we see sturdy potential for Nagoya as a gateway metropolis.”
Wataru Orii, president and consultant director of ES-CON ASSET MANAGEMENT, the asset supervisor of ESCON REIT, added: “We’re thrilled to have added this lodge, situated in a superb place near Nagoya Station, to our portfolio. As we purpose to additional develop the lodge’s efficiency, we’re delighted to have established a collaborative framework with SONO Group, which brings world experience, and Polaris, which has a confirmed observe document in Japan. Via the collaboration of our three corporations, we strongly hope that SONO Group, which is opening its first lodge in Japan, will leverage its sturdy community to draw sturdy vacationer demand from South Korea and drive important progress for the lodge.”
SONO Worldwide’s portfolio includes greater than 14,500 working rooms throughout seven nations worldwide. The group operates throughout South Korea, america, France, and Asia markets together with Thailand, Indonesia, and Vietnam.
Highlights:
- SONO Motels & Resorts Asia signed its first lodge in Japan, the 130-room midscale boutique SONO Moon Nagoya situated close to Nagoya Station.
- The property, previously the Compass Lodge Nagoya, is owned by ESCON JAPAN REIT with Polaris Holdings as grasp lessee.
- SONO Moon Nagoya provides to 16 accommodations in Thailand and Indonesia managed by SONO Motels & Resorts Asia.
