Fundraising Difficulties Delay Luxury Hotel in Utsunomiya City

Fundraising issues have delayed the construction of a planned 27-story hotel tower.
Fundraising issues have delayed the construction of a planned 27-story hotel tower.
31 July 2020, Utsunomiya, Japan

Luxury Thai hotelier Dusit Thani has cited fundraising issues and uncertainty over inbound tourism as the reasons for the delay in the construction of a high-rise hotel planned for Utsunomiya City. Construction has been postponed until further notice while the developer looks for other hotel operators. 

Part of the station-side redevelopment plans included a 120-meter tall, 27-story mixed-use building containing retail on the first five floors, and the 280-room Dusit Thani Hotel on floors 6-27. Construction was scheduled to start in late 2021 with completion in late 2022. 

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Back in 2017, Dusit International announced their foray into the Japanese market with plans to opena hotel in Kyoto in 2020. Completion of the 160-room hotel planned for Kyoto has been pushed back to 2022. 

For more on this story, go to Japan Property Central. 

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