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News Release

Jones Lang LaSalle Hotels advises Kintetsu Group on negotiations with Marriott International


[Tokyo, 6 July 2011]

 

Kintetsu Group today announced that they reached a franchise agreement with Marriott International (“Marriott”) for a new Hotel to be located in the Abenobashi Terminal Building in Osaka. Jones Lang LaSalle Hotels is pleased to have successfully assisted and advised Kintetsu Group on the contract negotiations with Marriott.

The luxury hotel, scheduled to open in spring of 2014, will be a co-branded hotel with Marriott and Miyako Hotel (hotel brand of Kintetsu Group), and will be known as “Osaka Marriott Miyako Hotel.” A landmark development, the Abenobashi Terminal Building when completed will be the tallest building in Osaka, as well as the tallest building in Japan. The development, a mix use of hotel, department store, office, leisure and art is aimed to be a cutting edge hub for business and a centre for entertainment, leisure and arts. Built on the Osaka Abenobashi terminal, it will also provide direct transportation links to Kansai International Airport.

Ms. Ayako Sasaki, Vice President of Jones Lang LaSalle Hotels Tokyo noted, “The Miyako Hotel name has an esteem history in Japan and remains a popular brand in the country. Together with the international network of Marriott, the new Hotel will be well position to offer guests the expertise of the two brands, a stronger and well informed operational knowledge base and lastly a brand new lodging product for the Osaka luxury hotel market.”

Mr. Yasokazu Terada, Executive Vice President of Jones Lang LaSalle Hotels Tokyo, added “We are pleased to have been contributed a pivotal role in this pioneering partnership of strengths. In addition, the entry of a new luxury hotel to Osaka and Japan is positive signal to the underlying strength of the Japanese hotel market after the recent March Tohoku earthquake. Marriott’s commitment to the Japan and Osaka hotel market re-affirms the confidence of Japan’s tourism and hotel market. The Abeno development area will benefit from this Hotel as a landmark hotel attracting more domestic and international visitors to the destination. ”