Banyan Tree Hotels & Resorts and Richesse Management – a consolidated subsidiary of Wealth Management – have jointly announced the signing of a hotel management agreement to operate the first Banyan Tree hotel in Japan.
Banyan Tree will be taking over the current Hotel Ryozen in Higashiyama-ku, Kyoto, which will cease operations come end October 2019. The company will then redevelop the property with the help of Kengo Kuma as master architect, with a targeted opening in 2022.
The 60-room luxury resort will include a speciality restaurant, bar, library, gymnasium, a Banyan Tree Spa and onsen facilities – the first and only luxury international brand onsen hotel in Kyoto.
