GREAT Eagle Holdings is buying nearly 4,000 sqm of land worth a reported Y22.22 billion (US$180 million) in central Tokyo for the first Langham hotel in Japan.
A three-minute walk from Roppongi-Itchome subway station, the site is a parking lot and has a number of small office buildings.
The transaction is due to be completed in December with plans for the property to be operational ahead of the 2020 Tokyo Olympic Games.
Great Eagle operates 13 hotels worldwide comprising more than 6,000 rooms, including Langham properties in Sydney, Boston, Shanghai and Auckland.
