Banyan Tree plants first flag in Japan

From left: Banyan Tree's Ho Kwon Ping and Wealth Management Inc's Kazutoshi Senno at the signing ceremony

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.

From left: Banyan Tree’s Ho Kwon Ping and Wealth Management Inc’s Kazutoshi Senno at the signing ceremony

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.

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