Joint Serakaki resort hotel project aimed for completion in 2018

March 5, 2016 Ryukyu Shimpo

Tokyu Land Corporation (TLC), NTT Urban Development, and Milial Resort Hotels have recently concluded a contract for a joint hotel project in Serakaki, Onna Village. The three companies (based in Tokyo, Tokyo, and Chiba Prefectures respectively) will jointly develop a resort hotel in the vicinity of Serakaki Beach, aiming for completion in 2018.
The development site is approximately 40,000 square meters (almost 24.9 square miles) and is projected to have upwards of 300 guest rooms. Although the company that will operate the hotel has not yet been determined, TLC Holdings reports that it is currently advancing negotiations on that point with foreign hotel companies.

A representative of TLC Holdings said the corporation acquired the development site for this hotel project back in 2006. However, not long afterwards the 2008 economic downturn hit, and the project did not move forward. The representative further explained that TLC Holdings sees Okinawa’s popularity as a sightseeing destination, and has therefore determined to work jointly on this project with other development companies in order to build a hotel on the land.

(Translation by T&CT and Erin Jones)

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