Feasibility and Operator Evaluation, Oakwood Premier
Key Service: Planning and Development
Location: Tokyo, Japan
Product: Strategic Advice
Description: Horwath HTL was engaged by Tekko Building Co. to evaluate best and highest use of the floor area of the client’s project right in front of Tokyo station, one of the busiest train stations in the world.
Scope of work: Horwath’s focus was on evaluating competitive landscape for the surrounding luxury lodging market, and we concluded that the project will be highly feasible as a high-end serviced apartment ideally with a hotel license being able to accommodate nightly guests.
Status: The subject property was opened as Oakwood Premier Tokyo in December 2015 and now caters to both business and leisure demands for the capital city of Japan.