Here We Come, Osaka! Centara Signs Historic Deal for First Japanese Property

Centara Grand Hotel Osaka, a 5-star property with 515 keys, will open

in mid-2023 in a new 34-storey tower 

Bangkok, October 03, 2019: Centara Hotels & Resorts, Thailand’s leading hotel operator, together with Taisei Corporation and Kanden Realty &Development, announced a landmark agreement to bring the Centara brand to Japan. The three companies signed anInvestor Agreement for Centara Grand Hotel Osaka, an upper upscale property with 515 keys that will occupy a gleaming 34-storey tower on a prime site in Osaka’s Namba district, the centre of leisure tourism for the city and the wider Kansai region. Centara’s first property in Japan is scheduled to open in mid-2023.

The investment partnershipbetween Centara Hotels & Resorts,Taisei Corporation and KandenRealty& Developmentmarks Centara’s entry into one of the world’s most popular tourist destinations. Osaka is a key gateway city and Japan’s thirdlargest city, with a population of2.7 million. Additionally, it is one of the leading Japanese destinations for international visitors, second only to Tokyo, and is considered the cultural heart of the nation. Along with popular attractions such as Universal Studios Japan and the city’s proximity to Kyoto, Kobe and Nara, Osaka is expected to see a further boost in tourism when the city hosts the World Expo in 2025.

“Extending the Centara footprint to Japan has beena long-term strategic objective for the company, and this is a major milestone for the Centara brand as we have successfully added the 14^th country to our portfolio,”said Thirayuth Chirathivat, Centara’s CEO. “This an exciting opportunity to partner with Taisei and Kanden Realty & Development, whose outstanding track records have earned leading positions in construction and property development. We are looking forward to making Centara’s debut and ongoing development in other Japanese cities a great success.”

“This project is in Namba, an important and bustling district of Osaka and a place of international exchange. It is directly connected to Kansai International airport, making it one Japan’s major gateway cities to the world” said Senior Managing Executive Officer, Taisei Corporation, Katsuyuki Kanai. “It is really a significant milestone both to Japan and to Taisei that Centara, representing Thailand in tourism and hospitality, has embarked on this venture in Namba, the perfect location in Japan for the development of an upper upscale hotel.”

“As a major Property Development Company based in Osaka, we are honoured to play an important role in this joint investment project to develop Centara Grand Hotel Osaka with such a significant and established Thai partner, Centara Hotels & Resorts, and with Taisei Corporation, who has a long and proven record of success,” stated Managing Executive Officer, Kanden Realty & Development, MunetakaIsoda. “We are committed to working with you in making every effort to ensure the success of this project and we wish you all a very warm welcome to Osaka.”

The newly built hotel will occupy a stunning new34-storey tower overlooking Namba Parks, with 360-degree views of the city. The top floors will include a lounge along with customisable space for meetings and events, plus a rooftop restaurant sky bar providing panoramic views in every direction.

Facilities will include award winning Spa Cenvaree, a fully equipped fitness centre, a diverse selection of restaurants and banquet facilities. And the hotel’s spacious lobby will welcome guests with touches of Thai and Japanese style and ambience.

The hotel location puts guests at the doorstep of some of Osaka’s leading entertainment, shopping and cultural attractions, popular with visitors and locals alike. A few steps away is Namba Parks, an architectural marvel and the city’s most distinctive mall, complete with a massive rooftop garden with cliffs, ponds, streams and waterfalls, making it a must-see for tourists. The Namba area, also known as Minami, is home to countless restaurants and bars, shopping venues, an electronics district, as well as one of Osaka’s most revered Shinto shrines.

The addition of its first property in Japanis further proof of Centara’s expansion strategy, which calls for doubling the number of properties under its management by 2022. Centara’s expertise, combined with the local market presence and development experience of Taisei Corporation and Kanden Realty &Development, are sure to boost Centara’s Japan market launch toward long-term success.

Corporate Comm India(CCI NewsWire)