A new management agreement with Baring Private Equity Asia (BPEA) will allow IHG Hotels and Resorts to introduce its value brand Holiday Inn Express in the Japanese city of Osaka and across the country.
The Holiday Inn Express Osaka City Center Midosuji, due to open in December, has been a project in the making for several years, with the brand moving into an existing building on Midosuji Boulevard in the Osaka CBD. The hotel is located near many of the city’s main attractions, including Shinsaibashi shopping, Namba entertainment districts, and Yodoyabashi financial district.
The property will offer its guests a range of budget-friendly facilities and services, including comfortable bedding, high-speed Wi-Fi, a pillow menu and a daily cooked buffet breakfast, which can be served to go. . A complete renovation of the property has been planned and will begin approximately six months after opening.
General Manager of IHG Hotels and Resorts, Japan, Abhijay Sandilya, said he is honored to launch the Holiday Inn Express brand in the exciting city of Osaka.
“We have been committed for some time to bringing this world-class brand to Japan at the right time and now, with a great partner in BPEA, an incredible asset, and the world on the verge of reopening, we are delighted to present Holiday. Inn Express to the Japanese market.
Eric Siegel, Managing Director of BPEA Real Estate and Regional Hospitality Manager, said he looked forward to providing world-class comfort and smart hospitality to customers around the world.
“We are very happy to partner with IHG Hotels & Resorts to bring this great brand to Japan,” said Siegel.
“The completely renovated Holiday Inn Express Osaka City Center Midosuji, with its prime location in the heart of Osaka, directly on its most prestigious Midosuji Boulevard, will provide an exciting new stay option for domestic and international travelers visiting the region.”
The deal is also the first for the hotel owner as he ventures into the world of hospitality and accommodation. However, the company is part of one of the largest private alternative investment firms in Asia, with 24 years of experience and over US $ 37 billion in funds under management, including Pan-Asian real estate assets.
As a brand, Holiday Inn Express celebrates its 30e anniversary in 2021 and has now grown to encompass a network of more than 3,000 locations in 2,100 cities around the world.