French hospitality group Accor has entered a management agreement with Kokyo Asset Management Group, in collaboration with PGIM Real Estate, to open a new Novotel in Nara, Japan.
Novotel Nara is expected to open in the third quarter of 2024 and, according to the company, will cater to both business and leisure travellers.
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The hotel will boast 264 guestrooms and suites, an all-day dining restaurant, four function spaces, a wellness centre and a top-floor lounge with an outdoor terrace and bar with views of Nara.
The wellness centre will comprise a wellness lounge, fitness centre and communal indoor baths.
Accor Asia premium, midscale and economy division CEO Garth Simmons said: “We are delighted to sign our second Novotel property in Japan and the first in the beautiful city of Nara.
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“The partnership with Kokyo Asset Management and PGIM Real Estate is an important step for Accor and we are confident Novotel Nara will become a gathering place, attracting visitors as well as the local community.”
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By GlobalDataAccor presently operates 20 properties in Japan under multiple brands such as Pullman, Novotel, Mercure, Swissôtel, ibis, ibis Styles and ibis Budget, with an additional six hotels in development.
