Acquisition Announcement: LogProstyle Inc. has acquired land for its second hotel in Asakusa, Tokyo, expected to open in October 2028, expanding its presence to five hotels in key tourism areas of Japan.
Operational Synergies: The new hotel will be located within 300 meters of the existing Prostyle Ryokan Tokyo Asakusa, allowing for operational efficiencies and catering to the growing inbound tourism market.
Development Details: Prostyle Ryokan Tokyo Asakusa II will feature 36 guest rooms with private open-air baths, targeting an average daily rate (ADR) of ¥45,975, compared to ¥38,414 for the existing property.
Company Overview: LogProstyle Inc. focuses on real estate, including ryokan operations, and reported consolidated net sales of approximately USD 138 million for the fiscal year ending March 2025, marking its direct listing on a major U.S. stock exchange.
LogProstyle Inc is a Japan-based company primarily engaged in real estate-related businesses. The Company conducts real estate renovation and resale, real estate development, hotel management and restaurant management businesses primarily through its subsidiaries. The real estate renovation and resale business is engaged in acquiring condominium units from their owners and dismantling them, leaving only the frames, and then rebuilding the interiors and installing plumbing and other elements. The real estate development business is engaged in the development of residential condominiums and Machinaka hotels with traditional Japanese elements. The hotel management business is engaged in the management of ryokan hotels in Tokyo, Yokohama and Okinawa.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
