LogProstyle Reveals Purchase of Land for New Hotel in Tokyo's Asakusa District
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 27 2025
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Acquisition Announcement: LogProstyle has acquired land for its second hotel in the Asakusa district of Tokyo, set to open in October 2028.
Expansion Strategy: This new hotel will increase LogProstyle's portfolio to five hotels in key tourism areas of Japan, enhancing operational synergies with the nearby Prostyle Ryokan Tokyo Asakusa.
Tourism Growth: The development aligns with LogProstyle's strategic goal to expand its ryokan and hotel business in response to the rising inbound tourism in Asakusa.
Location Advantage: The new hotel is strategically located within 300 meters of an existing property, facilitating operational efficiencies and guest services.
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About LGPS
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.
