LGPS News & Events

LogProstyle announced that it has acquired land for the development of its second hotel in the Asakusa district of Tokyo. Expected to open in October of 2028, LogProstyle's footprint expands to five strategically located hotels in the leading tourism markets of Japan. This latest hotel property is located within 300 meters from Prostyle Ryokan Tokyo Asakusa, enabling operational synergies between the two hotels. The project aligns with the company's strategic goal of expanding its ryokan and hotel business, addressing the growing inbound tourism in Asakusa.

LogProstyle announced that the company entered into a shareholders' agreement with Australia-based Inmark to establish a joint venture entity, Inmark LogProstyle. The parties agreed to an initial ownership ratio whereby Inmark will subscribe for a 51% interest and LogProstyle will subscribe for a 49% interest in the company. Inmark LogProstyle plans to originate, acquire, finance, develop, manage, operate, and enhance real estate investment assets across Japan, with a particular emphasis on the multi-family real estate sector.

LogProstyle announced the signing of a memorandum of association with the Dubai Department of Economy and Tourism on April 5. This agreement establishes a new entity, "Logprostyle Inc For Hotel Management CO. L.L.C S.O.C". This strategic expansion into the United Arab Emirates represents a major milestone in the company's growth strategy, aimed at broadening its hotel management initiatives and bringing authentic Japanese hospitality to international markets.