IHG signs management contract with Kajima for Japan resort [Yahoo! Finance]
KAJIMA CORP UNSP/ADR (KAJMY)
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Source: Yahoo! Finance
This marks the first collaboration between IHG and Japanese real estate company Kajima as part of a broader development partnership in Japan. Presently known as President Resort Karuizawa, the resort will undergo a facelift before reopening under the new brand. The launch of ANA Holiday Inn Resort Karuizawa is scheduled for the first quarter of 2025. IHG-ANA Hotels Group Japan CEO and IHG Hotels & Resorts Japan & Micronesia managing director Abhijay Sandilya said: “Following Crowne Plaza Bangkok Lumpini Park in Thailand with Kajima Corporation, we are very honoured to announce that we have reached an agreement to open ANA Holiday Inn Resort Karuizawa with them. “Karuizawa, long a favourite with political, business and cultural visitors, as well as foreign travellers, is the perfect location to launch this partnership between IHG and Kajima. We look forward to building on this long-standing partnership and developing even more great hotels throughout Japan in the years to come
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