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LogProstyle Inc. (NYSE American: LGPS) (the "Company" or "LogProstyle"), headquartered in Minato-ku, Tokyo, Japan, today 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. Situated on over 280 square meters of land in one of Tokyo's most atmospheric and historically rich neighborhoods, Asakusa is acclaimed for its idyllic blend of old Edo-period charm with the energy of modern Tokyo.
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.
Posted In: LGPS
