Ascott has expanded its already considerable portfolio of serviced
apartments in Japan, with the opening of its first Citadines
serviced residence in Osaka.
Ascott is operating the property through a master lease
agreement with Toshin Development Company Ltd, a subsidiary of the
Located near the Namba Station, Citadines Namba
Osaka is in a
vibrant financial, retail, and recreational hub within close proximity to
tourist hotspots. Guests can easily visit nearby attractions
such as the Dotonbori, Kuromon Market, Osaka Castle, Universal
Studios Japan and Osaka Aquarium Kaiyukan.
Mr Tan Lai Seng, Ascott’s Regional Manager for
Japan & Korea, said, “With Japan’s thriving economy and inbound
travel market, we see great opportunities to expand in the country
where we have a strong portfolio of over 5,000 units across more
than 30 serviced residences, hotels and rental housing properties
in nine cities. Our properties have been performing well at an
occupancy rate of 80% to 90%. Upcoming major events such as the
Tokyo Olympics and Paralympics, and Osaka-Kansai World Expo are
expected to boost demand for our lodging properties, including Citadines Namba Osaka.”
Osaka signifies a successful transformation from a department
store into a serviced residence. It is part of the Takashimaya
Higashi Annex, an integrated development which also comprises
offices, shops and Takashimaya Historical Museum.
Paying homage to
the heritage building’s roots as a department store, Citadines
Namba Osaka has taken on a modern Art Deco design that evokes
nostalgic memories of a department store of the past, with
concepts of fashion and shopping being weaved into different parts
of the property, furniture pieces, signages and artwork.
old-world charm of the marbled column lobby is accentuated by
intricate details such as acanthus motifs, ornate carvings,
decorative travel trunks and elevators with dial indicators
retaining the original design used in the building years ago.
collaboration with Takashimaya Osaka Department Store, cosmetics,
fashion accessories, handbags and shoes in showcases are displayed
at the reception area. Along with a carousel-themed children’s
playroom and an industrial-themed restaurant with a vintage car,
they all add to the quaint and playful vibes of the design.
The Citadines serviced residence offers 313 units with varied
apartment types to cater to guests on short and long stays.
Guests can make
use of the on-property facilities such as
restaurants, gymnasium, meeting rooms, launderette, children’s
playroom, as well as a residents’ lounge with a kitchen.
Besides Citadines Namba Osaka, Ascott also
operates seven other serviced residences in Japan. They are Ascott
Marunouchi Tokyo, Somerset Azabu East Tokyo, Somerset Ginza East
Tokyo, Somerset Shinagawa Tokyo, Citadines Central Shinjuku Tokyo, Citadines Karasuma-Gojo Kyoto and Citadines Shinjuku Tokyo.
Next year, the company will open lyf
Tenjin Fukuoka as well as Ascott’s
first property in Yokohama, another Citadines property, in 2023.