6 July 2016
Clifford Chance advises Frasers Hospitality on development of luxury serviced apartments in Tokyo
Leading international law firm Clifford Chance has advised Frasers Hospitality in its venture with Sekisui House, a leading house builder in Japan with experience in developing luxury hotels, on the development of luxury serviced apartments in the Akasaka district of Tokyo. This project, to be operated by Frasers Hospitality, is scheduled to open before the Tokyo Olympic Games in 2020. The property will target affluent foreigners visiting the city, the level of which is expected to rise in anticipation of the 2020 Olympic Games.
The Clifford Chance team was led by partner Leng-Fong Lai and supported by Tokyo Managing Partner Eiichi Kanda, senior associate Eugenia Tan and associate Hisao Ito, all based in Tokyo. Leng-Fong said, "The continued growth of the hospitality sector in Japan as the country heads towards the 2020 Olympic Games, is demonstrated by this luxury project and we are very pleased to have advised and supported Frasers Hospitality in achieving this important milestone."
Frasers Hospitality is a Singapore based, leading hotel and serviced apartment operator offering hotel, serviced apartments and residences in more than 80 cities globally. Frasers Hospitality Group’s global portfolio, including those in the pipeline, stands at 139 properties and 22,800 keys worldwide.