Hilton Tokyo Odaiba will carry out its first large-scale renovation starting in February.
The renovation will cover the entire hotel, including the lobby, guest rooms, restaurants, and banquet halls. The spatial design will pursue a sophisticated expression characteristic of Tokyo, adopting a design that further highlights the urban scenery spreading out in front of the hotel. The total construction cost is 10.8 billion yen.
The guest rooms will emphasize a sense of privacy, and the suite rooms equipped with jet baths in their private gardens will see not only interior refurbishment but also a revamp of the outdoor terrace space. The quality will be elevated to the level of luxury hotels in central Tokyo, and the number of executive rooms will be increased.
The Executive Lounge will also be expanded to a 380-square-meter space overlooking Tokyo Bay and the Rainbow Bridge. To address the shortage of capacity after increasing the number of executive rooms, the lounge will be relocated. It will feature a live kitchen and a variety of seating layouts, as well as private areas that can accommodate meetings and business discussions.
The renovation period will be approximately two years from February 4, and the entire property will be closed from February 1 to 28. From March onward, operations will continue while areas where renovations have been completed will reopen in sequence.
It has already been announced that in March, the largest banquet hall, “Pegasus,” will be equipped with one of the largest permanent LED screens among hotels in Japan. It will be equivalent to 865 inches, with a width of 21.6 meters and a height of 4.05 meters, and will support 4K. Three LED panels will be connected, allowing up to three screens to be displayed simultaneously.
Hilton Tokyo Odaiba is a 14-story-above-ground, 1-story-below-ground hotel building in Tokyo, Japan, completed in January 1996. It previously operated as Hotel Nikko Tokyo and was rebranded as a Hilton in October 2015. The hotel has 453 guest rooms. It is owned by Japan Hotel REIT Investment Corporation and leased to Tokyo Humania Enterprise.
Japan Hotel REIT had initially planned a full renovation of the entire property at the time of its acquisition in 2019, but postponed it due to the impact of COVID-19. While lodging demand in Tokyo is expected to grow, new supply of full-service hotels is limited, so the company anticipates that the high-quality renovation will significantly increase the average daily rate (ADR) for guest rooms.
Japan Hotel REIT Investment Corporation will procure most of the renovation costs through new borrowing, and use on-hand cash for the remaining amount. By utilizing negative goodwill, it aims to mitigate the impact on distributions caused by suspending room sales and other factors during the renovation period.
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