Osaka Prefecture has notified the Sakishima Cosmo Tower Hotel to vacate the building by October 31.
In a civil lawsuit filed by Osaka Prefecture, seeking the payment of unpaid rent, the prefecture had been victorious. While Osaka Prefecture is offering support for transferring accommodation reservations, with some hotel chains cooperating, they are not guaranteeing accommodations at the same price as the original bookings or obligating hotels to hold to specific pricing structures.
The Sakishima Cosmo Tower Hotel is located on the 7th to 17th floors of the Osaka Prefecture Sakishima Government Building. The hotel’s operations are managed by Sakishima Cosmo Tower Hotel Development, a joint venture between Ricoh Japan and Nishitsuji Construction, following a call for operators in 2017. The monthly rent is 31,956,750 yen, with a square meter price of 6,300 yen. The desired lease period was set for 20 years. The hotel has been gradually opening since January 2019.
Notice
This article was generated using automatic translation by GPT-4 API. The translation may not be accurate.
