Berjaya Land Berhad Announces Partnership with Four Seasons Hotels and Resorts to Operate a Luxury Hotel in Kyoto, Japan
Berjaya Kyoto Development Kabushiki Kaisha (“Berjaya Kyoto”), a wholly-owned subsidiary of Malaysian group Berjaya Land Berhad (“B-Land”), which in turn is a subsidiary of Berjaya Corporation Berhad (“BCorp”), today executed an agreement with
The Hotel’s facilities will include a banquet hall, restaurants, bar, swimming pool, fitness gym, spa, sundries shop and ample parking bays. The Hotel is also within vicinity of tourist sites such as Myohoin, Sanjyu Sangendo, Kyoto National Museum, Toyokuni Shrine and Kiyomizu Temple, to name a few.
BCorp founder Tan Sri Dato Seri Vincent (TSVT) said, “Kyoto has more than a thousand years of history in hospitality and this unique heritage can still be experienced in various cultural locations in Kyoto such as Gion. It is our hope that the expertise that
“I have always been a great admirer of the way of life, work ethics and resilience of the Japanese people, something I deeply believe many other countries should try to emulate. It is a great honour for us to be allowed to contribute to the development of the eternal city of Kyoto and we look forward to working with the City and its experts in Japanese traditional arts and crafts to promote this beautiful and culturally rich city to the world,” he continued.
Currently, Kyoto receives more than 50 million visitors a year and hotel occupancies and rates have remained consistently high all year round. Despite this, there have been no luxury hotel developments in Kyoto due to its strict building guidelines and the absence of suitable developers.
RHB Bank Berhad (“RHB”) is the principal financier for this development project. RHB is part of the RHB Banking Group and one of Malaysia’s biggest and fully integrated financial services group with presence in Singapore, Thailand, Vietnam and Brunei.
This development represents Berjaya’s third major project in North Asia after the Integrated Resort Development in Jeju, South Korea and the Great Mall of China Project in Beijing, China.
About Berjaya Corporation Berhad
Berjaya Corporation Berhad is a major Malaysian conglomerate listed on the Malaysian Stock Exchange, with interests in consumer marketing and direct selling, property investment and development, vacation timeshare, hotels, resorts and recreation development, financial services, gaming, food and beverage, development of sanitary landfill & environmental services and clean technology investment, investment holding, and others.
Berjaya Land Berhad is a subsidiary of Berjaya Corporation Berhad and is primarily involved in property development, hotels, resorts and recreation, gaming, and investment holding.