News Release

Tokyu Land Corporation (Headquarters: Shibuya-ku, Tokyo; President and CEO: Hiroaki Hoshino; “Tokyu Land” below), The Sankei Building Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President & CEO: Kazunobu Iijima) and Mitsubishi Estate Residence Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; Representative Director, President & Executive Officer: Masaharu Miyajima) hereby announce that plans for “GLAMDAY-STYLE HOTEL & RESORT KYU-KARUIZAWA” (“Hotel” below), the first newly-constructed hotel-condominium facility for sale in the Town of Karuizawa, has gotten underway in the Town of Karuizawa, Kita-Saku County, Nagano, and that sales of condominiums there will commence in late June 2024. The Hotel is scheduled to open in Summer 2025. A website for the property will be opened today on April 24 prior to the commencement of condominium sales.
Property URL: https://gs-kyukaruizawa.jp
*1: This marks the first example in the Town of Karuizawa of a newly-constructed hotel-condominium for sale as a sectional ownership building.
[As of November 2023; according to research by Industrial Marketing Consultants Co., Ltd.]
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