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The acquisition was a strategic move by Ascott to access the rapidly expanding middle-class business hotel segment, with about 70% of TAUZIA's hotels catering to business and convention travellers and the remainder to leisure travellers. [16] In 2022, Ascott acquired serviced apartment brand, Oakwood, from Mapletree Investments.
Marunouchi is the core of Tokyo's central business district as well as one of the main financial centres in Japan. 20 of the Fortune Global 500 companies are headquartered in the area in 2021, while many other such companies based outside Japan have Asian or Japanese offices there.
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It survived the bombing of Tokyo during World War II, but was taken over by the General Headquarters / Supreme Commander for the Allied Powers (GHQ/SCAP) after the war. It was returned to Meiji Isurance Company in 1956. In 1997, the building was designated a National Important Cultural Property. It was the first building erected in the Showa ...
Marunouchi Central Plaza, or Tokyo Marunouchi Station Plaza, [1] is a plaza on the Marunouchi side of Tokyo Station, in Tokyo, Japan. Construction on the plaza began in August 2014. It was unveiled in December 2017. The 6,500 square meter plaza is paved with white granite and partly lined with Japanese zelkova trees. [2]
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As of 2018, Mitsubishi Estate has the most valuable portfolio in the Japanese real estate industry, with a total value of approx. 7.4 trillion yen, much of which is located in the Marunouchi district of Tokyo. [2] MEC owns Japan's third tallest building, the Yokohama Landmark Tower, as well as the Sanno Park Tower and Marunouchi Building in Tokyo.