ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Business

Fauchon eyes Japan as second link in hotel chain

An artist's rendering of a guest room in Fauchon's Paris hotel, which will feature a mix of traditional and modern designs.

TOKYO -- France's Fauchon plans to bring its new hotel brand to Japan, the fine food purveyor's biggest market, just a year or so after the company opens the first location in Paris.

Fauchon seeks partners to open a hotel here in 2019, ahead of the 2020 Summer Olympics in Japan's capital. Likely sites include Ginza, Shinjuku and Shibuya.

The Paris hotel is to debut in 2018 in Place de la Madeleine, where the business began as a fruit-and-vegetable cart. It will have 54 guest rooms and feature fine dining. The average room rate will likely be around 500 euros ($537).

The Japanese location, too, is expected to offer gourmet food and other high-end amenities while charging similar room rates. Fauchon envisions the hotel as a franchise or joint venture, among other options.

The company looks to have at least two other hotels in Japan by 2030, targeting such cities as Osaka and Kyoto. The country accounts for around 40% of annual sales for Fauchon, which rang up 180 million euros in the year to March.

Fauchon sees hotels dovetailing with its catering and other food-related business. The company aims to have the hotel chain span 20 locations worldwide and generate 200 million euros in annual sales in 2030.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends June 30th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media