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Travel & Leisure

Japan's Hulic to build luxury 'ryokan'-style inn in Ginza

Hotel with top room priced over $2,400 per night to debut in Tokyo in 2025

Hulic will spend 20 billion yen to convert an office building on a main Ginza street into a 12-story building complex. Six of the upper floors will be turned into a 38-room ryokan. (Image courtesy of Hulic)

TOKYO -- Japanese property developer Hulic will open a luxury ryokan -- a traditional Japanese inn -- in Tokyo's Ginza district in 2025, the latest sign that companies are betting on a strong rebound in travel demand as governments around the world relax COVID-19 restrictions.

The most expensive room at the inn will go for about 300,000 yen ($2,426) per night.

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