Tokyo's famed Imperial Hotel to undergo $2bn teardown and makeover
The Imperial Hotel Tokyo, a historic luxury hotel renowned for hosting international dignitaries as well as the world's rich and famous, will experience a nearly $2 billion reconstruction with a reopening slated for fiscal 2036, Nikkei has learned.
The rebuild will take place toward the end of an urban renewal project for the surrounding Uchisaiwaicho district in the capital led by real estate developer Mitsui Fudosan, in what has been called the biggest post-Olympic redevelopment project in the capital.
Imperial Hotel, the operator of the landmark institution, will make an official announcement later this month. A high-rise annex will be completed as early as fiscal 2030 before the main building is rebuilt. The company has yet to decide whether to continue business at a different site during the reconstruction. The new hotel is expected to maintain the same majestic ambience.