LogProstyle announces land acquisition for second hotel in Tokyo Asakusa

LogProstyle (LGPS) announced that it has acquired land for the development of its second hotel in the Asakusa district of Tokyo. Expected to open in October of 2028, LogProstyle’s footprint expands to five strategically located hotels in the leading tourism markets of Japan. This latest hotel property is located within 300 meters from Prostyle Ryokan Tokyo Asakusa, enabling operational synergies between the two hotels. The project aligns with the company’s strategic goal of expanding its ryokan and hotel business, addressing the growing inbound tourism in Asakusa.