According to The Australian Financial Review, hotel management company Staywell Hospitality will bring one of Japan’s most luxurious accommodation brands, Prince Akatoki, to Sydney and Melbourne, as part of plans to ramp up its business in Australia.
Staywell, which was bought by Prince Hotels, a subsidiary of Tokyo-listed conglomerate Seibu Holdings in 2017, operates 10 hotels and 553 rooms in Australia under its locally developed Park Regis and Leisure Inn brands. Its largest hotel is the 122-room Park Regis City Centre in Sydney.
As Seibu Holdings looks to grow its global hotel portfolio from 84 locations to 250 over the next decade, Staywell president Simon Wan said it planned to open its first Prince Akatoki in Sydney by 2025 and a second in Melbourne by 2026.
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