TOKYO -- Oakwood Worldwide, the Los Angeles-based corporate housing
provider, opened the Oakwood Residence Akasaka, a serviced
apartment property in Tokyo.
According to Oakwood, the company is the first international
management company to open an extended-stay property in Japan. The
residence is targeted to extended-stay travelers and relocating
executives who otherwise would have to stay in hotels.
The Oakwood Residence is located in Akasaka, Minato-ku, which is
one of Tokyo's financial centers. The property is located near the
U.S. Embassy. The residence has 41 one-, two- or three-bedroom
apartments.
Floor plans range from 700 square feet to more than 1,400 square
feet.
Management opted for Western styling with Japanese touches, and
the company will include its Oakwood study station, which is a
cabinet designed to hold personal computers.
Apartments also have multiple phone lines; high-speed Internet
access; a balcony; a kitchen; a washer and dryer, and maid service
three times a week.
The property will be managed by Oakwood Asia Pacific, which is a
joint venture of Oakwood Worldwide and Colony Capital, an
investment firm.
Oakwood Asia Pacific also manages properties in Guangzhou,
China; Manila, Philippines, and Bangkok.
Colony Capital owns the Oakwood Residence Akasaka. Rates for the
Oakwood Residence Akasaka start at $215 per day, and the rate in
yen is guaranteed.
For reservations, call (800) 888-0808 or check out www.oakwood.com.