The new property is scheduled to re-open on 1 July 2016 as Grand Nikko Tokyo Daiba, Japan’s first Grand Nikko branded hotel.

Hospitality management group, Okura Nikko, is set to acquire and re-brand the Grand Pacific Le Daiba, a Tokyo-based luxury hotel owned by Keikyu Corporation. The takeover is based on an agreement inked between the named parties this week for the launch of Grand Nikko Tokyo Daiba.

Following completion of the transaction slated for May, the property is scheduled to re-open on 1 July 2016 as Grand Nikko Tokyo Daiba, the first Grand Nikko branded hotel in Japan. A 20-minute drive from Haneda International Airport, the location is situated on the artificial island of Odaiba.

The spot is positioned within a waterfront area which remains one of the most popular tourist destinations in the capital. It is directly connected to the Daiba station on the Yurikamome elevated transit system, allowing easy access to the many commercial complexes nearby.

The 30-storey establishment with 884 rooms offers views of Tokyo Bay and overlooks several iconic landmarks of the expanding metropolis, including the Rainbow Bridge. It will offer 17 banquet and meeting rooms, nine restaurants and bars, two wedding chapels, a fitness club, an outdoor swimming pool, and more.

“Grand Nikko Tokyo Daiba will be renovated between now and 2020, ensuring a warm welcome for Japanese visitors and the ever-increasing number of travellers from overseas,” said Marcel P. van Aelst, President and CEO of Okura Nikko Hotel Management.

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