For landowners who are considering using their property for rental apartments, offices, or retail space, construction of a rental hotel building may be just the right option. After the buildings are completed, we will lease them from the owners for a fixed monthly rent and manage them entirely. In this way, the owners can be sure of a stable return on their investments. And as Toyoko Inn leases the entire building for 25 to 50 years, there would be no risk of losing tenants. Toyoko Inn also takes full responsibility for all maintenance, repair, and replacement costs, except for those incurred as a result of natural disasters, war, or terrorism. Total maintenance will cost as equivalent to over 80% of the total construction cost throughout 30 years of a lease contract period. Toyoko Inn always tries to maintain hotels clean and safety.
Toyoko Inn Chairman Nishida Norisama said that Vietnam was like Japan in the first stage of high economic growth. For this reason, it is needed to develop infrastructure including hotels. Toyoko Inn’s hotels in Vietnam will imitate those near railway stations in Japan. He also said that all their hotels in Japan were fully occupied last September. He believed that they would also reap success in Vietnam.
The first phase of the project is scheduled to start this year 2014 group will open between 10-20 three-star hotels all over Vietnam
