Oakwood Opens New Serviced Apartments in Tokyo's Roppongi

Nov 14, 2005, 00:00 ET from Oakwood Worldwide

    LOS ANGELES, Nov. 14 /PRNewswire/ -- Los Angeles-based Oakwood Worldwide
 (www.Oakwood.com) has expanded its leading position in the Tokyo extended stay
 market with the announcement of two new properties in the Japanese capital,
 bringing its total to seven locations.  For extended stay travelers, Oakwood's
 chic serviced apartments are an ideal alternative to hotels.
     Oakwood has opened a 69-unit property named Oakwood Apartments Roppongi
 Central located in the heart of Roppongi, Tokyo's famous international
 gathering place for both business, leisure and nightlife.  Oakwood Apartments
 Roppongi Central offers stylish Studio, One Bedroom and Two Bedroom serviced
 apartments with Broadband, flat screen television and trendy decor.  The
 property features a private gym and business center.  Extended stay rates
 begin at JPY16,000 per night (approx. US$135)(currency exchange rate subject
 to change).  Reservations are available at www.Oakwood.com, 1-877-902-0832
 (US) or 81-3-5786-7800 (Tokyo).
     Oakwood was selected to operate the property by GIC Real Estate Pte Ltd
 (GIC RE).  GIC RE, through its affiliate, recently acquired a 100% interest in
 the property.
     In March 2007, the luxury Oakwood Premier brand will arrive in Japan with
 the opening of Oakwood Premier Tokyo Midtown, a posh new property located in
 the new Tokyo Midtown master-planned development being built in Roppongi by
 Mitsui Fudosan, Japan's largest real estate developer.
     The 107-unit Oakwood Premier Tokyo Midtown will offer the pinnacle of
 serviced apartment accommodation with features such as widescreen home
 theatres, drench showers, lush bedding and gourmet kitchens.  Oakwood Premier
 will also include a business center, fitness and exclusive lounge for its
     In addition to Oakwood Premier, the visionary Tokyo Midtown development
 will include Japan's tallest building featuring the Ritz-Carlton Hotel; a
 medical center inclusive of Johns Hopkins Medicine International; the Suntory
 Museum of Art; a world-class shopping mall; and several office and residential
 towers.  The entire complex will be rimmed by beautiful new parkland.
     Los Angeles-based Oakwood Worldwide is the leading global operator of
 serviced apartments and corporate housing, with locations throughout North
 America, Asia and Europe.  Regional arm Oakwood Asia Pacific currently
 operates properties in Japan, China, Thailand, Philippines, and Korea with
 extensive future developments underway in India, Malaysia and Indonesia.

SOURCE Oakwood Worldwide