Oakwood Brings Extended Stay Lodging to Tokyo

Business Wire, Sept 30, 2002

Business Editors/Travel Writers

LOS ANGELES--(BUSINESS WIRE)--Sept. 30, 2002

There's something spacious and new in Tokyo lodging -- Oakwood Residence Azabujyuban (www.oakwood.com), an elegant extended stay serviced apartment nestled in the middle of the "Azabu-Juban Shopping Street," one of the most charming neighborhoods in all of Tokyo (located just south of the international Roppongi district, and conveniently accessed by the Azabu-Juban subway station).

(Note: Different English translations of the neighborhood name have given it two spellings, "Azabujyuban" and "Azabu-Juban.")

Popular with business travelers as a cost-saving, extended stay alternative to hotels, Oakwood Worldwide's serviced apartments combine the spacious comfort of a private residence with hospitality services such as 24-hour front desk. In its trendy location, Oakwood Residence Azabujyuban offers even more, with a design flair usually associated with boutique hotels.

Oakwood Residence Azabujyuban offers 83 of the finest (and largest) suites in Tokyo, typically two or three times the size of a hotel room and each superbly decorated to Western standards, including plush linens, custom furniture and gourmet kitchens. Each apartment also features the latest technology including broadband internet, flat screen television, cable TV, and a DVD/CD/MP3 entertainment system. The property also presents a unique selection of objects d'art and alluring touches such as a red silk backdrop in the lobby. The Oakwood Residence Azabujyuban building also includes Tully's Coffee, which provides a European cafe atmosphere with its indoor and outdoor seating.

The rich quality of the apartments is matched by Oakwood's gracious international hospitality, which includes 24-hour front desk and security; laundry and dry-cleaning; and regular maid service. The property is managed by an internationally trained staff which speaks both English and Japanese.

Despite an ample component of luxury, Oakwood Residence Azabujyuban's rates begin at $135 per night (for studio apartments), a sizable discount compared to comparable Tokyo upmarket hotels.

Reservations for Oakwood Residence Azabujyuban can be made at: www.oakwood.com, USA 800/888-0808, Tokyo 81-3-5427-3566 or azabu@oakwood.jp. Travel agents may also book via Oakwood's GDS Code, IP.

Oakwood Residence Azabujyuban is the first project of Oakwood Japan K.K., a joint venture formed between Oakwood Asia Pacific and Mitsui Fudosan, the largest real estate developer in Japan. Under prior agreements, Oakwood Asia Pacific already offers three other properties in Tokyo, in the fashionable neighborhoods of Akasaka, Aoyama and Shirokane.

Los Angeles-based Oakwood Worldwide is the leading global provider of serviced apartments and corporate housing, with locations throughout the U.S., U.K. and Asia Pacific. Its Oakwood Asia Pacific division now manages locations in Tokyo, Seoul, Manila, Bangkok and Guangzhou; with future sites under development in Beijing.