Japan-US Business Report LogoJapan-U.S. Business Report

No. 340, January 1998

Issue Index

 American Companies in Japan


LOTTE CO., LTD., which plans to develop a large, indoor theme park in the Tokyo Bay redevelopment area, signed a letter of intent with RITZ-CARLTON HOTELS CO. for the upscale Atlanta-based chain to manage one of the two hotels that will be part of Lotte World Tokyo. The 300- to 400-room hotel is scheduled to open in the year 2002. The big confectionery company will manage the other onsite hotel. Ritz-Carlton recently opened a sales office in Tokyo to market its luxury Osaka Ritz-Carlton in the heart of Osaka to corporate travelers. The company's first property in Japan, the hotel opened last spring.

An exchange rate of ¥130=$1.00 was used in this report.

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