Hmlet Teams Up with Mitsubishi Estate to Launch Japan Co-Living JV
Hmlet has opened in Japan through a newly formed joint venture with Mitsubishi Estate Company. The new joint venture aims to open a shared living facility in Tokyo in October 2019, and with a long-term plan to open 1000 rooms across Japan in the next half year as part of Hmlet aggressive expansion across the Asia Pacific.
Hmlet says that the deal will allow the joint venture to open 10,000 rooms over three years through a $25 million investment in the country.
Hmlet has also expanded beyond Singapore to launch in Hong Kong, Australia, and with Japan as its fourth new expansion country.
Full article by James Hatton: View full article here