Any idea what pops out when you insert US$1 billion into a vending machine marked “Really Spiffy, Ultra-Luxury Hotels”?
We’re not totally sure either, but we’ll all find out on May 17, when the 23-story Palace Hotel Tokyo opens its doors right by the Imperial Palace, a stone’s throw from Tokyo Station.
The new development actually cost ¥90 billion, which works out at $1.2 billion and change -- an ambitious investment in trying times for both the global economy and the Japanese tourist trade.
Aside from bringing almost 300 rooms and suites (¥50,000-¥700,000) to the Tokyo hotel scene, the Palace also contains some mightily impressive restaurants (in theory at this point, of course) and an Evian-branded spa.
Among the dining options -- hotel management says it’s “aiming for a constellation of Michelin-star restaurants” -- will be French, run by two-star Patrick Henriroux; Japanese, another two-star man in Shinji Kanesaka; and Chinese, whose operator also has (you guessed it) a two-Michelin-star background.
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Source: http://rss.cnngo.com/~r/cnngo/~3/86HhpLoY0ps/tokyos-shiny-new-billion-dollar-palace-hotel-978698
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