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Crop of mixed-use luxury hotels rise in Tokyo.

Article Excerpt
Tokyo is amidst a wave of luxury lodging development that is bringing such brands as Conrad, Mandarin Oriental, Peninsula and Ritz-Carlton to the city. Most are part of large mixed-use office and retail complexes that give business travelers extensive choices of dining and entertainment options just a short walk from their hotel lobbies.

The influx of new hotels is expected to keep rates in Tokyo fairly competitive with other major business capitals. In fact, Tokyo's reputation as an ultra-expensive destination no longer is valid, particularly when compared with escalating costs in other cities, according to Bruce Kanfer, director of marketing and sales for the Japan Convention Bureau in New York.

"Hotel rates in Tokyo are very competitive and in some cases are better than those in New York or Europe," he said. "This is a result of more competition between hotels and also from Japan's deflationary economy. A good exchange rate between the dollar and the yen is also helping."

Kanfer also noted that business travel and all types...

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