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New luxury hotel should boost Ginowan economy

Date Posted: 2006-11-02

After a series of project failures, Ginowan City officials are excited about a groundbreaking ceremony set for Monday.

Hotel Intercontinental Okinawa will break ground for its new luxury hotel with 400 rooms, putting smiles on the faces of local officials who have watched other projects pop up, then die of economic problems.

Yoshimitsu Ishikawa, Ginowan City’s Economic Section Director, says “the city is going to get about ¥350,000,000 in monies from property taxes, and a depreciation tax can also be expected.

“Then,” he says, “the hotel is going to bring workers and buy food and materials.” He says maintenance business income should total about ¥45,000,000,000.

Hotel Intercontinental’s new hotel will be 14 stories, less than the 34 it originally wanted. City officials had rejected that blueprint, citing the Oceanside location and typhoons that could cause plenty of damage. The hotel is designed as a five-star luxury property. The ocean is directly in front of the hotel near the Okinawa Convention Center, and parks and a yacht harbor are nearby.

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