GRApP Partners with VNJ to Jointly Promote Apartment Hotel Openings in Osaka Area, First Project "NOVI BY TOPAZ DOTONBORI" Launched

GRApP Inc. (Headquarters: Chuo-ku, Osaka City, Osaka Prefecture; Representative Director: Tatsuya Kinugasa; hereinafter referred to as "our company") will begin operations of the apartment hotel "NOVI BY TOPAZ DOTONBORI" on July 1, 2026.

"NOVI BY TOPAZ DOTONBORI," which will be operated this time, is a joint venture between VNJ Corporation (Headquarters: Chuo-ku, Osaka City, Osaka Prefecture; Representative Director: Akio Nakao; hereinafter referred to as "VNJ") and our company, and this will be its first full-scale operation.

Overview of Initiatives

Our company operates 58 apartment hotels and other accommodation facilities nationwide, catering to tourism demand, primarily from inbound visitors, and plans to open 26 new facilities by 2028. We provide one-stop operations from opening consulting during the construction phase to OTA marketing, reservation management, guest support, and cleaning. In this project, we will be responsible for hotel operations based on our company's strengths and know-how.

VNJ focuses on the development of hotels and lifestyle-oriented real estate in major Japanese cities, centered around Osaka, and operates a long-term hotel real estate development platform that integrates "development, asset management, brand, and human resources." In this project, VNJ has been responsible for project management from land acquisition to development, construction, opening preparations, and operational system establishment.

Scheme

Through Alpha Nova Capital, VNJ has established long-term funding relationships with wealthy investors and family offices in Asia. The fundraising for this project fund was conducted by Morgan Stanley Bank Asia Limited and has already been completed. We will build a funding base by flexibly combining sponsor capital, investor funds, and bank loans for each project. TOPAZ will undertake the ownership of this hotel property, and LGT Bank will own the Kizu Market property scheduled to open next year, utilizing our network with international financial institutions.

Starting with the opening of "NOVI BY TOPAZ DOTONBORI," the first phase of this project, we plan to open seven facilities in the Osaka area. With the opening of Japan's first integrated resort (IR) in Yumeshima, Osaka City, in 2030, we will respond to the growing demand for international tourism and commercial development.

Facilities and Rooms

"NOVI BY TOPAZ DOTONBORI" is an apartment hotel with 36 rooms, accommodating 216 guests. All rooms are equipped with kitchens and bunk beds, and the room configuration allows for group stays, providing a suitable space for family trips and stays with friends.

All rooms feature kitchens, catering to long-term stays, business trips, and workations. This realizes the "live like you're living" accommodation style, the concept of an apartment hotel. The adoption of bunk beds efficiently utilizes limited space and allows for a comfortable room design even for groups.

The unique "self check-in system" for unmanned operation allows guests to check in "without meeting anyone" using a device installed at the entrance. Furthermore, for inbound support, we operate a specialized call center for accommodation facilities that supports five languages (Japanese, English, Chinese, Korean, Vietnamese) 365 days a year.

【Facility Overview】 Facility Name: NOVI BY TOPAZ DOTONBORI

Location: 2-11-22 Shimanouchi, Chuo-ku, Osaka City, Osaka Prefecture

Total Floor Area: 1850 sqm

Use/Structure: Residential building (National Strategic Special Zone Foreigner Lodging Facility Management Business)

Number of Floors: 10 stories above ground

Rooms/Capacity: 36 rooms / 216 people

Design and Construction: Seiwa Corporation Co., Ltd.

Operation Start Date: July 1, 2026

【Company Overview】

Company Name: GRApP Inc.

Representative: Tatsuya Kinugasa

Headquarters: 5F, Okini Midosuji Kawaramachi Bldg., 4-4-7 Kawaramachi, Chuo-ku, Osaka City, Osaka Prefecture

Homepage: https://grapp.co.jp/

Business Activities: Operation support and consulting services for accommodation facilities