TOKYO— Oakwood Worldwide has undertaken a major expansion of its serviced hotel-apartment business in Japan, with the scheduled opening this month of two new properties in Tokyo: Oakwood Residence Aoyama and Oakwood Apartments Shirokane. Already open is a third location in Tokyo, Oakwood Residence Akasaka. Serviced apartments (also sometimes referred to as “apartment-hotels” or “extended stay hotels” combine the comfort of a private residence with furnishings, service and security of a hotel.
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