Philippine-based unicorn property technology (proptech) startup Revolution Precrafted announced that it has sealed another international deal, this time to develop luxury prefabricated boutique hotel villas in Okinawa, Japan.
The company said, it will develop at least 85 design-driven prefabricated boutique hotel villas at a beachfront property on Miyako Island. The project, it said, further reinforces its foothold within the global hospitality and tourism sector.
Financial details, as well as information on who commissioned Revolution Precrafted to do the project, were not immediately disclosed.
Revolution Precrafted offers exclusive tie-ups in over 195 countries that allow its partners to use its designs and units for a fee of $125,000 to $2 million, depending on the size of each country’s economy.
Revoluion Precrafted founder and CEO Robbie Antonio disclosed that the company will be building luxury villas with sizes ranging from 23 square meters to 60 square meters on the island of Miyako, just as the region gains increased popularity and tourist interest.
“This foray into the Japanese market is even more meaningful as Japan, home to 6 Pritzker-prize winners, is all about high design and forward-thinking architecture— everything that Revolution Precrafted is about,” Antonio said.
Revolution’s roster of Japanese architects includes Sou Fujimoto, Kengo Kuma, Nendo Studio, and Pritzker architectural firm Tange and Associates.
Okinawa is Japan’s southernmost prefecture, significantly distinct from the rest of the region. Miyako island, in particular, is a premier summer destination in Japan, boasting a 100-km coastal line with white sand beaches and coral reefs.
Okinawa’s tourist arrivals rose to 9.4 million last year, up 9.1 per cent from the previous year, surpassing even Hawaii’s numbers, according to data cited by Revolution Precrafted.
“This is only the first of many projects we intend to do in Japan,” Antonio added.
The Japan deal comes barely a week after the startup announced sealing a $300-million exclusive deal in the Caribbean for the supply of its prefabricated units.
The initial franchise deal with Caribbean-based real estate firm NOVO Development involves the supply of at least 1,000 units in the region that would create sales revenues of as much as $300 million.
Also this year, the company signed a non-exclusive agreement with Myanmar’s KT Group for the manufacture and supply of prefabricated homes to be located in key developments in the historic city of Yangon.
In March, the company sealed a landmark $3.2-billion deal to build luxury apartments and hotel villas in Dubai’s The World Islands.
In the Philippines, Revolution Precrafted is supplying homes for the $1.1-billion Batulao Artscapes in Nasugbu Batangas and the $350-million Revolution Flavorscapes project in Mexico, Pampanga.