Ryokan (inn) a family home. Minshuku often serve as the only type of accommodation in towns or villages too small to warrant a dedicated hotel or ryokan. The overall experience is much the same, but the food is simpler, dining may be optional and is often communal, rooms do not usually have a private toilet, and guests may have to lay out their own bedding. Ryokan (inn) A is a type of traditional Japanese inn that has existed since the eighth century A.D. during the Keiun period, in which the oldest hotel in the world, Nishiyama Onsen Keiunkan, was created in 705
Hotel by the same family for forty-six generations. The title was held until 2011 by the Hoshi Ryokan, in the Awazu Onsen area of Komatsu, Japan, which opened in the year 718, as the history of the Nisiyama Onsen Keiunkan was virtually unknown. The Ritz-Carlton, Hong Kong claims to be the world's highest hotel. It is located on the top floors of the International Commerce Centre in Hong Kong, at above ground level. In October 2014, the Anbang Insurance Group, based in China, purchased the Waldorf Astoria New York in Manhattan for US$1.95 billion, making it the world's most expensive hotel