Matakite BV (“Matakite BV”) and Hoshino Resorts Inc. (“Hoshino Resorts”, and collectively with Matakite BV, the “Seller”) is pleased to offer for sale the Hoshino Resorts Tomamu (the “Resort” or “Property”) in Shimukappu, Yufutsu District, Hokkaido Prefecture, Japan.
Spanning 582 hectares, or over 1,400 acres, the all-seasons Resort encompasses two operating hotels totalling 757 rooms, over 20 food & beverage outlets, a ski mountain, 18-hole golf course, one of the largest indoor wave pools in Japan, traditional Japanese-style bathhouse, and a host of other facilities and amenities.
The Property is currently being operated by Hoshino Resorts, one of Japan’s premier resort and traditional ryokan operators, who has managed the Resort since 2004. Allowing for maximum flexibility for a new investor, the Resort is being offered with or without the benefit of existing Hoshino Resorts management.
With a robust, in-place income stream resulting from its year-round operation, significant renovation and repositioning upside, and future development potential, the Property represents a rare opportunity to acquire a well-located, fully-integrated resort offering at a significant discount to replacement cost with substantial upside in one of Japan’s most desirable markets, Hokkaido.