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Chinese Firm Acquires Tomamu Ski Resort in Hokkaido

Chinese Firm Acquires Tomamu Ski Resort in Hokkaido

China-based Shanghai Yuyuan Tourist Mart is to buy Hoshino Resort Tomoamu in central Hokkaido for ¥18.3 billion. The mainland resort operator said it will acquire all outstanding shares in Hoshino Resorts Tomamu, a ski resort in the village of Shimukappu, Hokkaido, from Hoshino Resorts Inc. and a foreign investment fund. Hoshino Resorts is based in […]

Luxury Hotel Brand Park Hyatt to Open in Niseko in 2019

In what is big news for Niseko tourism, Pacific Century Premium Developments and Hyatt Hotels Corporation have entered into a management agreement for a Park Hyatt hotel and residences in Niseko, Hokkaido. Expected to open in 2019, Park Hyatt Niseko, Hanazono will join Park Hyatt Tokyo as the brand’s second hotel in the country. Park […]