Date: November 2018
Location: Ski Resort Niseko, Japan
Name: Hyatt House Niseko – opening December 2018
No. of Keys: 91
Owner: Hyatt will rebrand an extended stay property, later this month.
The property will run under a management agreement with Hokkaido Alpine Resort Management, an affiliate of LimeTree Capital.
LimeTree Capital is a leading private equity investment manager with a focus on under-researched real estate asset classes that are driven by the growing affluence of the middle-class in Asia.
It currently has approximately US$1 billion of assets under management across several investment strategies in Asia’s leading branded resort destinations, car parking assets in China and broader asset re-positioning and enhancement opportunities across Asia.
It has offices in Hong Kong, Shanghai and Bangkok.
Situated in the very heart of Hirafu Village and within a short distance to Hirafu’s main ski lifts, Hyatt House Niseko will allow guests to easily access the area’s world-class powder snow and village attractions.
“We are excited to introduce the Hyatt House brand to Niseko, which will become another quality addition to our growing Hyatt House hotel portfolio in Japan.
It has been a remarkable journey for the Hyatt House brand, which announced its entry into the country last year with plans for Hyatt House Kanazawa.
Niseko boasts exceptional skiing conditions with an average snowfall of 15 meters over a long 100 days per season,” said Asia Pacific Group President David Udell, Hyatt Hotels Corporation.
Ewan Munro, Senior Partner at LimeTree Capital commented: “Niseko has witnessed healthy development over the past ten years and is firmly established as Asia’s leading branded ski resort destination.
We are strong believers that the growth in Niseko will continue, becoming a year-round destination driven by strong Asian demand. Improved access, investment in infrastructure, international standards and additional branded developments will further strengthen the destination.
Shiki Niseko building was our first acquisition in Niseko and we have invested significant funds and efforts towards the transformation of the building into a modern and vibrant mountain lifestyle destination with a unique mix of hospitality, exciting F&B and entertainment which includes some of Niseko’s favorite venues.”
New Chitose Airport, Japan’s fifth busiest airport, serves Niseko and accommodates international flights from 14 major Asian cities, including Seoul, Hong Kong, Taipei, Bangkok, Singapore, Shanghai, and Beijing. In 2015, international visitor arrivals increased from 800,000 in 2009 to more than 2.1 million, a compound annual growth rate of 17.7 percent over a seven-year period.
THPT Comment: Hyatt House is a brand of Hyatt Hotels Corporation, launched in 2012 and offers some 85 locations throughout the United States, China, Germany, Mexico, Turkey, and Puerto Rico.
First Seen: Hyatt website