Goldcommon Group, a Chinese property developer, is investing 10 billion Yen (99 million USD) into developing a high-grade hotel on the shores of Lake Toya in Hokkaido.
The resort will contain approximately 500 rooms for as many as 1,500 guests. The group hopes to create a resort suitable for long-term stays from wealthy tourists from China and other Asian countries. Operations are expected to commence in 2019.
In July, the group acquired the 77,000 sqm site located three kilometres from the Toyako Onsen district. The resort will include three low-rise hotel buildings, houses, vacation villas and several condominium buildings.
Thanks to an increase in foreign tourists, the town had a 9.2% increase in hotel guests in 2015. Also, for the first time, the number of annual foreign visitors exceeded 200,000.
In 2015, another Chinese company acquired the former Toya Onsen Hotel. The 8-storey, 76-room room hotel had been plagued by operational difficulties over 64-year history, with the most recent operator closing the hotel in 2010 due to bankruptcy proceedings. The buyer is currently refurbishing the hotel. It was scheduled to open in May 2016 but has been delayed until the end of the year.
Kamori Kanko, a Sapporo-based tourist company, is planning to invest 30 billion Yen over the next five years into their Rusutsu Resort in the hopes of attracting an internationally-branded hotel operator.
The Hokkaido Shimbun, August 5, 2016.
The Muroran Minpo, August 6, 2016.