On May 18, Mori Trust announced that they had acquired the historic Gora Kansuirou Hotel in Hakone. The transaction took place in March 2017. The sale price was not disclosed.
The Gora Kansuirou Hotel was built in 1921 as the holiday home for the third son of Yataro Iwasaki, founder of Mitsubishi. The 2-storey wooden villa was built on 7 lots of land purchased in 1916 in the Gora subdivision. A member of the Kan’in-no-miya branch of the Imperial Family fell in love with the area after spending a summer as a guest at the home 1928, and purchased half of the grounds from Iwasaki to build their own villa (now the Gora Kadan Hotel).