Hokkaido resort for rich foreigners planned

posted on June 18, 2016

A Mori Trust group investment company will develop a large extended-stay resort in Hokkaido targeting affluent visitors to Japan.

MA Platform, funded solely by Mori Trust President Akira Mori, will spend 60 billion yen ($575 million) on the project, aiming for partial opening in 2020 and completion in 2026, the year Hokkaido's capital of Sapporo hopes to host the Winter Olympics.

The resort, to be established in the Uenae area of Tomakomai city, will feature hotels and large cottages as well as health-care facilities to cater to medical tourism. It will target affluent foreigners looking to stay in Hokkaido for a week or more.

MA Platform bought the 1,057-hectare site in March from another developer that had planned a resort there. The project will be funded by loans, and the resort's operation will be outsourced to a specialty company from abroad.

Initial construction will involve a hotel with 150 guest rooms and several cottages. Hotel stays likely will be priced at over 100,000 yen a night. Hotel rooms are to increase to 330 and cottages to 40 by 2026.

The cottages will be for sale and can be designed to meet buyer preferences. A two-story cottage with total floor space of 1,000 sq. meters could be built on an 8,000-sq.-meter lot, for instance. The layout might assume that the owner is accompanied by chefs or other service providers. The owner also could rent the cottage to other travelers.

Many golf courses are nearby, and ski facilities are available as well.

source by nikkei
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