Hoshino Resorts

Hoshino Resorts

  • Company Information

Launch of “Hotel Ryokan Fund” (tentative) together with the Establishment of H&R Asset Solutions Co., Ltd.

  • Company Information

Hoshino Resorts Co., Ltd. (hereinafter called “Hoshino Resorts”) and RISA Partners, Inc. (hereinafter called “RISA”) has partnered for the establishment of “Hotel Ryokan Fund” (tentative) for accommodations in Japan and has formed a joint venture, H&R Asset Solutions Co., Ltd.

The global outbreak of novel coronavirus has brought and is continuing to bring excessive loss to the Japanese tourism and hotel industry. It is believed that the demand for international travel to hotels and ryokans (traditional Japanese inn) in Japan will take years of recovery.

Through the acquisition of property, this fund aims to provide a succession of business, assistance in the transfer of business, and ways of fundraising for hotel and ryokan operators that are facing a serious loss of demand. Hoshino Resorts will operate the property or aid in management if necessary.

Both Hoshino Resorts and RISA will strive to support Japanese hotels and ryokans through the management of a business in the hopes of the tourism and hotel industry to recover from the effects of novel coronavirus as soon as possible.

The total amount of funds is planned to be 10 billion yen and is scheduled to be formed in the summer of 2020 so domestic institutional investors, etc. will soon be called for investments.

*For detailed information about this fund, please refer to the information below.

For Press Inquiries:
Hoshino Resorts PR
E-mail: global@hoshinoresort.com

RISA Partners, Inc. Management Unit (PR)
Online Contact Form: https://www.risa-p.com/contact/

<Details>
1. Details of this fund(provisional)(*1)
● Name:Hotel Ryokan Fund(tentative)
● Total Fund:10 billion yen ~ maximum of 20 billion yen(provisional)
● General Partner:H&R Asset Solutions Co., Ltd.
● Limited Partner: Domestic institutional investors
● Fund Formation Date:Summer 2020 (provisional)
● Investment Target:Accommodation properties (real estate) of hotels and ryokans
(*1)Subject to change without notice.

2. Details of the management company for the fund
● Name:H&R Asset Solutions Co., Ltd.
● Head Office:2-15-3 Konan, Minato-ku, Tokyo, Japan
● Establishment:1 May, 2020
● Capital:10 million yen
● Representative:
CEO: Takayuki Kanaya
CEO: Kensuke Matsumoto
● Shareholders:
Hoshino Resorts Co., Ltd. (50%)
RISA Partners, Inc. (50%)

3. About Hoshino Resorts Co., Ltd.
Hoshino Resorts is a hotel management company with over 40 properties, both within and outside Japan. There are five distinctive brands, including: luxury flagship brand HOSHINOYA, boutique hot spring ryokan KAI, resort hotel RISONARE, city-tourism hotel OMO and carefree hotel BEB.
● Location:Hoshino, Karuizawa-cho, Nagano, Japan
● Establishment:May, 1914
● Capital:10 million yen
● Trading Volume:55.2 billion yen(November, 2019)
● Number of Employees:3,556(As of 1 April, 2020)
● CEO:Yoshiharu Hoshino
● Our Business:Resort and Onsen Ryokan management/operations, food-related business, onsen management, bridal business, villa management and sales business, eco-tourism business, operations of recreational facility, real estate lease business
● Number of Properties:42 (Japan 39・Overseas 3)
● Official Website:https://hoshinoresorts.com

4. About RISA Partners, Inc.
Investment bank with nation-wide connections of over 180 local banks and focuses on finance and real estate to provide investment and loans, and advisory services.
● Location of Head Office:2-15-3 Konan, Minato-ku, Tokyo, Japan
● Establishment:July, 1998
● Capital:100 million yen
● Number of Executive & Employees (consolidated):145 (As of 1 April, 2020)
● President:Yoshio Narukage
● Official Website:https://www.risa-p.com/
● Business Performance:
(1)Fund’s operational performance
RISA group provides a wide range of services from investment and loans to advisory service. With the knowledge of advanced solutions, a succession of business, assistance in growth, business turnaround, real estate, etc., there are over 40 cases of fund management that has been handled so far. The vast experiences and expertise will be utilized for the management of this fund.
(2)Investment record of real estate
In the field of real estate, there have been cases of managing a real estate fund with over 200 billion yen of investment and has an investment record of over 400 billion yen. There are specialists such as qualified architects and real estate appraisers within the group so the best real estate solution for the case of interest can be brought to increase asset value.
(3)Performance and knowledge in accommodation properties
Advisory services will be provided based on previous experience in renewal projects of many hotels and ryokans, and the development and management of hotels by the RISA group has led to a wide range of knowledge of accommodation properties.
(4)Performance in asset management
The real estate asset management company for the RISA group, RISA Funds & Assets Solutions, Inc. (RIFAS), is a real estate fund for mainly domestic institutional investors and provides asset management tasks. In terms of hotels, there have been successful records working with hotels with limited service to a hotel with full hospitality and so with this expertise, the best structure for strategy (investment strategy) will be planned and executed.

For press inquiries

Hoshino Resorts PR
MAIL : global@hoshinoresort.com

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