Belluna will acquire Kussharo Prince Hotel in Hokkaido, Japan.
The company signed a sales contract dated March 23 and plans to complete the acquisition on April 30.
The hotel was completed in May 2005 and is an 8-story building above ground. It has 208 guest rooms, a large public bath and open-air baths, a restaurant, a lounge, and glamping facilities. It is located on the shores of Lake Kussharo in Akan-Mashu National Park, about 50 kilometers from Memanbetsu Airport.
Seibu Holdings transferred Kussharo Prince Hotel and a portion of its other hotel and leisure businesses between 2022 and 2023 to Reco Pine Private, an affiliate of GIC Private, a Singaporean sovereign wealth fund. At the time of the transfer, it concluded a management consignment agreement with Seibu Prince Hotels Worldwide.
From 2021 to 2023, Belluna has been expanding its business in Japan’s Hokkaido region by acquiring properties such as Jozankei View Hotel, Toya Sun Palace Resort & Spa, The Lake Suite Ko no Sumika, and New Akan Hotel from Karakami HOTELS & RESORTS.
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