Hoshino Resorts will close KAI Aso around the end of October 2026.
KAI Aso, located in Japan, was completed in April 2006 and opened in June of the same year under its former name, KAI ASO. It was renamed to its current name in October 2011. The property has 12 guest rooms, each equipped with an open-air hot spring bath. The facility also features a restaurant and a lounge.
The property was owned by Hoshino Resorts REIT, Inc. and leased by Hoshino Resorts Management. In May 2025, Hoshino Resorts REIT sold it to NBI Regional Revitalization Investment for 774 million yen. Although the property had been considered an asset with issues regarding the efficiency of capital expenditures, the sale generated a gain on transfer of 154 million yen.
In November, SMFL Mirai Partners, a subsidiary of Sumitomo Mitsui Finance and Leasing, announced that it would acquire the property and begin value-enhancement construction from December. Through an extension of the building, the number of guest rooms will be increased to 19.
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