On November 15th, Patience Capital Group (PCG) CEO Ken Chan revealed limited details on plans to commence construction on a large-scale resort development in the Myoko Kogen area of Niigata Prefecture by summer 2026.
Patience Capital Group (PCG) founder and CEO Ken Chan, courtesy of Niigata Nippo.
The initial phase, targeting completion by the end of 2028, will involve an estimated investment of approximately ¥70 billion.
Final negotiations for the operation of a flagship luxury hotel are underway with a foreign hotel chain.
Key Features of Phase One Development
Photo courtesy of Niigata Nippo.
The first phase will see the construction of a luxury hotel on the parking lot site of the Myoko Suginohara Ski Resort, alongside commercial facilities and staff housing for the hotel.
Mr. Chan stated, “We aim to begin construction after the snow melts in spring or summer 2026.”
Plans for the commercial facilities are also being refined, with a focus on offering a diverse range of restaurants and apparel brands catering to both domestic and international visitors.
The project also aims to showcase regional specialties, such as Tsubame-Sanjo knives and local sake, to highlight the area’s unique appeal.
A Vision for a World-Class Mountain Resort
Mr. Chan emphasized the importance of thorough planning, saying, “We want to solidify our concepts and designs before breaking ground. Our goal is to create a high-quality mountain resort that many can enjoy.”
PCG’s broader vision includes a multi-phase development encompassing the Myoko Kogen region and the neighboring Madarao and Lake Nojiri areas in Nagano Prefecture.
The total investment is expected to reach around ¥200 billion.
To date, the group has acquired approximately 350 hectares of land, including the Myoko Suginohara and Madarao Kogen ski resorts.
The project aims to establish a year-round resort, attracting visitors for skiing in the winter and outdoor activities during the green season.
Source:
Niigata Nippo (Japanese only; free-walled)
