Patience Capital Group (PCG) announced on January 29th further details regarding the construction of two hotels - including a five-star luxury operation - on the Myoko Suginohara Ski Resort parking lot as part of their overall larger Myoko Kogen redevelopment project.
Myoko Suginohara Ski Resort parking lot, courtesy of the Niigata Nippo. Patience Realty is a proud PCG group company.
The total development, expected to cost ¥200 billion, will also include a supermarket featuring local Niigata products and other retail spaces.
Five-Star Hotel to Anchor Myoko Kogen Resort
One of the hotels will be a five-star brand recognized in major rating systems, including the Michelin Guide.
The second hotel will also be luxury accommodations targeting high-net-worth travelers, with negotiations still underway for both properties.
Expanding Commercial Offerings
Initially planned as a retail zone for apparel and restaurants, the commercial district will now include a lifestyle-focused retail section featuring a supermarket and daily goods stores.
Patience Capital Group Senior Executive Advisor Toshihiko Takano.
Earlier in January, PCG announced the appointment of Toshihiko Takano, a former Sumitomo Corporation executive involved in the development of Decks Tokyo Beach in Odaiba, as Senior Executive Advisor to oversee the commercial strategy.
Sources:
Niigata Nippo (Japanese only; free-walled)
PCG PR Times Press Release (Japanese only)
