Dear Clients & Friends,
We are very pleased to announce that, as part of our Japanese Boutique Hotel strategy, we have made our first acquisition, a uniquely charmingRyokan (traditional Japanese inn) called “Kagetsu” in Echigo Yuzawa, Niigata Prefecture – see the website here: https://www.shousenkaku-kagetsu.com
(Kagetsu Ryokan Room with outside Bath)
(Kagetsu Ryokan In-house Onsen)
Kagetsu is surrounded by three exceptional ski resorts and bordered by Takizawa Park and a quaint river that flows from the nearby Fudotaki Falls. Kagetsu has been owned and operated by the same family for more than 30 years.
During the winter season, our guests have access to 3 different ski resorts where they are able to enjoy the renowned Japanese slopes or beautiful hot-springs.
(Fudotaki Falls in Echigo Yuzawa)
(Local Echigo Yuzawa Hot Springs)
But it’s also the Spring, Summer and Fall that attract tourists from all over, as these seasons are filled with hiking and mountain biking, golfing, fishing, delicious farm to table local cuisine, sake tasting at famous sake breweries. The area is well known for young couples to make pledges and prayers at the famous Fudotaki Falls.
(Yuzawa River)
(Yuzawa Chuo Park)
After completing thorough due diligence, the key parameters for the purchase of Kagetsu included: the abundant tourist experiences that guests can enjoy during all four seasons in the surrounding area and community, securing a below market acquisition price which will contribute to the a targeted IRR of 20.3%, an attractive cash-on-cash yield of 12% based on the application of our value-enhancement strategies along with favourable debt financing at 1.8% p.a., all combine as key factors behind the acquisition of this unique property as the first of many for Odyssey’s Japan Boutique Accommodation strategy.
(Kagetsu Ryokan Entrance)
(Kagetsu Ryokan Deluxe Room)
Clients of Odyssey are eligible for a 20% discount on room stays so please contact your Private Client Adviser if you are planning to be in Japan and would like to experience the charm of Kagetsu.
If you would like to learn more about Kagetsu or if you would like to learn about our upcoming property purchases, please get in touch with us at: japan@odysseycapital-group.com
(Kagetsu Ryokan Banquet Hall)
For more information about the Odyssey Japan Boutique Hospitality Fund, phone or email Daniel Vovil via the contact details listed below.
Daniel Vovil, Co-Founder and President, Odyssey Capital Group
daniel.vovil@odysseycapital-group.com | (852) 9725-5477