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Wed, 11 November 2015

Park Hyatt to Open in Niseko, Japan

Pacific Century Premium Developments and Hyatt Hotels Corporation have entered into a management agreement for a Park Hyatt hotel and residences in Niseko, Japan.

Expected to open in 2019, Park Hyatt Niseko, Hanazono will join Park Hyatt Tokyo as the brands second hotel in the country.

Located in one of Asias foremost ski resort destinations, Park Hyatt Niseko, Hanazono will provide convenient access to New Chitose Airport, allowing guests to stay connected to the main hubs of Japan and international destinations.

Park Hyatt Niseko, Hanazono will also feature approximately 100 branded residences and will offer the first Park Hyatt residences in Japan. The property will operate a rental program that will allow participating owners, when not occupying their residences, to have Park Hyatt Niseko, Hanazano rent their residences.

The agreement marks a key milestone in our Hokkaido project where we have long term plans to develop this area into a world-class resort destination, said Robert Lee, PCPDs Deputy Chairman and Chief Executive Officer. With this collaboration, we believe the project will be well received and the resort development will become a tourism landmark in Niseko, Hokkaido upon its completion, which will support the long-term growth of the local community. PCPD is committed to increasing its presence in high-growth areas, particularly in the Asia Pacific region. There is currently strong interest among tourists and investors in Japan, and we are delighted to announce this new development and move it forward.

Park Hyatt Niseko, Hanazono and its residences will be a pivotal part of PCPDs resort and residential development in Niseko. The entire development, which will be undertaken in phases, has a site area of approximately 789,000 square meters and a developable gross floor area of approximately 620,000 square meters.

Situated in Hanazono, one of the four ski areas of Niseko, guests will be within walking distance to ski trails in nearby Mount Annupuri with convenient ski-in and ski-out access.

The hotel will feature approximately 100 guestrooms, a selection of specialty restaurants, extensive meeting space, a golf clubhouse, a ski shop and valet, a destination spa, a fitness center and a swimming pool to ensure guests a memorable experience during their stay.

PCPD is majority-owned by Hong Kong company, PCCW Limited.

Hyatt, Niseko, Japan

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