Bangkok, Thailand - October 16, 2017 - The Pavilions Hotels & Resorts, a leading hospitality management company from Hong Kong, has launched 'The Ginto Residences', the first five-star residential and hotel project in Japan, located in the Niseko area of Hokkaido. This project is expected to attract a significant number of Thai investors, with plans to expand operations throughout Asia and Europe, capitalizing on the trend of 'hotel residences' and highlighting its prime location in a world-class tourist destination.

          Mr. Gordon Oldham, CEO and Founder, revealed that The Pavilions Hotels & Resorts has invested over 3 billion baht to develop this luxurious residential and hotel project in Niseko, one of Japan's top tourist destinations, under the name 'The Ginto Residences'. This is the first mixed-use project within the group in Japan. The first phase consists of 31 private villas, each over 1,000 square meters, priced at $800 to $1,500 per square meter, with 16 villas already sold to investors from Hong Kong, Singapore, and Thailand. The second phase, 'The Pavilions Niseko', is a five-star hotel featuring 40 rooms equipped with various amenities, including indoor and outdoor onsen spas, a gym, a yoga studio, and a restaurant, along with 'Ginto Village', a boutique shopping and entertainment center that will also be part of the project. Residents will have access to all the luxurious facilities of the hotel. Construction began last month and is expected to be completed in 2019.

          "Niseko is a world-renowned tourist destination in Japan, offering year-round experiences for visitors, from its stunning natural beauty and being a famous ski resort in winter to a variety of outdoor activities such as hiking, mountain climbing, cycling, rafting, and golfing in spring and summer. These factors give us confidence that 'The Ginto Residences' will successfully attract both investors and tourists, especially Thai investors and tourists who are increasingly visiting Japan every year," Mr. Gordon stated.

          According to data from Japan's tourism sector, the country's tourism industry surged to 24 million visitors from around the world in 2016, with expectations to rise to 40 million by 2020, the year Tokyo will host the Summer Olympic Games. In 2016, 901,525 Thai tourists traveled to Japan, an increase from 796,731 in 2015.

          Additionally, The Pavilions Hotels & Resorts is preparing to expand its operations in Asia and Europe with three new locations by 2020, including The Pavilions Madrid in Spain (2018), The Pavilions Lisbon in Portugal (hotel opening in 2018, residences completed in 2020), and The Ginto Residences in Niseko, Japan (hotel and residences opening in 2019), bringing the total to eight locations, up from the five already in operation in Phuket (hotel and residences), Bali, Nepal, Amsterdam, and Rome. The three new projects will focus on prime tourist locations and distinctive high-end designs, all being luxury residential projects in the form of hotel residences, allowing investors to purchase them as second homes, vacation retreats, or for investment purposes, managed by The Pavilions.

 

          Mr. Gordon commented, "Hotel residence models have become a global trend and continue to emerge, as investors and buyers feel connected and confident in brands they have experience with or own. Despite the increasing competition in the current market, we believe that hotel residences will continue to attract investment due to their differentiation from typical residential projects, particularly in terms of property maintenance, as hotel residences are well-maintained by hotel staff even when owners are not residing there. At the same time, they meet the needs of buyers looking for second homes, vacation retreats, and investment opportunities, accommodating large family groups of tourists. We expect hotel residences to attract sustainable interest."