LimeTree Capital Partners has acquired the Shiki hotel and apartments in Niseko, Japan, marking its first investment in the country and bolstering its focus on tourism-driven real estate opportunities in Asia.

Information on the Target

LimeTree Capital Partners, a private equity real estate firm based in Hong Kong, has successfully acquired the Shiki hotel and apartments, marking its inaugural investment in Japan. This property features an impressive total gross floor area of over 107,000 square feet, comprising 67 apartment units that range from one to three bedrooms. Additionally, it includes retail space, notably housing the Michelin-starred restaurant Kamimura, and is ideally situated in the heart of Hirafu village, Niseko.

Industry Overview in Japan

Japan's tourism industry has been gaining momentum, driven by government initiatives aimed at increasing international tourist arrivals. With a target of welcoming 40 million tourists by 2020 and further escalation to 60 million by 2030, Japan stands as a prominent destination for global travelers. This growth in tourism is expected to bolster demand for various hospitality and real estate offerings, particularly in popular regions like Niseko, which is renowned for its skiing and attractive landscape.

The real estate market in Japan has traditionally been viewed as a secure investment, attributed to its stability and the country’s robust regulatory framework. In recent years, the government has al