Opportunity to acquire one of the top performing apartment hotels in Myoko, The Address Akakura. The Address is located on the main street of Akakura Onsen, less than 100m from the lifts of two of Myoko’s top resorts, Akakura Onsen Ski Resort and Akakura Kanko Ski Resort.

The Address features 12 well-appointed apartments, along with an onsen, restaurant, café, bar and drying room. The property includes studio, one and two bedroom apartments, and all have their own bathrooms and kitchens. The property is almost fully booked for this coming winter.

The Address has won numerous awards in recent years, including Tripadvisor’s Travellers Choice Award in 2020 and 2021, and the café and restaurant has been rated #1 in the area. The property also has a 9.8 rating from Booking.com

The buyer has the option to operate the property themselves or engage a 3rd party manager/operator. The property also has one wing that has not been refurbished. Refurbishing that wing of the property would yield another 12-16 apartments.

Myoko is the latest hotspot for ski resort investment in Japan and just 2 hours by bullet train from Tokyo. The area is renowned for its untouched powder and there are six resorts which make up the Myoko Kogen ski area, and several more a short drive away.