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#356625 - Wed Mar 10 2010 07:57 PM Niseko Higashiyama sold
Mr Wiggles SJ'er with 3000+ posts Registered: Fri Jul 06 2001 Posts: 3123 Loc: Ye olde Hakuba	....by Citigroup to some Malaysians. It sounds like they must have made a loss, especially because the hotel's been refurbished. http://www.reuters.com/article/idUSTOE62901D20100310 _________________________ "The toe is the Achilles' heel of the foot."
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#356626 - Wed Mar 10 2010 07:59 PM Re: Niseko Higashiyama/Village sold [Re: Mr Wiggles]
Hokkaidough SJ'er with 500+ posts Registered: Sun Dec 07 2003 Posts: 543 Loc: Hokkaidough	Quote: Niseko Village, sold for 6 billion yen ($67 million), is popular with Chinese and Australian skiers and a mecca for domestic snowboarders due to its quality powder snow. Located on the northern island of Hokkaido, the resort features two hotels, including a 506-room Hilton Hotel, two golf courses, ski trails and natural hot springs. YTL said in a statement it plans to expand residential areas and ski-in ski-out estates, as well as restaurant and retail facilities. Higashiyama is the old name, it's Village now.
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#356632 - Wed Mar 10 2010 08:09 PM Re: Niseko Higashiyama/Village sold [Re: Hokkaidough]
thursday SJ'er with 15000+ posts Registered: Tue Jul 18 2006 Posts: 19149 Loc: 香港	I think the Hilton will still run it. Can't see any Malaysians running it. They can't even run their own cars without outside help.
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#356633 - Wed Mar 10 2010 08:09 PM Re: Niseko Higashiyama/Village sold [Re: thursday]
thursday SJ'er with 15000+ posts Registered: Tue Jul 18 2006 Posts: 19149 Loc: 香港	The good thing would be having some laksa on the slopes there
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#356634 - Wed Mar 10 2010 08:10 PM Re: Niseko Higashiyama/Village sold [Re: thursday]
thursday SJ'er with 15000+ posts Registered: Tue Jul 18 2006 Posts: 19149 Loc: 香港	and some satay and lala
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#356644 - Wed Mar 10 2010 09:06 PM Re: Niseko Higashiyama/Village sold [Re: thursday]
Go Native SJ'er with 3000+ posts Registered: Fri Dec 30 2005 Posts: 3114 Loc: Kutchan	Hilton lease the hotel and will continue to do so. Citigroup has had to offload a lot of stuff since the GFC. Will be interesting to see what YTL has planned for the resort.
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#356688 - Thu Mar 11 2010 01:05 AM Re: Niseko Higashiyama/Village sold [Re: Go Native]
2pints,mate SJ'er with 3000+ posts Registered: Fri Sep 13 2002 Posts: 3342 Loc: London	Quote: it plans to expand residential areas and ski-in ski-out estates So, what does that mean then? _________________________ I make up for it with cunning and guile.
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#356695 - Thu Mar 11 2010 01:35 AM Re: Niseko Higashiyama/Village sold [Re: 2pints,mate]
MikePow SJ'er with 1000+ posts Registered: Sat Oct 13 2007 Posts: 1013 Loc: Hirafu, Hokkaido	Developing the old golf course. Been on the cards for a while
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#356698 - Thu Mar 11 2010 06:49 AM Re: Niseko Higashiyama/Village sold [Re: MikePow]
Tubby Beaver SJ'er with 7500+ posts Registered: Mon Feb 09 2004 Posts: 7668 Loc: Fujisawa	The Hilton is a pretty swanky place........900 yen hot chocolate It was VERY nice though!!! _________________________ It's not a drink brewed by those crazy Yanks, its brewed right here and is tougher than tanks
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#356722 - Thu Mar 11 2010 01:58 PM Re: Niseko Higashiyama/Village sold [Re: Tubby Beaver]
Mr Wiggles SJ'er with 3000+ posts Registered: Fri Jul 06 2001 Posts: 3123 Loc: Ye olde Hakuba	900 yen! Was there Sambuca in it? How much would a 500-room Hilton-level hotel cost to build? I guess you're talking way way over 67 million USD already. That sounds very cheap for all those facilities, esp. the way real estate has been going in Niseko. Maybe the boom is just in Hirafu. If its golf for folks in HK or Malaysia, I think you'd be better off in Hawaii. It has so much more to offer. _________________________ "The toe is the Achilles' heel of the foot."
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#356724 - Thu Mar 11 2010 02:04 PM Re: Niseko Higashiyama/Village sold [Re: Mr Wiggles]
thursday SJ'er with 15000+ posts Registered: Tue Jul 18 2006 Posts: 19149 Loc: 香港	ere, no. Malaysia has some amazing golf courses.
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#356725 - Thu Mar 11 2010 02:06 PM Re: Niseko Higashiyama/Village sold [Re: thursday]
thursday SJ'er with 15000+ posts Registered: Tue Jul 18 2006 Posts: 19149 Loc: 香港	The Higashiyama location is very much, hotel resort. There are houses on the drive up to the hotel, but that walk with equipment is loooooooonnnnnnnnnnnnngggggggggggg. Needless to say, there is no ski in out, at that place.
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#356773 - Thu Mar 11 2010 06:12 PM Re: Niseko Higashiyama/Village sold [Re: thursday]
MikePow SJ'er with 1000+ posts Registered: Sat Oct 13 2007 Posts: 1013 Loc: Hirafu, Hokkaido	Originally Posted By: thursday The Higashiyama location is very much, hotel resort. There are houses on the drive up to the hotel, but that walk with equipment is loooooooonnnnnnnnnnnnngggggggggggg. Needless to say, there is no ski in out, at that place. Yet. The master plan is to have accommodation slopeside.
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#356815 - Fri Mar 12 2010 07:21 AM Re: Niseko Higashiyama/Village sold [Re: MikePow]
muikabochi SJ'er with 5000+ posts Registered: Sat Nov 13 2004 Posts: 5369 Loc: Muikamachi, Niigata	Here's a question. Will the Village and Moiwa areas get to be developed as the Hirafu?
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#356819 - Fri Mar 12 2010 08:35 AM Re: Niseko Higashiyama/Village sold [Re: muikabochi]
MikePow SJ'er with 1000+ posts Registered: Sat Oct 13 2007 Posts: 1013 Loc: Hirafu, Hokkaido	Very unlikely in my opinion. At least not in the next 5-10 years.
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#356822 - Fri Mar 12 2010 08:37 AM Re: Niseko Higashiyama/Village sold [Re: MikePow]
grungy-gonads SJ'er with 5000+ posts Registered: Tue Jul 24 2001 Posts: 7234 Loc: Tokyo	Why's that Mike, cash? Or just the impracticalities of the areas? _________________________ Hi girls, do you like my avatar?
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