Hyatt, Kiraku, and Takenaka Announce 22 Billion Yen Final Close of Real Estate Fund for Luxury Onsen Ryokan Joint Venture Brand “Atona”

Core Insights - The Atona Impact Fund has officially closed with a total size of 22 billion yen (approximately 149 million US dollars), aimed at investing in the development of luxury hot spring ryokans in Japan [2][5]. Group 1: Fund Overview - The Atona Impact Fund is focused on real estate investments specifically in the development and renovation of ryokans under the Atona brand, targeting high-quality tourism assets to enhance regional development in Japan [3][5]. - The fund has secured capital commitments from various investors, including Takenaka Corporation, Aratama Corporation, and MUFG Bank, among others [2][5]. Group 2: Atona Brand and Operations - Atona Co., Ltd. was established in 2022 as a joint venture between Kiraku and a Hyatt affiliate, aiming to create a collection of luxury onsen ryokans for sophisticated global travelers [4][6]. - Each Atona property is designed to feature 30 to 50 guestrooms, onsen facilities, and restaurants that emphasize seasonal ingredients, along with wellness experiences and curated regional activities [5]. Group 3: Company Background - Hyatt Hotels Corporation is a leading global hospitality company with over 1,350 hotels in 78 countries, offering a diverse range of brands and services [7].