Workflow
condotel business model
icon
Search documents
Hotel101 Global Tops Off Hotel101-Niseko in Hokkaido, Japan on Track for December 2026 Opening
Globenewswireยท 2025-12-05 12:07
Core Insights - Hotel101-Niseko, located in Hirafu, Hokkaido, Japan, is set to be one of the largest hotels in the area with 482 rooms and is on schedule for completion by December 2026 [1][4][9] Company Overview - Hotel101 Global Holdings Corp. is a subsidiary of DoubleDragon Corporation and is listed on Nasdaq under the ticker HBNB, with a market capitalization of approximately US$1.5 billion as of December 4, 2025 [11] - The company is pioneering a global standardized "condotel" business model, aiming to disrupt the hospitality sector through a tech-enabled approach that generates revenue from both the advance sale of hotel units and ongoing hotel operations [11] Project Details - The topping-off ceremony for Hotel101-Niseko was held on December 5, 2025, marking the completion of the building structure, with interior finishing work to follow [3][4] - The hotel is strategically located about 2 minutes by shuttle from ski lifts, making it an attractive destination for winter sports enthusiasts [1][5] Amenities and Features - Hotel101-Niseko will offer a range of amenities including an all-day dining restaurant, dedicated meeting spaces, an indoor swimming pool, hot mineral onsen bath, sauna, wellness facilities, and ski-in/ski-out convenience [10] - The hotel aims to provide practical comfort tailored to modern travelers, including families and groups [6][7] Market Position - Niseko attracts over two million international visitors annually, solidifying its reputation as Asia's premier alpine destination, and Hotel101-Niseko is positioned to become a landmark in this global playground [8]