Hyatt, Kiraku, and Takenaka Close JPY 22 Billion Atona Impact Fund Focused on Onsen Ryokan Development
Hyatt, Kiraku, and Takenaka Corporation announced the closing of the Atona Impact Fund, which raised a total of JPY 22 billion. The fund is dedicated to projects under the joint venture’s onsen ryokan brand “Atona.”
The Atona Impact Fund will focus on the development and renovation of Atona-branded onsen ryokan properties. Announced projects include locations in Yufu, Yakushima, and Hakone, with each property expected to have 30 to 50 guestrooms. The venture plans a nationwide rollout.
The fund is managed by the joint venture of Hyatt, Kiraku, and Takenaka Corporation as general partner. New investors include Aratama Corporation, Cool Japan Fund Inc., Humble House Hotel, and MUFG Bank, among others.
Key Facts
Project Name: Atona Impact Fund
Fund Size: JPY 22 billion
Investment Target: Onsen ryokan development and renovation across Japan
General Partner: Atona Impact Fund GP (Hyatt, Kiraku Co., Ltd., Takenaka Corporation)
Investors (partial list): Aratama Corporation, Cool Japan Fund Inc., Humble House Hotel Co., Ltd., MUFG Bank, Ltd., among others