Lake Toya Hokkaido

Goldcommon Group, a Chinese property developer, is investing 10 billion Yen (99 million USD) into developing a high-grade hotel on the shores of Lake Toya in Hokkaido.

The resort will contain approximately 500 rooms for as many as 1,500 guests. The group hopes to create a resort suitable for long-term stays from wealthy tourists from China and other Asian countries. Operations are expected to commence in 2019.

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