Mail-order company Belluna has emerged as the buyer of two hotels in Hokkaido from Karakami Hotels & Resorts for an undisclosed price. Karakami will stay on as the operator of the hotels.

The two hotels acquired by Belluna are Toya Sun Palace Resort & Spa and the neighboring The Lake Suite Ko-No-Sumika. Both front onto Lake Toya and have a total of 404 rooms. Kawakami sold a third hotel, New Akan Hotel on Lake Akan, to a private buyer. 

The three hotels have a total of 800 rooms. The sale contracts were signed on March 8, with delivery to take place on March 31. 

Karakami is switching its focus from larger resort-type hotels to small and mid-sized high-priced hotels. In 2021, the company sold its 600-room Jozankei View Hotel in the Jozankei hot spring district to Belluna. The company still owns four hotels in Miyagi and Wakayama prefectures.

The Nikkei Shimbun, March 10, 2023.
Belluna Press Release, March 10, 2023.