There is a great buy available at the moment in Hakuba. The Grand Hotel has come onto the market and is certainly a bargain in my opinion. Located in Wadano just 300 meters from the lifts of Happo One this hotel should be snatched up soon. With 49 guest rooms it makes it an attractive buy for a hotel group who is interested in diversifying into the growing Hakuba foreign tourism market. The building also lends itself to being developed into fully self contained apartments and could easily be renovated in stages. If you are considering looking to invest in the area then this would be worth a viewing. Get 49 friends together with 3 million yen ($37,000 usd) and you could have a room each:) The hardest decision would be who gets the penthouse.
The property includes 48 guest rooms with ensuites. 1 large penthouse. 5 large tatami guest rooms. Commercial kitchen with large dining room. A bar and lounge area with an open fireplace. Reception and gift shop. Ski hire and guests locker/drying room. The separate staff building includes 10 single bedroom self contained apartments and a 3 bedroom managers quarters. The total land size is 5735 mts2.
For further information contact Tony at firstname.lastname@example.org