Hyatt, Kiraku & Takenaka Close ¥22B Fund for Atona Onsen Ryokan JV

Priyal Dutta10 months Ago1 Mins read1.2k

The fund aims to identify and support tourism-focused assets that contribute to the long-term value and sustainable growth of regional areas in Japan.

Hyatt, Kiraku, and Takenaka Complete ¥22 Billion Close of Atona Impact Fund

Hyatt Hotels Corporation, Kiraku, Inc., and Takenaka Corporation have announced the final close of the Atona Impact Fund, a real estate fund focused on development projects under the Atona brand, a modern hot spring ryokan (Japanese-style inn) joint venture between a Hyatt affiliate and Kiraku.

In addition to the initial investors announced at the fund’s first close in May 2024—Takenaka Corporation as General Partner alongside a Hyatt affiliate and Kiraku—the fund has received capital commitments from Aratama Corporation Co., Ltd., Cool Japan Fund Inc., Humble House Hotel Co., Ltd., MUFG Bank, Ltd., and others. The total fund size now stands at ¥22 billion (approximately USD 149 million).

About Atona Impact Fund

The Atona Impact Fund invests in the development and renovation of ryokans to be operated under the Atona brand. The fund aims to identify and support tourism-focused assets that contribute to the long-term value and sustainable growth of regional areas in Japan.

About Atona

Established in 2022, Atona Co., Ltd. is a joint venture between a Hyatt affiliate and Kiraku. The brand develops and operates onsen ryokans designed to combine traditional Japanese hospitality with contemporary comfort. Each property will generally feature 30 to 50 guestrooms, natural hot spring facilities, dining venues, wellness programs, and activities that reflect the local culture and setting.

Fund Overview

Name: Atona Impact Fund
Fund Size: ¥22 billion (approx. USD 149 million)
Investment Focus: Japanese real estate
General Partner: Atona Impact Fund GP (a joint venture between Hyatt and Kiraku, with Takenaka as an investment partner)

Company Overview – Atona Co., Ltd.

Name: Atona Co., Ltd.
Business: Operation of onsen ryokans
Established: July 15, 2022
Co-Representatives: Kou William Sundberg (CEO, Kiraku) and Sam Sakamura (Vice President, Hyatt Japan and Micronesia)

Written by

Priyal Dutta - Senior Correspondent/Editor

As Senior Correspondent and Editor at Safari India, I write about the people, businesses, and trends shaping the travel, tourism, hospitality, aviation, and lifestyle industries. My work ranges from breaking news and exclusive interviews to in-depth features and industry analysis, with a focus on delivering accurate, balanced, and engaging stories. I enjoy uncovering the details behind every story and presenting them in a way that keeps readers informed and connected to an ever-evolving industry.