Key Facts
• November 2023: Patience Capital Group acquires Myoko Suginohara Ski Resort.
• Development divided into two phases, with Phase 1 investment at $700 billion.
• Phase 1: Hotel, commercial facilities, and ski center to open by December 2028.
• Phase 2: Two additional hotels scheduled for December 2034.
• Collaboration with local governments and transport agencies initiated via council.
• Myoko Kogen Station to undergo barrier-free upgrades for better accessibility.
• Focus on creating an all-season mountain resort and boosting regional tourism.
• Local ordinance proposed to prevent overdevelopment, with public comments invited.
• September 2025: Ordinance to be reviewed by Myoko City Council.
• Patience Capital Group emphasizes community involvement and transparency.
Summary
A foreign real estate investment fund, Patience Capital Group, is spearheading a large-scale resort development project in Myoko City, Niigata Prefecture. The project, with an initial investment of $700 billion, aims to transform the Myoko Suginohara Mountain Resort into an all-season destination. Phase 1, set for completion in December 2028, includes a hotel, commercial facilities, and a ski center, while Phase 2 will add two more hotels by December 2034. A council has been established to ensure collaboration with local governments and transport agencies, focusing on accessibility improvements and regional tourism growth. Measures to prevent overdevelopment are also being discussed, with a proposed ordinance under review. The project emphasizes community integration and aims to enhance local understanding through transparent communication.
