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RISONARE Yatsugatake
KAI Hakone
HOSHINOYA Taketomi Island
OMO7 Asahikawa
ANA Crowne Plaza Hiroshima

HRR will create frameworks that enable unitholders to
benefit from growth in Japan’s tourism industry

We aim to realize frameworks that enable unitholders to benefit from Japan’s tourism industry through
their holdings of investment units, and through such efforts, we will work to achieve ongoing gains in unitholder value.

  • Distribution per Unit (Actual)Fiscal period ending April 2019
    (12th Fiscal Period)
    Dividend payment start date : July 25, 2019


  • Distribution per Unit (Forecast)Fiscal period ending October 2019
    (13th Fiscal Period)


  • Distribution per Unit (Forecast)Fiscal period ending April 2020
    (14th Fiscal Period)


Fund Information

As of March 29, 2019

  • No. of Properties Owned

    59 properties

  • Total Acquisition Price

    1,556 billion yen

Portfolio Summary
Financial Data

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    Investment Unit Price
    Securities Code: 3287
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    Portfolio List


      Luxury hotels from Japan for an extraordinary getaway

    • KAI

      Destinations for blissful bathing and dining


      Recreation—the art of creating anew

    • Hoshino Resorts Others

      Distinctive hotels located throughout the Japanese archipelago

    • Urban tourism

      Urban tourism hotels are for tourism focused on enjoyment of historical townscapes, urban culture, night views, industrial and cultural heritage, dining, shopping and related activities.

    • Others

      We also operate casual roadside hotels that are simple and comfortable, and hotels for lodging offering functionality and a sense of luxury at an affordable price.

    Hoshino Resorts, Now and in the FutureHoshino Resorts, Now and in the Future Japan Tourism DataJapan Tourism Data

    Message from the
    Executive Director

    Message from the Executive Director

    HRR will work to strengthen operating skills of Hoshino Resorts, while creating a cycle of increasingly robust competitiveness.

    Hoshino Resorts REIT, Inc. (HRR) was publicly listed in 2013 as one of the smallest listed real estate investment trusts (REIT) in the world. Our innovative approach includes being the first REIT to include traditional wooden Japanese inns. Since then, we have steadily achieved enhancing unitholder value by increasing our asset scale by approximately 10 times from the time of ...


    Investment Policy

    Investment Policy

    HRR aims to achieve ongoing expansion of unitholder value by investing in hotels, ryokans (Japanese-style inns) and ancillary facilities that serve at the core of the tourism industry and for which stable use is expected, and by working to consistently secure steady growth and earnings with respect to its assets under management from a medium- to long-term perspective.
    Ever since 2003, when the government’s Japan Tourism Advisory Council devised its “tourism-oriented nation” strategy based on its “nation-building that provides a good living habitat and a good place to visit” plans, various measures have been implemented in Japan geared to causing tourist destinations ...


    Investment Strategy

    Investment Strategy

    HRR aims for stable asset management while seeking to maintain the competitiveness of assets under management by fully utilizing the Hoshino Resorts Group’s extensive expertise on facility operations, as the Group has raised its presence in the industry by expanding business and differentiating itself from other companies with its unique operating system.


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