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Originally held in October 2025 and delivered in Japanese, the below is an English summary of Ken Chan’s remarks at the RE Fund Review Forum 20th . The speech highlighted how resort hotel investments can extend beyond accommodation supply to actively shape tourism demand. Click here to read more about IHG and Patience Capital Group’s Six Senses Myoko project. By combining global branding, development activity, and operational scale, resort hotels can generate wider economic b

Tokyu Plaza Ginza was renamed GinzaNovo on December 1, 2025. To mark the rebranding and the facility’s first Christmas under the new name, a seasonal event titled “Kaleidoscope of Joy: GinzaNovo × Ribbonesia” will be held. GinzaNovo, formerly Tokyu Plaza Ginza, updated exterior CG rendering courtesy of press release linked at the bottom of this article. According to the press release linked at the bottom of this article, the name GinzaNovo incorporates the Latin term Novo, me

On December 2nd, the Nikkei Shimbun reported that Shinano Railway, based in Ueda, Nagano Prefecture, announced it will operate special rapid trains on the Kita-Shinano Line (Nagano–Myoko Kogen) during the upcoming ski season. The line normally runs 17 trains per day in each direction, including local services and fee-based rapid trains. From January 1 to February 28, 2026, three additional rapid trains will be added daily in both directions. 　 Mount Myoko from the north-east,

On October 23 rd , Patience Capital Group announced the signing of two new properties in Japan - Madarao Kogen Hotel and Lime Resort Myoko - which will join Accor’s MGallery Collection, the group’s boutique brand of storied hotels. These signings mark a major step in Patience Capital Group’s vision to elevate Japan’s mountain regions into world-class four-season destinations. Signing ceremony in Singapore on October 23rd. From left to right: Maryanne Soo, Managing Director, G

On October 22 nd , Patience Capital Group (“PCG”) announced that its Myoko Suginohara Ski Resort in Niigata Prefecture will join the Ikon Pass; a global multi-resort season pass connecting the world’s leading ski destinations, starting from the 2025-26 winter season. Expanding Ikon Pass’s Global Reach in Asia The Ikon Pass, operated by Denver-based Alterra Mountain Company, is the premier international season pass for winter sports enthusiasts, offering access to more than 70

On October 21 st , Six Senses, part of IHG Hotels & Resorts’ Luxury & Lifestyle portfolio, announced the signing of a hotel management agreement with Patience Capital Group (PCG) for a slope-side mountain hotel and residences at the foothills of Mount Myoko, within Japan’s scenic Suginohara ski resort. Artistic rendering of finished exterior courtesy of IHG & Patience Capital Group.  Meant only for illustrative purposes and subject to change. The development of Six Senses Myo

On October 16 th , Singapore based Patience Capital Group (PCG), announced the appointment three senior executives to strengthen its leadership team. The move reflects PCG’s strategy to expand its investment reach, enhance operations, and create long-term portfolio value. New Leadership Appointments Andy Lee – Chief Asset Management Officer  Brings 27 years of experience in real estate investment management across Asia and Europe. Formerly at GIC and Pontiac Land Group, he no

On September 16 th , the Nikkei Shimbun reported that the 2025 official land price survey (as of July 1) highlighted contrasting trends...

Singapore-based investment fund Patience Capital Group (PCG) is spearheading a major international resort development in the Myoko Kogen area of Niigata Prefecture, with the aim of creating a sustainable, all-season mountain destination. At a multi-stakeholder public-private council convened on July 15, PCG presented its phased plan to open two hotels and commercial facilities by the winter of 2028, eventually expanding the development to six hotels. Multi-Phase Plan with Bra

The Myoko region of Niigata Prefecture - renowned for its popularity among international skiers - is the focus of a major resort development project by Singapore-based investment fund Patience Capital Group (PCG). Patience Realty is a proud group company of Patience Capital Group and Capital Brain. In March, PCG’s Japan arm signed a cooperation agreement with Shinano Railway , a regional train operator based in Ueda, Nagano Prefecture.   On July 12 th , Shinano Railway ran th

Shinano Railway, headquartered in Ueda City, Nagano Prefecture, is considering launching a new express train service connecting Myoko Kogen and Karuizawa. President Tomonori Tsuchiya revealed the plan in an interview with The Niigata Nippo published on June 28th. The proposed route aims to boost ridership by shortening travel times between two key tourist destinations ahead of a major resort development in the Myoko Kogen area. Targeting 2028 Resort Launch Currently, Shinano 

Niigata Prefecture will establish a public-private consultative council in July to oversee a large-scale resort development by Singapore-based Patience Capital Group (PCG) in the Myoko Kogen area. The council will include PCG and Myoko City officials, as city leaders plan a separate body to address residents' concerns. Myoko City Mayor Yoji Kido at press conference on June 5th, 2025.  Photo courtesy of Joetsu Myoko Town Jouhou.   Myoko City Mayor Kido, while expressing antici

Ken Chan, founder of Patience Capital Group, is betting big on Japan’s tourism revival - starting with the ski towns of Myoko and...

Myoko Kogen, one of Niigata’s premier tourist destinations, is undergoing a large-scale redevelopment spearheaded by a foreign investment firm, with total costs estimated at up to ¥200 billion. While the project is expected to revitalize the local economy, the optimism is infused with caution over potential land price inflation and rising living costs, reminiscent of the real estate boom seen in Niseko, Hokkaido. Surge in Visitors and Foreign Investment In February, the peak

Updated with news footage of signing ceremony and new partnership agreement date. On March 4th, the Nikkei Shimbun reported  that...

On February 7th, the Nikkei Shimbun  reported that Gaw Capital Partners, together with Singapore-based Patience Capital Group (PCG) as a...

Patience Capital Group (PCG) announced on January 29th further details regarding the construction of two hotels - including a five-star luxury operation - on the Myoko Suginohara Ski Resort parking lot as part of their overall larger Myoko Kogen redevelopment project.  Myoko Suginohara Ski Resort parking lot, courtesy of the Niigata Nippo.  Patience Realty is a proud PCG group company.   The total development, expected to cost ¥200 billion , will also include a supermarket fe

On January 6th, the Nikkei Shimbun reported that Singapore-based investment fund Patience Capital Group (PCG) is spearheading a high-profile resort development in Niigata’s Myoko region, with the first phase slated for completion in 2028.   The project will include two luxury hotels, one of which will be a five-star property, alongside 30 to 40 retail outlets featuring apparel and dining options.  Patience Realty is a proud group company of Patience Captial Group.  PCG CEO Ke

On November 15th, Patience Capital Group (PCG) CEO Ken Chan revealed limited details on plans to commence construction on a large-scale resort development in the Myoko Kogen area of Niigata Prefecture by summer 2026.   Patience Capital Group (PCG) founder and CEO Ken Chan, courtesy of Niigata Nippo.   The initial phase, targeting completion by the end of 2028, will involve an estimated investment of approximately ¥70 billion.   Related Content: Myoko? Hakuba? Nozawa? Karuizaw

On June 27th, Patience Capital Group (PCG) announced the acquisition of the Nagano Keikyu Country Club golf course in Nagano City from...