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Eastedge Partners Aiming to Increase Attractions in Nozawa Onsen through Art

January 11, 2012

EastEdge Partners, Inc. (headquartered in Tokyo, President: Jason Holt), in collaboration with Nozawa Hospitality, is working on several art projects to spice up life in Nozawa Onsen village and ski resort.

Jason Holt, President of both EastEdge Partners and sister company Nozawa Hospitality, is striving to create opportunities in the small village that deeply impressed contemporary artist Okamoto Taro’s in 1974― for a ‘slow’ and relaxed appreciation of art coinciding with the village atmosphere.  President Jason Holt said: “The historical link between Nozawa Onsen and art is very strong and we intend to further emphasize this relationship in order to contribute to the village revitalization.”

At present, the main ongoing art and creative projects in Nozawa Onsen are “Art Café Hütte” and “The Craftroom.” These are in addition to well known existing village galleries “Oboroduki no Yakata” with regular themed exhibitions and the “Ski History Museum”

Nozawa Hospitality, in collaboration with Utte (artist consortium support company and dealer of art goods), in December 2012 opened “Art Café Hütte”, a creative space dedicated to the exhibition and sale of art goods and located inside Address Nozawa, a contemporary designer apartment hotel opened in August 2011. The concept of Hütte is “an artistic mountain lodge with Scandinavian design flavor” With its simple and modern interior design, it is an ideal location to admire and buy original pieces of art or just relax reading a book, tasting good coffee and eating a piece of hand-made cake. Utte and Nozawa Hospitality plan to jointly hold regular workshops and art events in the future months.

“The Craftroom”, an internet café and video creation space is located just in front of the Nagasaka Gondola in Nozawa Onsen ski resort, and was opened in December 2012.  It is currently operated by Tokyo producers in collaboration with Nozawa Hospitality. Professional and amateur film makers have worked together to provide guests with all the tools to edit and produce video material taken on the ski resort’s slopes and in the local area. This creative space is set to become a cool gathering spot for skiers and snowboarders in winter and mountain bikers, hikers and skaters in other seasons.  Contests and events will be jointly organized by “The Craftroom” and Nozawa Hospitality.

In addition to the above projects, Nozawa Hospitality has started in January 2012 the series of events “Urban art meets traditional Japan.” Suiko, from Hiroshima, and Skope, from Singapore, two internationally accomplished urban artists, have worked in residence in Nozawa Onsen’s event space “The Dojo” from January 5th-8th, with the art show on the evening of January 7th.  The concept of the event was to keep alive the memory of artist Okamoto Taro and bridge the gap between contemporary art and Nozawa Onsen’s traditional culture through the work of two international urban artists. Nozawa Hospitality plans to organize similar events with other contemporary genre themes in 2012.

 
EastEdge Granted Real Estate Trust Beneficiary Interests Brokerage License in Japan

January 14, 2009

EastEdge Partners is honored to be have been granted a transaction license for brokerage of real estate trust beneficiary interests under the Financial Instruments and Exchange Law, Category 2 Financial Products, regulated by the Financial Services Agency and issued by the Kanto Finance Bureau as an extension of our Financial Products License #1712 and effective as of today.   We look forward to serving our clients with the need to make transactions of larger and institutionally investable real estate through the form of real estate trust beneficiary interests under this license.

 

 

 
EastEdge Helps International Investors Acquire Hotels in Japan

September 1, 2008 - EastEdge Partners is a hospitality specialist in Japan sourcing for and advising foreign clients wishing exposure to the attractive market here, which may be otherwise difficult to access for foreign firms.

Deals range from small boutique resort to large business and city hotels, USD$5M on up to portfolios of value several hundred million.

The fundamentals are very strong in major Japan cities and resort destinations with inbound tourism from Asia increasing rapidly, domestic outbound tourism being diverted to inbound due to soaring travel costs, and a quickly growing retiree population.

Discounts are appearing due to refinancing problems and we believe it is a good time to get into the sector. Cap rates from 5-6% in the city to over 10% in resort product can be achieved, while the 10-yr prime lending rate is 1.2%.

EastEdge Partners is a Japan licensed broker and investment management firm based in Tokyo.

EastEdge Partners can source, help with structuring, manage assets, operate, facilitate repositioning and redevelopment, etc. Whatever support you need on the ground in Japan for hospitality assets, we can provide.

If you have a desire to look at deals available, or any questions about hospitality in Japan, please give us a shout:

Advisory Division
EastEdge Partners
PH: +81 3 3584 5067
FAX: +81 3 3584 5068
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