Message from the Executive Director

Thank you for visiting our website. On behalf of Hoshino Resorts REIT, Inc. (HRR), I would like to express our gratitude for your support and patronage.

With the support of our unitholders and other stakeholders, HRR was listed on the Real Estate Investment Trust Section of the Tokyo Stock Exchange on July 12, 2013.

HRR aims to create a system that allows anyone to take part in and enjoy the fruits of the growth of Japan’ s tourism industry, so that we can help firmly establish Japan as a major tourist destination. This endeavor will have great social significance if it encourages investment in the tourism industry.

HRR believes that the tourism industry can contribute to local economies and play an important role as an “ace” in activating the Japanese economy in this era of decreasing birthrate and aging society. Serving at the core of this important industry, HRR will invest in hotels, ryokans (Japanese-style inns) and ancillary facilities for which stable use is expected in an aim to secure steady growth and stable earnings from a medium- to long-term perspective. In doing so, HRR will strive to continuously increase the investment value for its unitholders.

HRR's asset management is entrusted to Hoshino Resort Asset Management Co., Ltd., a wholly-owned subsidiary of Hoshino Resorts Inc. HRR will make the utmost of the operating capabilities of Hoshino Resorts Inc., its parent company, and its subsidiaries that have extensive expertise in operating hotels, ryokans and ancillary facilities. This will be done in an aim to realize stable operations of assets under management.

We ask for your continued support and patronage of HRR.

Kenji Akimoto Executive Director
Hoshino Resorts REIT, Inc.
President & CEO
Hoshino Resort Asset Management Co., Ltd.