Kasumigaseki Capital acquired the shares of Wakayama Marina City through a consolidated subsidiary. The target is an integrated resort complex including a 99-room hotel, and its room for growth is being analysed based on estimated booked ADR and comparisons with surrounding areas.
On 21 August 2026, Kasumigaseki Capital acquired all shares of Wakayama Marina City Co., Ltd. through fav hospitality group. The transaction covers the integrated acquisition of Wakayama Marina City Hotel, Kishu Kuroshio Onsen, Kuroshio Market, Yacht Club and Porto Europa. The structure involves the transfer of all shares, rather than the sale and purchase of individual facilities.
Based on data from more than 54 surrounding properties, the estimated booked ADR for Wakayama Marina City Hotel is approximately ¥12,025 based on the latest 12-month average. This is approximately 1.65 times the median of ¥7,274 for Wakayama City as a whole and approximately 0.64 times the median of ¥18,758 for resort hotels in Shirahama Town. A supply comparison within a 5-km radius shows that it is the only resort of a similar scale in the area.
Among the major properties within a 5-km radius, Wakayama Marina City Hotel is a 99-room resort with an estimated ADR of ¥12,025. The surrounding area has many business hotels, while the small inns in Wakaura command high rates, although there is a gap across the area as a whole. These data are presented as indicators of the competitive environment in the surrounding area.
A distinguishing feature of the transaction is that the package acquisition also includes non-accommodation attractions such as the hot spring, market and theme park, which draw visitors. This suggests potential for higher rates and the creation of additional occupancy.