News Release

Announcement Regarding Acquisition of Hotel Banso in Hakodate City

Oct 30, 2015

TOKYO, Japan - October 30, 2015 - ORIX Real Estate Corporation (hereinafter, "ORIX Real Estate," a subsidiary of ORIX Corporation) announced today that it has acquired Hotel Banso, in Yunokawa-onsen, Hakodate City, Hokkaido.

Hotel Banso is a Japanese hot spring inn facility that has one of the largest baths in the Yunokawa-onsen area. This acquisition is the first foray by ORIX Real Estate into Japanese Inns in Hokkaido.

Hakodate City is one of Japan's leading tourist destinations with abundant sightseeing attractions. The area is second only to Sapporo in terms of visitor numbers in Hokkaido. With the Hokkaido Shinkansen commencing operation on March 26, 2016 and increasing numbers of foreigners visiting Japan, this hotel has the potential to further expand its market in the future.

At present, ORIX Real Estate has begun considering a total refurbishment of the facility from next year onwards, and another announcement will be made concerning this once details have been confirmed.

ORIX Real Estate is involved with nationwide facilities management operations for hotels, training facilities, aquariums, golf courses and housing for the elderly, etc., as well as revitalization of aging hotels in all regions. Leveraging the knowhow developed through these operations, ORIX Real Estate is proactively developing its hotel operations to provide an even more enjoyable experience to guests from around the country.

■ Overview of Hotel Banso

Yunokawa-onsen is considered to be one of the top three hot spring towns in Hokkaido. Its hot springs boast a history of more than 350 years, with features including colorless and transparent sodium chloride and calcium chloride springs (table salt springs), and high-temperature springs with an average temperature of 65°C. The area is also famous for being within easiest access of airport and the sightseeing spots of Hakodate. Each year, among the 2.7 million visitors to Hakodate, 1.3 million of them choose to stay at Yunokawa-onsen.
Hotel Banso was established in 1954, and is well known as a long-established hotel with a 61-year history. Guests can enjoy the open-air baths at Gagyu-no-yu, which is one of the largest bathing areas in Yunokawa-onsen. Located in peaceful surroundings, guests can enjoy a relaxing time at Hotel Banso.

Address 15-3, Yunokawa 1-chome, Hakodate, Hokkaido, Japan
Capacity 189 guestrooms accommodating 845 guests
Hot spring baths Large bath area “Gagyu-no-yu”
Banquet halls 1 large hall: “Houou”; 8 medium-sized halls;
2 large reception areas:“Kujaku” and “Kotobuki”;
1 function hall: “Isaribi”
Other amenities Store, game corner, and dining room “Otori”
Access Approx. 8 minutes from Hakodate Airport by shuttle bus,
approx. 4-minute walk from Yunokawa-onsen bus stop,
or approx. 4-minute walk from Hakodate Shiden,
Yunokawa-onsen Station
Website http://www.banso.co.jp/englishOpen Link in New Window
New operator Hakodate Yunokawa Hotel K.K. (ORIX Real Estate: 100% stake)

Contact Information:
ORIX Corporation
Corporate Planning Department
Tel: +81-3-3435-3121

About ORIX:
ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses. Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into the lending, investment, life insurance, banking, asset management, automobile-related, real estate and environment and energy-related businesses. Since its first overseas expansion into Hong Kong in 1971, ORIX has spread its business globally by establishing locations in a total of 36 countries and regions across the world. Moving forward, ORIX aims to contribute to society while continuing to capture new business opportunities. For more details, please visit our website: http://www.orix.co.jp/grp/en/


Caution Concerning Forward Looking Statements:
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under "Risk Factors" in the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission and under "4. Risk Factors" of the "Summary of Consolidated Financial Results" of the "Consolidated Financial Results April 1, 2014 - March 31, 2015."

View PDF of this release

2015 News Releases List