ORIX Announces Acquisition and Start of Operations of Tateshina Grand Hotel Taki-no-Yu

TOKYO, Japan – September 1, 2011 – ORIX Real Estate Corporation, a subsidiary of ORIX Corporation, announced today that it has acquired and started operation of Tateshina Grand Hotel Taki-no-Yu, a Japanese hot spring inn in the Tateshina Onsen area of Chino City, Nagano Prefecture.

Tateshina Grand Hotel Taki-no-Yu, first opened in 1923, is a long-standing Japanese hot spring inn that sits at the heart of Tateshina Kogen, an area of Nagano Prefecture loved throughout Japan for its hot spring baths. With 143 guest rooms the hotel is one of the biggest hot spring resorts in the area and offers guests the luxury of eight different kinds of baths from two separate natural hot springs.

The Tateshina Grand Hotel Taki-no-Yu, the fifth Japanese inn operated by ORIX Real Estate, is marking a new beginning on the road to rehabilitation. In addition to the rehabilitation of well-known Japanese inns, ORIX Real Estate is also involved in the facility management of hotels, training facilities, aquariums, golf courses, senior residences and other properties nationwide. The guiding principle behind the operation of the Tateshina Grand Hotel Taki-no-Yu will be to leverage ORIX’s accumulated expertise in the facility management and rehabilitation businesses to provide an even more enjoyable and satisfying stay for all our guests from across Japan, including the local community.

Future projects under consideration include refurbishments of the larger baths and the buffet restaurant. Further announcements will be made as decided.

ORIX Real Estate looks forward to your continued support in the future.

Overview of the Tateshina Grand Hotel Taki-no-Yu 
Tateshina Kogen is a mountain plateau covering the northern part of Chino City on the western base of the Yatsugatake mountains between central Nagano Prefecture and its border with Yamanashi Prefecture. Its elevation, ranging between 900 and 1,800 meters above sea level and an inland location means that summers are cool and dry, a fact not lost on the many who flock to Tateshina to escape the heat elsewhere on the main Japanese island of Honshu. In winter the slopes are covered in a light, high-quality snow perfect for skiing and other winter sports. The popularity of the local hot springs as a medicinal cure goes back centuries to the days when the famous warlord Shingen Takeda would visit in secret to take the waters.

The Tateshina Grand Hotel Taki-no-Yu was built 88 years ago in 1923 along the valley carved out by the Takinoyu River and enjoys popularity as a historical Japanese hot spring inn. Visitors can enjoy the on-premises hot springs and open-air communal baths with a view over a mountain stream.

Location	Tateshina Onsen, Chino City, Nagano, 391-0393, Japan
Capacity	143 guest rooms accommodating 750 guests
Hot spring baths	Open-air baths - Keiryu no yu, Uruhada no yu, Reisen (cold water spring) Large baths with a garden view - Iwao no yu, Yusen Private outdoor baths - Ishi no yu, Hinoki no yu, Nagomi no yu
Dining	“Palace Sunshine” Restaurant, private dining space “Seseragi Tei”Traditional Japanese cuisine “Mido-koji,” “Shinano-jaya” teahouse, and “Taki” tea lounge
Banquet halls	1 large hall, 2 medium-sized halls, and 1 conference room
Other amenities	Gift shop “Yamabiko,” karaoke room, game room, garden pool
Access	20 minutes by taxi or 35 minutes by bus from Chino Station on the JR Chuo East line. 30 minutes by car from the Suwa interchange on the Chuo Expressway
URL	http://www.takinoyu.co.jp/ (In Japanese)
Operated by	Suginoi Resort K.K. (ORIX Real Estate: 100% stake)

Japanese Hot Spring Inns Operated by ORIX Real Estate

Suginoi Hotel – Beppu Onsen / Beppu City, Oita Prefecture
http://www.suginoi-hotel.com/english/index.html (In English)
(1) Capacity: 592 guest rooms accommodating 2,636 guests
(2) ORIX Real Estate Support: Since Sept. 2002


Onyado Toho – Higashiyama Onsen / Aizu-Wakamatsu City, Fukushima Prefecture
http://www.onyado-toho.co.jp/en/ (In English)
(1) Capacity: 148 guest rooms accommodating 751 guests
(2) ORIX Real Estate Support: Since June 2004
 

Otsuki Hotel – Atami Onsen / Atami City, Shizuoka Prefecture
http://www.wafuukan.com/   (In Japanese)
(1) Capacity
    Otsuki Hotel Wafuukan (Japanese style): 24 guest rooms accommodating 130 guests
    Hotel Mikuras (Western style): 62 guest rooms accommodating 176 guests  
    http://www.micuras.jp/english/index.html (In English)
(2) ORIX Real Estate Support: Since Nov. 2005
 

Naruko Hotel – Naruko Onsen / Osaki City, Miyagi Prefecture
http://www.narukohotel.co.jp/ (In Japanese)
(1) Capacity: 128 guest rooms accommodating 550 guests
(2) ORIX Real Estate Support: Since Dec. 2006

Contact Information
ORIX Corporation, Investor Relations
TEL : +81-3-5419-5042 / Fax : +81-3-5419-5901
URL : http://www.orix.co.jp/grp/en/

About ORIX
ORIX Corporation (TSE: 8591; NYSE: IX) is an integrated financial services group based in Tokyo, Japan, providing innovative value-added products and services to both corporate and retail customers. With operations in 27 countries and regions worldwide, ORIX’s activities include corporate financial services, such as leases and loans, as well as automobile operations, rental operations, real estate, life insurance, trust and banking and loan servicing. For more details, please visit our website at:  http://www.orix.co.jp/grp/en/