KDX’s Two Hotel Purchases Show How Public Capital Prices Tourism Risk

KDX paid ¥18.057bn for two variable-rent hotels. Our transparent analysis calculates price per room, implied appraisal NOI and the risk behind the yield gap.

Club Med Tremblant Links Hotel Capital to Mountain Expansion

Club Med has started work at Tremblant as the resort prepares a C$42.5m mountain expansion. The commercial test is how hotel and infrastructure capital work together.

September’s Visitor Dip Tests Japan’s Hotel Demand Story

September arrivals fell 5.0%, but the first nine months still exceeded 30 million. The property lesson lies in source mix, nights and rates—not one national headline.

Valloire’s Hotel Upgrade Connects Property Capital and Operating Ambition

A private investor is supporting the planned Valloire hotel transformation in France. The five-star ambition needs to be assessed alongside delivery and recurring operating costs.

Fukuoka’s Hotel NID Tests a Small Hotel With Larger Rooms

Fukuoka’s thirteen-room Hotel NID devotes most of its inventory to larger group-capable rooms. The business case depends on room mix, floor area and servicing costs.

Swiss Summer Lift Growth Still Needs a Comparable Network

Swiss summer first entries rose 10% in May–September, but closures shaped the regional comparison. Accommodation forecasts need a consistent operating network.

A Setouchi Hotel Conversion Makes Succession Part of the Investment Case

ISLET Setouchi’s ten-room conversion links business succession with a new inclusive hotel concept. Private facilities also create recurring operating obligations.

Samnaun’s New Gondola Could Change the Geography of a Stay

The Laret gondola in this Swiss resort is under construction for November 2027. Its accommodation implications depend on station connections and the complete guest journey.

Tokyo Apartment Prices Hit Records as Sales Slow

Record new-build averages and weaker sales reveal different pressures across Greater Tokyo. We examine the property mix, developer pricing and mortgage affordability.

Poley’s Snowmaking Investment Targets Recovery After Rain

Poley’s C$2.5 million snowmaking project targets winter 2027/28 and faster recovery after rain. Capacity needs translating into reliable trading dates.

The 180 Night Calendar That Changes a Minpaku Business Plan

A transparent whole-home model shows how seasonal rates and owner-use dates change income under the 180-night framework—even when total sold nights are unchanged.

What Jungfrau’s Accounts Reveal About Mountain Revenue Quality

Original calculations separate visitor yield, operating margins and cash flow in Jungfrau’s first-half accounts, showing why the measures can move in different directions.