#Japan #SBI Securities #Kusatsu #NBI Holdings #Hot Spring

Launch of the "Ura-Kusatsu Tou" Hotel Fund

On August 3, 2026, NBI Holdings Inc., based in Chiyoda-ku, Tokyo, announced the formation of a new fund, the "NBI Kusatsu Development LLC," aimed at generating income gains through the acquisition of hot spring resorts. This fund will oversee the investment in the hot spring hotel, "Ura-Kusatsu Tou," located in Kusatsu, Gunma Prefecture. The fund will leverage contributions from a group company of SBI Securities and is positioned to be managed by NBI Holdings as the asset manager, focusing on achieving stable revenue through hotel operations while enhancing overall property value.

Commitment to Regional Revitalization

The partnership between NBI Holdings and SBI Securities extends beyond just funding; it embodies a commitment to revitalizing local economies through value-added investments in accommodations like hotels and inns. Both companies are combining their strengths—NBI with its expertise in hotel management and investment, and SBI with its strong financial network—to boost the competitiveness and asset value of the Ura-Kusatsu Tou property. Showa Lease Co., Ltd. has also joined the initiative as a financial adviser to maximize the project's potential.

Unique Investment Strategy

"Ura-Kusatsu Tou," located just a three-minute walk from the iconic Yubatake in Kusatsu, is distinguished by its choice location, which contributes to its investment allure. The hotel underwent a complete renovation in 2022 and has since maintained impressive occupancy rates, even among its competitive peers in Kusatsu. Following the acquisition, plans are in place to conduct minor renewal works aimed at further enhancing the property's market appeal while ensuring a steady income stream from investments.

Fund Overview

• - Fund Manager: NBI Kusatsu Development LLC
• - Anonymous Partnership Investors: ER27 Co., Ltd. (an SBI Securities group company)
• - Financial Advisor: Showa Lease Co., Ltd.
• - Lenders: Gunma Bank and Toa Bank
• - Asset Manager: NBI Holdings
• - Property Details:

- Name: Ura-Kusatsu Tou
- Location: 300 Kusatsu, Agatsuma-gun, Gunma Prefecture
- Access: 3-minute walk from Kusatsu Onsen Bus Terminal
- Number of Rooms: 56 (including 4 with private outdoor baths)



NBI Holdings has set ambitious goals, with plans to invest more than 50 billion yen (about $500 million) across various hotels and inns in Japan by March 2027, in collaboration with domestic institutional investors and financial institutions. The strategy includes diverse investment opportunities, focusing on properties that generate stable cash flows like Ura-Kusatsu Tou, thereby fostering a wider range of investment prospects aiming to uplift Japan's hotel sector.

Company Profiles

NBI Holdings Inc.

• - CEO: Takayuki Kanaya
• - Headquarters: 16th Floor, Imperial Hotel Tower, 1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo
• - Established: August 20, 2024
• - Capital: 500 million yen
• - Business: Real estate investment, financial services, local revitalization

SBI Securities Co., Ltd.

• - CEO: Masato Takamura
• - Headquarters: 1-6-1 Roppongi, Minato-ku, Tokyo
• - Founded: March 30, 1944
• - Capital: 69.3 billion yen
• - Business: Comprehensive online securities services

Showa Lease Co., Ltd.

• - CEO: Shinsuke Yasuyama
• - Headquarters: 2-4-3 Nihonbashi Muromachi, Chuo-ku, Tokyo
• - Founded: April 2, 1969
• - Capital: 29.36 billion yen
• - Business: Comprehensive leasing, financing of various equipment types

In conclusion, the new fund by NBI Holdings and SBI Securities marks a significant step towards revitalizing Japan’s local economies through strategic investments in the hospitality sector. With a focused approach on enhancing hotel facilities, the partnership promises not only stability in income but also an increased value creation for the region’s tourism landscape.