Kasuk's Significant Involvement in the Latest Sumu Hotel Development Fund

Kasuk's Involvement in the Third Sumu Hotel Development Fund

Kasuk Inc., based in Shinjuku, Tokyo, under the leadership of CEO Keisuke Arai, is excited to announce its participation as a hotel operator in the third development fund of the new hotel brand, Sumu powered by Airbnb Partners. This fund has been established following the execution of non-recourse real estate loans from Gunma Bank, led by President Akihiko Fukai, and Musashino Bank, headed by President Kazumasa Nagahori. The asset management tasks have been entrusted to Sanko Asset Management, led by President Shigeo Takei. Notably, this marks the third installment in this series of development funds, with the latest project slated for completion in November 2025.

Background of the Project

This initiative is rooted in the Airbnb Partners program initiated by Airbnb Japan, aimed at promoting growth in the home-sharing market within Japan. Sumu, conceived under this partnership, seeks to elevate the standards of regional accommodation through innovative offerings. As the hotel operator in this venture, Kasuk has collaborated closely with Culture Convenience Club, known for spearheading content planning, and ADDReC, which oversees design supervision.

What Sumu Offers

With the increasing demand for inbound travel in Japan and the trend of longer stays, the appetite for group accommodations and immersive travel experiences is rapidly growing. In response to this demand, Sumu has adopted the brand philosophy, “There are stories you can’t find through mere sightseeing.” The latest development, titled Hotel Sumu Akihabara North powered by Airbnb Partners (provisional name), is expected to establish itself within Akihabara, a district synonymous with anime, gaming, and hobby culture. This venue aims to transcend the conventional travel experience, offering visitors local, authentic stays that evoke a sense of belonging beyond just being a tourist.

Kasuk plans to leverage its extensive experience and operational expertise gained over years in the hotel industry. By responding to the diverse accommodation needs and growth of the inbound market through Sumu's management, the company seeks to create new travel possibilities and enrich local staying values. Furthermore, it aims to contribute to the establishment of a sustainable tourism infrastructure that coexists harmoniously with local communities.

Overview of the Fund

- Fund Formation Entity: LLC Sumu Fund No. 3
- Senior Lenders: Gunma Bank, Musashino Bank
- Anonymous Association Investors: Japan Revival Sponsor Fund No. 6 Investment Business Limited Liability Partnership, Sanko Asset Management
- Asset Manager: Sanko Asset Management
- Operator: Kasuk Inc.

Target Property Overview

- Target Property: Hotel Sumu Akihabara North powered by Airbnb Partners (provisional name)
- Expected Completion: July 2028
- Location: Taito Ward, Tokyo
- Total Floor Area: 1,843.72 square meters
- Structure & Scale: Reinforced Concrete, 9 Stories (provisional)
- Design and Construction: CEE Corporation
- Design Supervision: ADDReC
- Planning: Culture Convenience Club

A Closer Look at Sumu

Airbnb Partners, inaugurated in 2018, has become a collaborative community that fosters the growth of the home-sharing market through partnerships with over 200 companies and organizations across Japan. This initiative is crucial for creating innovative ideas that spring from collaboration and the vibrant community surrounding it.

For more details on previous funds, please refer to the news releases for the first and second funds available on the respective websites.