King Of Nails IV 0 Posted July 10, 2006 Share Posted July 10, 2006 We've all heard about Kokudo selling off resorts, but I have heard a rumour of another well known resort going under.... Any guesses? Link to post Share on other sites
Fattwins 0 Posted July 10, 2006 Share Posted July 10, 2006 you never know but the big ones will never go down Link to post Share on other sites
BagOfCrisps 24 Posted July 10, 2006 Share Posted July 10, 2006 Oh go on, tell us... Link to post Share on other sites
SnowJapan Admin SnowJapan#Andrew 6 Posted July 10, 2006 SnowJapan Admin Share Posted July 10, 2006 There is actually some rather big news coming soon which took me by surprise. I'm sure we'll all be hearing about it very soon (I don't think it is really appropriate for me to announce it here). Link to post Share on other sites
Thunderpants 0 Posted July 11, 2006 Share Posted July 11, 2006 SJ1 good or bad ? Link to post Share on other sites
montoya 0 Posted July 11, 2006 Share Posted July 11, 2006 looks like the news is out... http://www.asahi.com/national/update/0710/TKY200607100283.html http://www.araimt.com/ Link to post Share on other sites
NoFakie 45 Posted July 11, 2006 Share Posted July 11, 2006 So much for the overseas market saving the day.... 530 cancelled trains isn't going to help anyone, but when ski industry people say kibishii, you can take it that they mean kibishii. Link to post Share on other sites
rezinate 0 Posted July 11, 2006 Share Posted July 11, 2006 damn, wish id been there for the season last year!! Link to post Share on other sites
cal 6 Posted July 11, 2006 Share Posted July 11, 2006 Am I understanding that correctly? Arai closing? Link to post Share on other sites
King Of Nails IV 0 Posted July 11, 2006 Author Share Posted July 11, 2006 Yes...looks like the rumor was right.....sad Link to post Share on other sites
rezinate 0 Posted July 11, 2006 Share Posted July 11, 2006 that doesnt mean its not gunna be bought by another compan dirt cheap and remain open though does it? Link to post Share on other sites
2pints-mate 0 Posted July 11, 2006 Share Posted July 11, 2006 A bit of a shocker. Arai was probably going to be one of the places we visited this next winter as well. Link to post Share on other sites
big-will 7 Posted July 11, 2006 Share Posted July 11, 2006 I might have expected run down rubbishy places to close, but wouldn't have guessed Arai. Link to post Share on other sites
mattlucas 0 Posted July 11, 2006 Share Posted July 11, 2006 Wow That's pretty sad Hope it gets bought up Link to post Share on other sites
Fattwins 0 Posted July 11, 2006 Share Posted July 11, 2006 wow someone might buy it with a reduced debt. the resort was saddled with bubble debt just like any resort built around that time. Link to post Share on other sites
Yuki's Passion 1 Posted July 11, 2006 Share Posted July 11, 2006 wonder what Blair is gonna do Link to post Share on other sites
scouser 4 Posted July 11, 2006 Share Posted July 11, 2006 Yeah tell us about it Blair. Sorry to hear that. Link to post Share on other sites
Fattwins 0 Posted July 11, 2006 Share Posted July 11, 2006 Lets wait and see what actually happens to the resort. The small resort here was taken over by the locals with zero debt owed. Link to post Share on other sites
rach 1 Posted July 11, 2006 Share Posted July 11, 2006 The English site has been updated too http://www.araimntspa.com/ Link to post Share on other sites
rach 1 Posted July 11, 2006 Share Posted July 11, 2006 While of course someone might buy it up etc, it must be pretty glum times for that region at the moment. Didn't Prince just close a small place in the Myoko area as well? Link to post Share on other sites
NoFakie 45 Posted July 11, 2006 Share Posted July 11, 2006 The local paper has their debts at 11 oku (10 million US$). I thought they might have been more, but it doesn't look like they've ever had many customers. They've been forced out before the BOJ raises interest rates as well. If you can't survive on super-cheap credit, you really are in it. http://www.niigata-nippo.co.jp/pref/index.asp?cateNo=1&newsNo=2557 Someone will no doubt buy it up, but it still sends a bleak message. Arai seemed very modern in their outlook (well-maintained facilities, proper website, getting foreigners in, powder zones) but the people still haven't come. Link to post Share on other sites
Fattwins 0 Posted July 11, 2006 Share Posted July 11, 2006 Its just way out there really. Once you leave the tiny resort where are you? I found Myoko much more interesting as a town really. That resort will sell for 10 million easy if someone wants to buy it. Link to post Share on other sites
SnowJapan Admin SnowJapan#Andrew 6 Posted July 11, 2006 SnowJapan Admin Share Posted July 11, 2006 Quote: Someone will no doubt buy it up, but it still sends a bleak message It sure does. There are more than a few shocked reactions to this locally this morning - and I'm sure at many other ski resorts as well throughout Japan. We have worked closely with Arai for a few years now (not just SJ-related but their website as well), and I was not expecting this news when it came through yesterday. After putting a lot of effort into the work we have done with them, and knowing quite a few of the people over there, it it sad to hear. We wish everyone over there all the best... Link to post Share on other sites
Markie 0 Posted July 11, 2006 Share Posted July 11, 2006 That's such a pity. I liked that place a lot. If they ran it like Club Med in Sahoro, they would probably make a fortune. That resort is fully booked well in advance because hordes of foreigners go there, especially from HK. The main attraction is an English-speaking environment with guaranteed English-speaking ski instructors. I have many HK friends who make their reservations for Club-Med Sahoro in June to ski during the next Winter. I certainly hope someone buy-out the place and keep it going. Link to post Share on other sites
lin 0 Posted July 11, 2006 Share Posted July 11, 2006 Lots of foreigners actually do/did actually go to Arai and it is I think quite English-friendly... it was something they put a decent effort into. Link to post Share on other sites
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