Fosun-affiliated Club Med to open Hokkaido resort in 2017
French resort operator Club Med signed a cooperation agreement with Yuyuan Tourist Mart on June 20. The companies will establish Club Med Tomamu within the Hokkaido Tomamu Resort area.
Scheduled to start operation in 2017, the new resort will be Club Med's second resort in Hokkaido, Japan's northernmost island. Club Med Tomamu will feature more than 20 ski trails of various difficulties and boast more than 50 activities, including professional ski courses and instruction.
Yuyuan Tourist Mart acquired 100% stake in Hoshino Resorts Group's ski destination resort in Hokkaido in November 2015 for USD 175 million. Fosun International holds a 29.9% stake in Yuyuan Tourist Mart.
Guo Guangchang, chairman of Fosun International, said that the company will look for more investment opportunities in the business and family sectors. Industries that are closely related to people's wealth, health and happiness will be the company's long-term goal.
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