Care Homes and Hotels in Japan Shut as Expansion Strategy Unravels

7 hours ago

Hotel New Daishin in Choshi, Chiba Prefecture, closed suddenly in late 2025, leaving guests unable to contact it, with reopening plans delayed.
The operator acquired at least 37 hotels and nursing care facilities nationwide since 2020; at least 24 are now closed or out of business.
Financial deterioration led to unpaid expenses and wages, forcing closures, displacing residents, and creating severe operational issues.
The business model involved acquiring facilities cheaply (1-5 million yen) and reselling to Chinese buyers at high prices (40-100 million yen).
The company's president, of Chinese origin, promoted investments linked to Japan's Business Manager visa system for residency acquisition.
Despite internal warnings about losses, acquisitions continued based on location, with visa processing costs included in buyer fees.
The president declined to comment on unpaid wages or operations, stating legal counsel was required for any interview.

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