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Japan's first Ritz-Carlton Reserve to land in Niseko

Malaysia's YTL Hotels also opens serviced apartment complex in Hokkaido

Niseko's stellar champagne powder snow attracts wealthy skiers and luxury hoteliers from around the world.

NISEKO, HOKKAIDO -- The chief of YTL Hotels on Thursday said his company will keep bulking up its luxury presence in the booming Niseko winter resort town, which has become a magnet for international capital.

At a news conference, Mark Yeoh, an executive director of Malaysia's YTL conglomerate, said the company will spend around 5 billion yen ($46 million) annually as it adds hotels and other facilities at its Niseko Village resort, located at the foot of the Niseko Annupuri volcano.

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