Water-soluble pyrenophanes possessing polycationic or amphiphilic side chains have been developed as synthetic host molecules to investigate hydrophobic and/or pi-stacking interactions. By utilizing omega-acetalic alkyl side chains to retain solubility and versatility, water-soluble macrocyclic pyrenophanes could be easily obtained by Stille coupling, followed by conversion of the acetal groups to hydrophilic substituents. Among the pyrenophanes synthesized, hexaammonium-, bis(diazoniacrown)-, and tetrakis[octa(oxyethylene)]-derived ones showed enough solubility in pure water. The former two cationic pyrenophanes strongly recognized anionic arenes including nucleotides, while the latter neutral one associated with monopyrenyl guests regardless of their electric natures. The strength of recognition for nucleotides by bis(diazoniacrown)pyrenophane depended on the number of phosphate moieties, decreasing in the following order: triphosphate >> diphosphate approximately monophosphate.