GREAT HOTEL SALE? Bankrupt Japan Airlines To Shed Hotel Assets

Insider Story Locations

Find our most recent stories tagged by their locations. Click here for more story locations.

Posted: 25 Jan 2010 | 6:00 am

Back of the bankruptcy of national carrier Japan Airlines reports in the financial press point that the airline will be forced to liquidate non-core assets which speculation suggests would include its hotel management arm and owned properties.

Currently JAL Hotels Company Ltd. under its Nikko Hotels International operates 45 hotels with 16,186 rooms while domestic geared Hotel JAL City has 13 properties with 2,526 room. That comes up to a total of 58 hotels or 18,712 rooms.

While the Global Financial Crises (GFC) has seen muted merger and acquisition activity, all signs point to the prospects of this perhaps being the deal to be done in 2010.

DO YOU LIKE THIS?

Insider up to the Minute

Cool Hunting - On the Web

Starwood Capital's eco chain brand
http://www.1hotels.com

Singapore flashpacking budget sleep
http://www.winkhostel.com

Top Manila travel and food blog
http://www.ourawesomeplanet.com

PHUKET WEATHER

The Green Report

A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:

Wellness Retreat Wins Award

Thai based group Zinc InVision have been recognized with a Senses Wellness Award for Best Medical Wellness Resort for The Farm at San Benito in the Philippines.

WEDNESDAY Business Crisis Management Seminar

After Phuket's recent tsunami and earthquake scares, environmental organization SEEK have arranged Business Continuity Management for Crisis Situations seminar.