Okura Obtains Controlling Interest in Nikko/JAL Hotels
Category:
Hotels, Posted:31 Aug 2010 | 06:00 am
In what many hotel industry analysts had pegged as a likely takeover target for global hotel players has turned into a domestic play with Hotel Okura now taking a leading ownership role in JAL Hotels.
Back of much speculation when Japan Airlines entered into bankruptcy proceedings early this year, the hospitality arm with brands Nikko and JAL City who have 60 properties in operation drew considerable interest.
The new marriage pairs Okura's 40 hotels into a larger group. In Thailand the TCC group is developing an Okura in Bangkok at a strategic location on Wireless Road and Sukhumvit which is set to open in 2012.
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New Onyx and Equatorial JV Hotel for Kata Phuket
Category: Hotels|Real estate|Tourism, Posted:19 Nov 2024 | 09:27 am A new 180-room branded property, the EQ Phuket has been announced for Kata Beach. The property, which is located next to Club Med, was developed by a joint venture between Thailand’s Onyx Hospitality and Malaysia’s Equatorial Group. Investment into the project is THB2.5 billion (approximately USD72 million). Equatorial Group, a legacy Asian hotel group, has […]Read more
