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GREAT HOTEL SALE? Bankrupt Japan Airlines To Shed Hotel Assets

Category: Hotels, Posted:25 Jan 2010 | 06:00 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.

Other News

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Phuket’s Russian Winter Market Airlift Surge

Category: Tourism, Posted:14 Aug 2022 | 19:39 pm Direct airlift between Moscow and Phuket will resume with flights starting from 30th October. National carrier Aeroflot will offer daily service. Currently,  most Russian travelers fly via the Middle East on Emirates, Qatar, or Etihad. Singapore Airlines previously flew direct to Moscow and connected travelers via a number of flights to Phuket, but suspended services […]
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Global Experiential Hospitality Brand Selina Debuts In Southeast Asia

Category: Hotels, Posted:12 Aug 2022 | 18:12 pm One of the fastest-growing hospitality brands in the world Selina, has opened their first Southeast Asia property in Phuket, Thailand. The 52-key Selina Serenity Rawai Phuket is a conversion of what was previously an independently managed property, and prior to that had been operated by Outrigger Hotels and Resorts. Selina’s DNA is based on local […]
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BDMS To Open Medical Wellness Facility At Laguna Phuket

Category: Real estate, Posted:12 Aug 2022 | 10:27 am The Greater Cherngtalay area in Phuket is set to see a new international-standard medical and wellness facility from leading Thai group BDMS (Bangkok Dusit Medical Services). Located in the middle of the integrated resort development of Laguna Phuket at Canal Village, the offering is targeted at both a growing local and expatriate population and overseas […]
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