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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 Airlift To Koh Samui Is Back

Category: Tourism, Posted:23 Oct 2020 | 16:26 pm Bangkok Airways has announced the return of flights between Phuket and Koh Samui. According to the Phuket News service commences Sunday, October 25th leaving Phuket at 12:20 pm and arriving in Samui at 1:15 pm. There will also be a resumption of flights between Phuket and Hat Yai between Phuket and U-Tapao (Pattaya). The return […]
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Khao Lak Hotel Supply Continues To Expand

Category: Hotels, Posted:22 Oct 2020 | 06:00 am Despite the downturn of Covid-19, hotel investment confidence in Khao Lak remains positive in the long term. One sign of this is a newbuild Pullman-branded Khao Lak Resort Is set to open on 1st December. The 253-key beachfront hotel and villa property features a design by Martin Palleros of Tierra Design.  Palleros is the architect […]
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Minor’s Bill Heinecke Speaks Out About Chinese Return

Category: Hotels, Posted:21 Oct 2020 | 11:40 am We had a candid conversation a few days ago with Minor International’s Founder and Chairman Bill Heinecke about Thai tourism. Two key takeaways from the conversation were: The Asian financial crisis of 1997 was a walk in the park compared to the damage to the Thai economy during Covid-19. Thailand must find a way to […]