ASIA Travel Tips.com

 

Ishin Hotels Group sells Hilton Otaru to Park Hotel Group

Search ASIA Travel Tips .com Latest Travel News Send to Friend Wednesday, 3 December 2008

Ishin Hotels Group has sold the Hilton Otaru in Japan’s Hokkaido prefecture to the Park Hotel Group. Currently managed by Ishin Hotels Group under a franchise agreement with Hilton International, Hilton Otaru will be rebranded by Park Hotel Group as the Grand Park Otaru.

Set within Wing Bay Otaru, one of Hokkaido’s largest indoor shopping malls, Hilton Otaru overlooks Ishikari Bay. The 296-room full-service hotel features four food and beverage outlets, and an extensive range of meeting facilities including wedding chapels. The hotel is directly connected via a walkway to JR Otaru Chikko station, which is on the main JR Hakodate line.

The acquisition of Hilton Otaru is Park Hotel Group’s first in Japan. “Noting the slowdown in investment activity by private equity funds, the sale demonstrates demand by Asian investors who are relatively free from non-recourse lending and may find opportunities in the current market,” said Mr Tom Sawayanagi, Managing Director Japan, Jones Lang LaSalle Hotels - exclusive advisor to Ishin Hotels Group.

Blessed with a natural coastline and mountain wilderness, Otaru is a popular resort destination with diverse marine attractions, historical buildings, and cultural attractions. Situated only 30 minutes from Sapporo, the harbour port town of Otaru is famous for its abundant seafood and is revered for the quality of its sushi.

In 2007 Otaru welcomed 7.4 million visitor arrivals. Supported by robust domestic demand and continued growth in international visitor arrivals from major source markets such as Taiwan and Korea (ROK) to the Hokkaido region as a whole, the market is expected to maintain a steady balance in visitor arrivals. 

Singapore-based Park Hotel Group currently owns and manages seven hotels in Singapore, China and Hong Kong. This includes its recent acquisition of the 338-room Grand Castle Hotel Xian, which will be rebranded as Grand Park Xian.

Based in Tokyo, Ishin Hotels Group owns and operates 24 hotels in Japan.

See other recent news regarding: Airlines, Aviation, Flights, HotelsPromotions, New Hotels, Jones Lang LaSalle, Ishin, Hokkaido, Hilton, Park Hotel Group

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Sustainable Hotels and MICE. Exclusive HD video interview with Grace Kang, Managing Partner of Greenview Hospitality. Criteo Travel Flash Report 2016. Exclusive HD video interview with Mr. Daniele Beccari, Global Head of Travel at Criteo. Chef Fernando Arevalo, originally from Bogota, Colombia, worked his culinary magic in New York and Hong Kong before moving to Singapore where he is today the Executive Chef of Artemis Grill on the 40th floor of Singapore's newest green building - CapitaGreen.
Sustainable Hotels and MICE Criteo Travel Flash Report Colombian Chef in Singapore
Exclusive HD video interview with Mr. Hiroshi Sawabe, Executive Director of the Office of International Tourism, at JATA (Japan Association of Travel Agents). In this interview filmed on 24 September at the JATA Tourism Expo 2016 in Tokyo, Japan, Mr. Sawabe speaks to Steven Howard of TravelNewsAsia about the status of tourism within the country. HD Videos from Sabre's Travel Technology Exchange APAC 2016. Sabre, a leading technology provider to the global travel industry, hosted over 500 members of the Asia Pacific travel industry at its inaugural Asia Pacific Travel Technology Exchange (TTX) conference in Beijing from 21 to 24 September 2016 Spa and Wellness Industry - HD Video Interview with MD of Thailand-based Destination Spa Management, Joy Menzies.
Japan Tourism Update Sabre TTX APAC 2016 Destination Spa Management
Jonathan Wigley, CEO of Travelodge Thailand, outlines expansion plans in HD Video Interview. Exclusive HD video interview with Myanmar's Minister of Tourism and Hotels, H.E. U Ohn Maung, about the status of tourism in the beautiful and mystical country of Myanmar (formerly known as Burma). Birth of a Luxury Thai Hotel Brand - HD Video Interview with Christopher E. Stafford, Chief Operating Officer of the newly formed 137 Pillars Hotels & Resorts.
CEO of Travelodge Thailand Myanmar Tourism Update Birth of Luxury Thai Hotel Brand
This HD video tour of Thai AirAsia X's brand new 337-seat Airbus A330-300 aircraft was filmed at Don Mueang Airport in Bangkok, Thailand on 14 May 2014  Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines (PAL) HD video of the interior and exterior of a Thai Vietjet Airbus A320-200.
Thai AirAsia X A330-300 PAL President & COO Thai Vietjet A320-200
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER

Latest Travel News
Advertising
Advertising

 
Copyright © 1997-2017 ASIATravelTips.com/TravelNewsAsia.com