Jan 6, 2015

Hotel Okura Co. to enter Turkish market

Hotel Okura Co. is planning to enter the Turkish market by operating about five hotels there over the next five years, company officials said. Okura will take a 44 percent stake in a joint venture capitalized at around ¥50 million to be established with ...

Apr 10, 2014

Chagrined Seibu cuts IPO value 73%

Seibu Holdings Inc., owner of Japan’s biggest hotel chain, reduced the size of its initial public offering by at least 73 percent with its largest shareholder opting out after investors balked at the valuation. Seibu is seeking as much as ¥50.1 billion ($491 million) ...