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Japanese hotel group plans big expansion in Australia after local buyout

People & Companies / Latest News

Australia

Oct 06 2017

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Carolyn Cummins, The Sydney Morning Herald

The $55 million purchase by Prince Hotels, a subsidiary of Japanese Seibu Holdings, of the Australian-based operator Staywell Hospitality Group, will be used as a springboard for expansion across the country.

StayWell Hospitality Group operates two hotel brands, Park Regis and Leisure Inn, but has a combined network of 71 properties worldwide across 14 countries, of which 12 hotels are in Australia and have a managed turnover close to $300 million.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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