Royal Hotel has added Shiba Park Hotel and Park Hotel Tokyo to the RIHGA Royal Hotel Group.
On November 11, Royal Hotel announced the acquisition of shares in Shiba Park Hotel, making it a subsidiary. The acquisition cost was 3.11 billion yen, and shares were acquired from 11 existing shareholders here.
Royal Hotel is planning rebrandings of the RIHGA Royal Hotel (Osaka) and openings of new hotels in Okinawa Chatan, Osaka Namba, Fukuoka, and Hiroshima.
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