Royal Holdings will establish a joint venture with MHG INTERNATIONAL HOLDING (SINGAPORE), a Singaporean subsidiary of Minor Hotel Group.
Both companies will each invest 50%, forming the joint venture Royal Minor Hotels in March. The joint capital is set at 120 million yen, with Kohei Motoyama as the President and representative director, and Dillip Rajakarier (ディリップ・ラジャカリア) as the Vice President and representative director.
Minor Hotels operates over 500 luxury hotels and resort brand residences under 8 brands, such as “Anantara,” “Avani,” and “NH,” in 58 countries worldwide.
In Japan, the plan is to roll out three brands: “Anantara,” “Avani,” and “Tivoli,” with the goal of opening 21 hotels by 2035 and targeting sales of 21 billion yen.
Notice
This article was generated using automatic translation by GPT-4 API. The translation may not be accurate.
