HANATOUR JAPAN will end operations of the T Mark City Hotel Sapporo (Sapporo, Hokkaido, Japan), which is operated by its consolidated subsidiary Allegroks TM Hotel Management, as of March 15, 2026.
It acquired the BlueWave Inn Sapporo in November 2014 and opened in April 2015. The hotel has 246 guest rooms. For the fiscal year ended December 2014, it recorded net sales of JPY 615 million and operating profit of JPY 101 million.
Due to the aging of the building and facilities, sharply rising maintenance costs and repair investment needs, and the limited scope for improving profitability under the current structure and specifications to address future lodging demand and market changes, the company will demolish the building after closing. No specific plan has been decided for how the site will be used.
Notice
This article was generated using automatic translation by GPT-4 API. The translation may not be accurate.
