Tokyu Land Corp! I haven't looked at that one. How much o'seas properties are in there? I have stayed at their resort in Palau. At onepoint they owned the Pan Pacific hotel in Vancouver Canada
I might be more tempted with a MITEY (Mitsubishi Estate) to play Japanese RE.
My Mistubishi Finance calls are up 20% in 2 sessions.
TOLAY: I read they sold their Vancouver hotel, but they have a big network through Pan Pacific.
Pan Pacific Hotels and Resorts is the international hotel operations of the Tokyu Group of companies, a multi-billion dollar organisation established in 1922 and with its headquarters in Tokyo, Japan. Domestically, Tokyu Group operates the largest hotel chain in Japan (Tokyu Hotels and Tokyu Inns) with 59 hotels (15,000 rooms).
In 1972, Tokyu Group formed an overseas hotel management company named Tokyu Hotels International, Inc. (THI) to manage its Asia Pacific properties. It opened its first hotel, the Sari Pacific in Jakarta, Indonesia in 1976. Later, a second hotel management firm, Emerald Management Company (EMC), was formed in Honolulu, Hawaii to co-ordinate development in the United States.
In 1989, Tokyu Group consolidated the operations of these two overseas companies (THI and EMC) under the trading name of Pan Pacific Hotels and Resorts. In June 1995, Pan Pacific Hotels and Resorts Pte Ltd was incorporated in Singapore to coincide with the relocation of the corporate headquarters from the United States to Singapore.
Pan Pacific has used this base to build strong financial foundations and a truly global perspective.
Hotels
panpacific.com |
