April 10, 2018
Announcement of Capital Alliance with Ishin Hotels Group Co., Ltd.
It brings us great pride to announce a capital alliance between Hoshino Resorts Inc. (headquartered in Karuizawa, Nagano, CEO Yoshiharu Hoshino) and hotel management company Ishin Hotels Group Co., Ltd.
Hoshino Resorts has purchased 50% of the shares of Ishin Hotels Group from a special-purpose company (SPC) under the umbrella of Grove International Partners. The remaining 50% of shares will stay under the umbrella of the SPC and be jointly managed by Hoshino Resorts and Grove International Partners.
Ishin Hotels Group and its subsidiaries (hereafter “Ishin Hotels Group”) operate 15 “the b” brand hotels across Japan. While Hoshino Resorts will assign directors to Ishin Hotels Group, Ishin Hotels Group and all “the b” properties will continue to operate independently of Hoshino Resorts.
Given the current state of hotel and resort industry marketing trends, the need for investment in IT and associated systems and strategies is becoming increasingly crucial. Ishin Hotels Group and Hoshino Resorts believe that harnessing the advantages of scale will create a strong competitive advantage. To that end, we intend to proactively and aggressively work together to formulate and execute IT strategies.
[Ishin Hotels Group Co., Ltd. ]
Main Office: 10th Floor, Hulic Kamiyacho Building 4-3-13 Toranomon Minato-ku, Tokyo
Established: January, 2001
Capital: 100,000,000 JPY
Employees: 332 across the group (as of December 2017)
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