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Chinese firms invest in Japan’s hotel chain

04/02/2024| 12:38:35 PM| 中文

The investment follows a recent recovery of the tourism industry in Japan.

Asian private equity firm Ocean Link and tourism investment firm Delonix Group plan to invest in Japan’s Hotel MONday to help fuel expansion at home and in the Asia Pacific region.

Ocean Link is one of the founding investors of Delonix, and its board of directors includes Delonix chairman Alex Zheng and Trip.com Group chairman James Liang as members, according to Ocean Link’s official website.

The equity investment gives them a stake in an operator of 24 properties in key tourist destinations in Tokyo, Kyoto, and Osaka under the Hotel MONday and other brands, according to a statement on Monday.

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TAGS: Ocean Link | Delonix | MONday Chain | invest
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