Daiwa House Industry, headquartered in Osaka, has decided to sell a subsidiary that operates a resort hotel business.
The resort hotel business has been slow to recover due to aging facilities and the prolonged COVID-19 pandemic.
According to Daiwa House Industry, its subsidiary Daiwa Resort, which operates resort hotels nationwide under the brands such as Royal Hotel and Hotels & Resorts, is managing Ebisu Resort, which is managed by an asset management company specializing in hotels in Tokyo. will be sold to.
The sale is expected to be completed in April next year, with a total sale price of 55.6 billion yen.
“Yamato Resort” operates 24 hotels nationwide, including in Wakayama and Kyoto prefectures. The operating loss has been in the red for three consecutive years.
Daiwa House Industry operates “Daiwa Roynet Hotel” through another subsidiary, but the number of users is increasing due to the recovery of business trip demand, etc. In the hotel business, management resources are concentrated on business hotels that are expected to grow. It is a policy to let
