One of the primary Japanese companies that operate love hotels, Japan Leisure Hotels, is going public with an IPO on the London Stock Exchange Aim Market. A 'love hotel' is a hotel which rents rooms for just a few hours instead of by the day.
The company currently owns five of these hotels and pays a yield of 8%. They plan non raising approximately $200 million.
It is interesting! I never thought a love hotel will be publicly listed!
In fact, there are these kind of hotels available in Hong Kong (where I live and was born) but they are operating in a small fashion and would never think of organizing their companies to offer their shares. It is really amazed me!
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