Monday, November 05, 2007

Love Hotels Goes Public

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.

1 comment:

proson said...

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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