Japan Airlines International (JALI), a subsidiary of Japan Airlines Corporation (JAL) will sell 79.6 per cent of its shares in JAL Hotels (JHC) to Hotel Okura in a stock transfer agreement.
The brand names of Hotel Nikko and Hotel JAL City will be retained with no change to the Mileage Programme so hotel guests can continue to accumulate miles and use JAL coupons at JHC hotels.
According to a report in asiatraveltips.com, Hotel Okura started with its first property - Hotel Okura Tokyo, in 1962 prior to the Tokyo Olympic Games. Since then, it has become a leader in its industry in Japan, operating a total of 21 hotels in major cities - 16 in Japan and five overseas, including at famous resort destinations.
Since its founding in 1970, JHC has become one of few Japanese hotel operators to develop into a major international franchise. It manages a total of 58 hotels (18,087 rooms) with 40 properties in Japan and 18 overseas, operating Hotel Nikko as its flagship brand and Hotel JAL City as a complementing chain of high quality business hotels.
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