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ANA decision to affect four Okinawa hotels

Date Posted: 2006-10-27

All Nippon Airways is calling it quits in the hotel business.

The airline announced this week it is selling its hotel stocks to a British hotel chain in order to concentrate its efforts on airline operations. InterContinental Hotels Group is purchasing 74% of the ANA stock at an undisclosed price. ANA’s capital was only ¥30,000,000, but after the IHG takeover the capital will be raised to ¥830,000,000.

ANA has operated 33 hotels across Japan, in addition to three in Okinawa. A fourth ANA Okinawa hotel has been operating as a franchise. ANA officials say hotel sales haven’t been good, and business too slow. “Hotel business has become very highly competitive in Japan,” an ANA spokesman said, “so we decided to focus only on the airline business and give up the hotel business.”

Okinawa Harborview Hotel, Manza Beach Hotel and Ishigaki ANA Hotel are three ANA-owned properties in Okinawa Prefecture. A fourth, the Laguna Garden Hotel in Ginowan City, is a franchise. The three hotels will undergo a name change to IHG Hotels, but the future name for Laguna Garden is uncertain. A spokesman for IHG says the takeover is effective December 1st, but that name changes will take place next April.

ANA Hotels isn’t certain about the status of current employees. “We don’t know about them exactly, yet, but IHG is going to employ them. Salaries and other things will be decided by IHG,” a spokesman noted, adding “This doesn’t involve just Okinawa. This is going nationwide, as all mainland hotels are part of the deal.”

The airline will retain control of the lands and hotel buildings themselves, which are owned by ANA. Still, “we are sooner or later going to sell those too,” a spokesman said.

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