Love Hotels Looking for Investors
Japan’s love hotels are looking for investors.
One chain, Japan Leisure Hotels is worth some $43.68 million and wants to lure more capital with an IPO in London.
Promises of an 8% dividend and fast growth are the pitches.
Japan has some 25,000 love hotels…some letting out rooms for short stays for, um, busy people…yeah, busy people.
Japan Leisure Hotels says the industry is shielded from economic cycles and sweet returns are promised because of high room turnover.
Gosh…I hope they wash the sheets each time.
JLH wants to expand its assets to $625 million in the next five years.
Revenue per room…Y16,700/day = $150ish/day.
More rooms….more activity…more income. Seems reasonable to me.
I wonder if they will let me check out my investment from time to time.
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