NSSK acquires Japanese hotel operator

Founded in 1986, Hotel Castle Inn owns and operates six hotels in the Chubu region, including 826 guest rooms primarily targeted at business travelers. The business aims to differentiate through affordable pricing and amenities such as accessible parking spaces and Japanese-style hot spring bathing facilities. 

NSSK has described the company as having a stable and loyal customer base resulting in steady revenues and strong profit margins. According to a release, the firm will aim to increase revenue through an initial focus on accounting, finance, compliance, and corporate identify, as well as environmental, social and governance issues.

The GP invested via its Chubu-Hokuriku Vitalization Fund, which reached a first close of JPY3 billion ($27 million) in 2016 with a view to backing small to medium-sized companies in Japan's relatively underinvested central regions. The Chubu-Hokuriku economic zone generates JPY94 trillion in annual GDP.

Previous activity by the fund includes an approximately JPY1 billion investment last year in Sora Group, a restaurant franchise operator with more than 30 locations including Japanese and Chinese restaurants, pizzerias, and bakeries, in Nagoya and surrounding areas.

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• Topics
• North Asia
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• Buyouts
• Japan
• NSSK
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• M&A