They may be short stay, but JLH sees long-term future in love hotels | timesonline.co.uk
A British company aims to raise up to £50 million to fund an unprecedented buying spree of Japan's “love hotels” — exotic hostelries that have, for decades, offered convenience and fantasy to couples at a competitive hourly rate. The AIM-listed group Japan Leisure Hotels (JLH) will use the capital to exploit the still-falling Japanese property market and funding difficulties among would-be consolidators of love hotel chains in Japan itself. JLH said that it was planning to more than quadruple its present room total, eventually capturing the economies of scale that have long been elusive in the love hotel business.
