JR Kyushu acquires hotel in Thailand for 2 buildings for 10 billion yen and announces overseas entry

JR Kyushu announced on the 25th that it has entered the overseas real estate business.

Through a hotel management company established in Bangkok, Thailand, we acquired a ``serviced apartment'' hotel in the city center that allows long-term stays from a local company on the 20th for approximately 10 billion yen. Started operation. President Toshihiko Aoyagi said, ``This facility is convenient for business people staying for a long period of time.One way is to bring this type of business to Japan.'' Prior to acquiring and operating hotels locally, in November, JR Kyushu and other companies invested to establish Thailand JR Kyushu Business Development (Bangkok) with capital of 375 million baht (approximately 1.3 billion yen).

The newly acquired serviced apartment, Somerset Lake Point Bangkok, located in central Bangkok, has two buildings, one 32-story and the other 27-story, with a total of 429 rooms.

There is also a shared pool and gym. President Aoyagi said, ``We would like to renovate one of the properties (of the acquired properties) and increase the average customer spend.If there is talk, we would like to consider a second or third property.''

At the press conference held on the 25th, it was also mentioned that JR Kyushu had proposed to Fukuoka City a project concept to connect Hakata Station with a ropeway in connection with the redevelopment of the "waterfront district" around Hakata Port. .
``It's cheap and allows mass transportation. It's one-seventh the cost of the subway and transports one-half the volume. It's beautiful and good for sightseeing,'' he said, indicating his intention to further consider making it a reality. [Nihon Keizai Shimbun]

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