KKR and Marriott International to Launch Midscale Hospitality Segment in Japan with Four Points Express by Sheraton
KKR & Co. Inc. (KKR)
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Source: Business Wire
Conversion of 14 hotels marks Marriott International’s debut of affordable midscale segment in Asia Pacific TOKYO--(BUSINESS WIRE)--KKR, a leading global investment firm, and Marriott International, Inc. (Nasdaq: MAR) today announced the launch of each company’s foray into the midscale hospitality space in Japan, which follows KKR’s completion of the acquisition of Unizo Hotel Company, Limited and a portfolio of 14 hotels in Japan from Unizo Holdings. The 14 hotels will be converted to Four Points Express by Sheraton. This marks Marriott’s entry into the affordable midscale segment in Japan and the brand’s debut in Asia Pacific following its global launch in this space in 2023.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240506764860/en/The portfolio of 14 hotels is located in major tourist destinations in 10 cities across Japan, including Hakodate, Morioka, Utsunomiya, Yokohama, Kanazawa, Nagoya, Osaka, Kyoto, Kobe, a
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