Mingtiandi
Username
Unizo’s portfolio of hotels includes the Hotel Unizo Tokyo Shibuya
In today’s roundup of regional news headlines, a creditor calls into question the solvency of Japanese hotel operator Unizo, Singapore home sales reach their highest level in more than two years, and the retreat of foreign banks from pricey Hong Kong office space threatens to depress rents.
Hong Kong-based Asia Research Capital, a creditor of Unizo Holdings, said the Japanese hotel operator is likely insolvent and that filing a bankruptcy protection would be an option to protect creditors. Unizo was not immediately available for comment.
US investor Lone Star last year beat out global buyout firms Blackstone Group and SoftBank-owned Fortress Investment Group to take control of Unizo.