Marriott And KKR Collaborate To Introduce Affordable Midscale Hotels In Japan With Four Points Express, Converting 14 Properties

Author: Benzinga Newsdesk | May 07, 2024 04:09am

Conversion of 14 hotels marks Marriott International's debut of affordable midscale segment in Asia Pacific

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.

Posted In: KKR MAR