Global Expansion of the Hotel and Leisure Business Through the Acquisition of the StayWell Business
First written in FY2018-Q2. 14 of 21 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「In addition, the new company Ace Hotels Worldwide Inc. was established in September 2025, and Ace Group International LLC was made a subsidiary through the new company in September of the same year.」
The global hotel expansion progressed to the stage of acquiring Ace Group International LLC and its subsidiaries and incorporating the Ace Hotels brand and operating expertise. - FY2026-H1AdvancedAnnual report
「In addition, the new company Ace Hotels Worldwide Inc. was established in August 2025, and Ace Group International LLC was made a subsidiary through the new company in September of the same year.」
With respect to the global expansion of the hotel and leisure business, the Company established a new company in August 2025 and made Ace Group International LLC a subsidiary through it in September of the same year. In connection with this, the Company consolidated Ace Group International LLC and 19 subsidiaries, and applied the equity method to 2 affiliates. - FY2024-Q3AdvancedAnnual report
「株式会社西武・プリンスホテルズワールドワイド and Kitano Arms Corporation, the US subsidiary of 北野合同建物株式会社, rebranded and reopened the New York hotel The Prince Kitano New York (formerly The Kitano Hotel New York) on 1 December 2023. In addition, StayWell Holdings Pty Ltd rebranded and reopened Park Proxi Gibraltar Bowral on 6 September 2023 as the first Australian location of the lifestyle brand Park Proxi.」
As part of its overseas hotel expansion, the New York hotel was rebranded and reopened as The Prince Kitano New York, while the Australian hotel was rebranded under the Park Proxi brand. - FY2024-Q1AdvancedAnnual report
「In the overseas hotel business, 株式会社西武・プリンスホテルズワールドワイド is preparing to commence operations of The Kitano Hotel New York with Kitano Arms Corporation, the US subsidiary of 北野合同建物株式会社. RevPAR (yen) 12,733 32,435 Occupancy rate (%) 30.9 66.5」
Preparations to commence operations at a New York hotel progressed as part of the global hotel expansion, while The Prince Akatoki London's RevPAR and occupancy rate increased year on year. - FY2023-Q3AdvancedAnnual report
「RevPAR (yen) 5,388 23,762 Occupancy rate (%) 14.1 47.6」
The Prince Akatoki London's RevPAR increased year on year from ¥5,388 to ¥23,762, while its occupancy rate increased from 14.1% to 47.6%, indicating continued recovery. - FY2023-Q1AdvancedAnnual report
「In the overseas hotel business, 株式会社西武・プリンスホテルズワールドワイド entered into an agreement on 7 June 2022 with Kitano Arms Corporation, the US subsidiary of 北野合同建物株式会社, concerning a management contract for The Kitano Hotel New York.」
In its global hotel expansion, the Company entered into a management contract for a New York hotel, adding the management-contract model to its operations. - FY2022SoftenedAnnual report
「In addition to the luxury brand The Prince Akatoki, StayWell Holdings Pty Ltd operates hotels under Park Regis and Leisure Inn, for a total of 3 brands at 27 locations in 9 countries, primarily Australia, with 3,826 rooms.」
StayWell's operating scale contracted from the 29 locations in 9 countries and 3,934 rooms reported for the previous fiscal year to 27 locations in 9 countries and 3,826 rooms. - FY2022-Q3WorsenedAnnual report
「RevPAR (yen) 7,259 5,388 RevPAR (pounds) 53.78 36.97 Average daily rate (yen) 29,871 38,318 Average daily rate (pounds) 221.29 262.93 Occupancy rate (%) 24.3 14.1」
The Prince Akatoki London's RevPAR decreased year on year from ¥7,259 to ¥5,388, while its occupancy rate decreased from 24.3% to 14.1%. - FY2022-Q2WorsenedAnnual report
「RevPAR (yen) 8,973 1,569 RevPAR (pounds) 66.47 10.77 Average daily rate (yen) 29,910 37,032 Average daily rate (pounds) 221.59 254.10 Occupancy rate (%) 30.0 4.2」
The Prince Akatoki London's RevPAR decreased year on year from ¥8,973 to ¥1,569 on a yen-converted basis, while its occupancy rate decreased from 30.0% to 4.2%. - FY2022-Q1Suspension of operating metrics for The Prince Akatoki LondonAnnual report
「RevPAR (yen) 18,019 0 RevPAR (pounds) 133.49 0.00 Occupancy rate (%) 60.0 0.0」
The Prince Akatoki London's RevPAR was ¥0 and its occupancy rate was 0.0% in the first quarter. - FY2021AdvancedAnnual report
「StayWell Holdings Pty Ltd operates hotels under 3 brands, including the luxury brand The Prince Akatoki, Park Regis and Leisure Inn, at 29 locations in 9 countries, primarily Australia, with 3,934 rooms.」
StayWell's overseas hotel operations were reported at a scale of 29 locations in 9 countries, with 3,934 rooms across 3 brands. - FY2020-Q3RestatedAnnual report
「In addition, newly opened hotels operated by StayWell Holdings Pty Ltd contributed to higher revenue. The Arch London, operated by AB Hotels Ltd, whose business was acquired in the previous fiscal year, was rebranded and reopened in September 2019 in London, UK, as the first location of the overseas luxury brand The Prince Akatoki.」
The rebranding and reopening of The Arch London as the first location of The Prince Akatoki, as well as the contribution of newly opened hotels to higher revenue, has been confirmed. - FY2020-Q2AdvancedAnnual report
「In addition, newly opened hotels operated by StayWell Holdings Pty Ltd contributed to higher revenue. The Arch London, operated by AB Hotels Ltd, whose business was acquired in the previous fiscal year, was rebranded and reopened in September 2019 in London, UK, as the first location of the overseas luxury brand The Prince Akatoki.」
The Arch London, acquired through StayWell, was rebranded and reopened in September 2019 as the first location of The Prince Akatoki. - FY2020-Q1AdvancedAnnual report
「In addition, at StayWell Holdings Pty Ltd, AB Hotels Ltd, whose business was acquired in the previous fiscal year, and newly opened hotels contributed to higher revenue.」
The AB Hotels business acquired through StayWell and newly opened hotels contributed to higher revenue in the hotel and leisure business. - FY2019-Q3AdvancedAnnual report
「In addition, 株式会社プリンスホテル acquired shares in AB Hotels Ltd, the operator of The Arch London, a luxury hotel in London, UK, through its subsidiary StayWell Holdings Pty Ltd. The hotel will be rebranded from summer 2019 onward as the first overseas location of The Prince AKATOKI, a luxury brand that 株式会社プリンスホテル plans to develop internationally. Through this initiative, the Company will further expand the global presence of its hotel and leisure business.」
The acquisition of shares in the operator of The Arch London through StayWell was completed, and a plan was announced to rebrand the hotel as the first location of The Prince AKATOKI from summer 2019 onward. - FY2019-Q2RestatedAnnual report
「In addition, StayWell, whose business was acquired in October 2017, contributed to higher revenue.」
StayWell's contribution to higher revenue following the business acquisition has continued to be confirmed. - FY2019-Q1AdvancedAnnual report
「In addition, StayWell, whose business was acquired in October 2017, contributed to higher revenue.」
The StayWell business was confirmed to have contributed to higher revenue in the hotel and leisure business after its acquisition and the start of operations. - FY2018-Q3AdvancedAnnual report
「StayWell Holdings Pty Ltd, established on 3 July 2017 as part of the hotel and leisure business, completed the acquisition of the businesses of 22 subsidiaries of StayWell Hospitality Group Pty Ltd, which operates hotels primarily in Australia, on 4 October 2017 and began operations.」
The disclosure specifically states that the acquisition of the businesses of 22 subsidiaries related to the StayWell business was completed and operations commenced. - FY2018-Q2First statedAnnual report
「To acquire and operate the business of StayWell Hospitality Group Pty Ltd, which operates hotels primarily in Australia, the Company established StayWell Holdings Pty Ltd, part of its hotel and leisure business, on 3 July 2017. In October 2017, 株式会社プリンスホテル acquired the business of StayWell Hospitality Group Pty Ltd, which operates hotels primarily in Australia. Through these initiatives, the Company will further expand the global presence of its hotel and leisure business.」
A subsidiary was established to acquire and operate the StayWell business, and the business acquisition was completed in October 2017. This was the first indication of a policy to expand the global presence of the hotel and leisure business through the acquisition.