YTL Hotels expands Ritz-Carlton portfolio in Japan

KUALA LUMPUR (Jan 20): YTL Corp Bhd’s operating unit YTL Hotels has expanded the Ritz-Carlton Reserve portfolio with the opening of Japan's 50-room Higashiyama Niseko Village resort (pictured), which is the first Japanese Ritz-Carlton Reserve and YTL Hotels' fifth destination in Niseko Village, according to a news report by CLAD.

CLAD, quoting Higashiyama Niseko Village resort general manager Yasunari Kaji, reported that YTL Hotels owns the Higashiyama Niseko Village resort in Hokkaido.

"The experience at Niseko Village transforms with the seasons, using our breathtaking alpine setting to offer a connection to and exploration of nature,” Kaji was quoted as saying in the report on Wednesday (Jan 13).

It was reported that YTL Hotels acquired Niseko Village for six billion yen (US$58 million) in 2010 from PC One YK, a Japanese limited liability company.

YTL Corp’s website indicates that prior to Higashiyama Niseko Village resort’s opening, YTL Hotels is already running the Kasara Niseko Village Townhouse, Hinode Hills Niseko Village, Hilton Niseko Village and The Green Leaf Niseko Village.

At Bursa Malaysia’s 12:30pm break today, YTL Corp’s share price fell 1.5 sen or 2.1% to 70 sen, which gives the group a market capitalisation of about RM7.67 billion. The stock saw some three million shares traded.

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