“Love hotel” fund bought first property

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Friday November 12, 11:42

“Love hotel” fund bought first property

(by Sh. Nakata)

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Japan’s “love hotel” investment fund has bought its first property in the lucrative pay-by-the-hour inn sector.
The fund was created by MHS Capital Partners, which said it had spent about $2m on a 20-room hotel catering to couples seeking privacy.
Japan love inns are famous for their high profitability and now become a target for investors. There are around 17,000 love inns in Japan. They require minimum staff and can be hired up to six times a day.
"These middlemen are running round the love hotels telling vendors, ’You don’t have to accept standard Japanese pricing any more because we can get you a 30-40 per cent premium from these foreigners’," said Miro Mijatovic, head of MHS.

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