Goldman Sachs flirts with Japan's love hotels - Travel News Daily

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March 10, 2005

Goldman Sachs flirts with Japan's love hotels

By William Sparrow

Japan's booming love-hotel industry is rumored to have attracted the attention of Goldman Sachs, the US-based heavyweight investment bank, brokerage and financial management house.

Word on the street, according to CBS MarketWatch, is that Goldman may be seeking to purchase Japanese company UFJ Holdings' CMA's commercial lending unit. UFJ's diverse holdings via CMA's commercial lending unit center on real estate and include golf courses, gaming parlors and "love hotels" or "short stay" lodges that have become a mainstay in Japanese culture, valued at US$429 million.

Goldman Sachs flirts with Japan's love hotels, continued

Posted by Joe E on March 10, 2005 07:50 AM
Category: Travel News Tidbits

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