Hotel Okura becomes majority owner of JAL Hotels

Hotel Okura Co., Ltd. has completed the acquisition of 79.6% of the issued and outstanding shares of JAL Hotels from JAL International, based on that certain share transfer agreement, executed on 6 August.

In addition, a set of candidates for the position of representative director was approved at an extraordinary shareholders’ meeting for JAL Hotels, and a board of directors’ meeting, each of which was held on 30 September 30. Mr. Marcel P. van Aelst, who is and shall be concurrently serving as the Executive Director and Managing Corporate Executive Officer of Hotel Okura Co., Ltd. and President and General Manager of Hotel Okura Amsterdam B.V.