Tetsu Group completed its investment in Japanese hotel chain MONday

On April 1, Tetsu Group and private equity fund Owing Ocean Link jointly announced that they had completed their investment in Japanese hotel chain brand hotel MONday. As a result, the commercial territory of Delong Group has further expanded to 20 brands, about 1440 hotels in operation and contracted.

It is understood that hotel MONday is an emerging hotel chain group in Japan. Its 24 mid tier hotels and apartment hotels are located in Tokyo, Osaka and Kyoto, of which 20 are located in Tokyo.

Delong Group said that this investment in hotel MONday has important strategic significance for the Asia Pacific layout of Delong Group.

Jiang Tianyi, the partner of Ocean Link in Ouling, said: "Ocean Link has long been deeply involved in the tourism field, and is optimistic about the global tourism industry as well as the inbound tourism market in Japan. The investment in hotel MONday is not only a further increase in our travel industry, but also an important milestone for Ocean Link's expansion in the Asia Pacific region."