Bain exits Japan hot spring operator to Lone Star
Bain Capital has sold Ooedo Onsen Monogatari Resorts & Hotels, a Japan-based traditional inn and hot spring chain operator it acquired nearly seven years ago, to Lone Star for an undisclosed sum.
The private equity firm first launched a sale process in late 2019 for the business. However, this was aborted due to reduced occupancy brought on by COVID-19 and uncertainty over a contract extension...
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