TOKYO (Reuters) - Japan's secretive love hotels are opening up to European investors as one player in the sector prepares for a debut on London's stock market this month.From the look of it, these "love hotels" go the cheapie skank motel one better. You're not locked in to the traditional check-out times. Get your room for just an hour or two. After maid service (please let there be maid service) the room is ready for another short-term rental.
Japan Leisure Hotels, which owns five love hotels worth some 21 million pounds ($43.68 million) in Japan, hopes to lure investors to its IPO with an 8 percent dividend and promises of fast growth -- shedding light on a sector that is often associated with sleaze and organized crime.
(Reuters)
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