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October 1, 2004
ISHIN HOTELS GROUP ACQUIRES THE KAGOSHIMA TOKYU HOTEL


Dear Now, We are increasingly delighted with your health and prosperity.

Lately, ISHIN HOTELS GROUP (COO: Michael Nigitsch, head office: Toranomon, Minato-ku, Tokyo), acquired the gKagoshima Tokyu Hotelh (206 guest rooms), and started management from October 1, 2004. The hotel concerned will continue management as a gKagoshima Tokyu Hotelh as franchise hotel of Tokyu HOTELS under the influence of an ISHIN HOTELS GROUP.

The gKagoshima Tokyu hotelh is a bay front hotel, which can desire an unparalleled view of grand Sakurajima and the Kinko-wan bay. A local visitor also uses widely as a base of the Kagoshima sightseeing and business since it opened in 1981.
In addition to opening of traffic of the Shinkansen, and the enormous push of the increase in a tourist from Asia, expansion of the further market will be aimed at in South Kyushu areas, such as upgrade of a wedding facilities, and complete modification of a restaurant and a guest room, introduction a relaxation spa using the hot spring. We are taking advantage of a national chain brand aiming at a few formation of a city resort hotel in the class of a first-class hotel from now on. The investment scale is planning hundreds of millions of yen.

Joint investment of gSoros Real Estate Investersh and a gWestmont Hospitality Grouph established the ISHIN HOTELS GROUP. Acquisition of gKagoshima Tokyu hotelh is added for gInternational Garden Hotel Naritah on September 28, and we have six hotels are affiliated with ISHIN HOTELS GROUP. Possession and management of a hotel are scheduled to continue be performed in various parts of domestic.
We ask our customers and concerned to give us much more guidance and encouragement in the future including a visitor.


Sincerely yours


The inquiry about this affair

Kyodo PR Inc.
charge: Takeuji, Hori, Ono
TEL : 03-3571-5171
FAX : 03-3574-1005


The Kagoshima Tokyu Hotel
Location: 22-1, Kamoikeshimmachi, Kagoshima, Kagoshima
Postal code: 890-0064
TEL:099-257-2411
FAX:099-257-6083

http://www.kg-tokyu-hotel.co.jp/

Opening day: September 25, 1981

Building outline:
Site area / 6,562 square meters
Building area / 4,500 square meters
Hotel total floor area / 14,934 square meters
Hierarchical / above grade: 10 floor/ basement level: 1 floor/ tower house: 2 floors

Operating facilities:
The number of guest rooms: 206
(Single, Twin, Deluxe Twin, Double, Suite)

Large middle banquet halls
a total of five rooms/ A total of 716 square meters

restaurant facilities
Hibiscus (European food)
Yamabuki (Japanese-style food)
Freesia (steakhouse)
Azalea (lounge)
Salvia (bar)

Additional facilities
pool
Natural hot spring gSPAh

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