Spring Group to launch chain of hotels in Japan

Spring Group, the parent company of Shanghai-based Spring Airlines Co Ltd, is launching a new hotel brand in Japan in association with a local partner, marking its first entry into the overseas hotels sector.

The new brand, SpringSunny Hotel, is a joint venture between the group's Shanghai Spring Investment Management Co Ltd and Japan's Sun Frontier Fudousan Co Ltd, a Tokyo-listed property service provider.

Over the next three to five years, the two sides plan to invest more than 20 billion yen ($166 million) expanding the new brand in Japan's major tourism hotspots.