Seibu Holdings' hotel profit slips even as room rates recover, while a property acquisition carries the group's earnings

Prince Hotels (プリンスホテル) owner Seibu Holdings raised its full-year revenue and profit guidance, but the gain came mostly from real estate and an acquisition, not from hotels: its core hotel-and-leisure segment grew revenue yet posted a smaller profit, as staff costs outran a recovery in room rates -- and the group pushed back a major Tokyo hotel redevelopment by five years.

The floortok desk · 3 min read · 12 November 2026