Capsule hotel management company filed for bankruptcy proceedings 20:55 on April 24 due to the influence of the new corona
A Tokyo company that used to operate low-cost capsule hotels in urban areas and airports has filed a petition with the Tokyo District Court to initiate bankruptcy proceedings. Are forced to leave in the spread of the new coronavirus, it is that the prospect of financing is no longer tired.
The bankruptcy proceedings were filed by "First Cabin," which operated low-priced capsule hotels mainly in urban areas such as Tokyo and Osaka, and four group companies.
According to the lawyer of the company and his agent, "First Cabin" operates 26 facilities nationwide, and recently opened at airports such as Kansai Airport and Haneda Airport to attract more customers.
However, in addition to that he had severe business environment continued in competition with other companies in the same industry, in order to prevent the spread of the new coronavirus, it is forced to leave, such as a hotel, is that the prospect of financing is no longer tired.
For this reason, we have filed a petition with the four companies in the group with the Tokyo District Court to commence bankruptcy proceedings.
The total debt is expected to reach 3.7 billion yen.
This month, two facilities will be closed, and five directly managed companies will be closed in the future. The other facilities have a franchise contract, and the owner will decide whether or not to continue operating.