Hotel in Osaka applies for Civil Rehabilitation Law with new corona 15:43 on April 27
On the 27th, an Osaka company that operates 27 hotels in Osaka, Hokkaido, etc. applied to the court to apply the Civil Rehabilitation Law. Due to a series of cancellations due to the spread of the new coronavirus infection, the total debt amounted to more than 15.7 billion yen.
On the 27th, it was "WBF Hotels & Resorts" headquartered in Osaka that applied for the Civil Rehabilitation Law to the Osaka District Court.
According to the company and lawyers, this company has developed 27 hotels centering on tourist destinations such as Osaka and Hokkaido, and has increased sales mainly due to the rapid increase in demand from foreign tourists.
However, in addition to the rapid decrease in the number of foreign tourists due to the spread of the new coronavirus, students also canceled graduation trips due to refraining from going out, and sales decreased.
This means that it was difficult for the company to continue business on its own.
It means that total debt amounted to over 15.7 billion yen.
According to the credit research company “Tokyo Shoko Research”, it is the largest total debt to date due to the impact of the new coronavirus.
"WBF Hotels & Resorts" commented, "There are companies that have announced support, and we would like to negotiate to rebuild our business."