Prince Hotels Co., a member of the scandal-hit Seibu Railway group, is planning to pull out from the management of hotels in Kitakyushu and Singapore as contracts with the owners come to an end, company officials said Saturday.
Kitakyushu Prince Hotel and Crown Prince Hotel Singapore will no longer use the Prince Hotel brand name once the contracts are terminated, they said.
The withdrawal will be part of restructuring efforts by the Seibu Railway group following disclosure of the scandal that hit the group's core company, Kokudo Corp., this year.
Prince was commissioned to run the hotel in Kitakyushu by the owner, Mitsubishi Chemical Corp., which may redevelop the area around the hotel. The Kitakyushu contract runs out at the end of March. The Singapore contract expires at the end of this month.