TOKYO -- Leading Japanese travel agency H.I.S. is launching a tender offer for real estate developer Unizo Holdings, hoping to expand hotel operations as price competition dims the prospects for its mainstay business.
H.I.S., known for its robot-staffed Henn na Hotels, on Wednesday announced plans to purchase up to 40% of Unizo's shares by spending as much as 42.7 billion yen ($394 million).
