JAL Mileage Bank - Jal seeks to sell Hotels and Inflight Service divisions...

ホテル・機内食会社の売却決断＝日航、前倒しで交渉入り
12月25日3時0分配信 時事通信
　経営再建中の日本航空がホテル運営と機内食事業の2子会社の売却を決め、譲渡先の選定を始めたことが24 日、明らかになった。日航はグループ再編を年明けに確定する経営再建計画に盛り込む予定だが、財務状況が急 速に悪化。官民出資の企業再生支援機構の支援決定を待たず、前倒しで資産売却の交渉に入った。
　売却対象は、国内外で約60のホテルを運営する「jalホテルズ」（本社東京）、機内食事業を手掛ける「 ティエフケー」（千葉県成田市）とその関連会社。日航はみずほコーポレート銀行グループなどを仲介役に起用 し、国内外の事業会社や投資ファンドに株式取得を打診。来年の早い時期に計500億円弱での売 却を目指す。

And a bad google translation:

Sale of the company's decision meals = Nikko Hotel, enter into negotiations ahead of schedule
December 25 newsletter delivered 3:00 minutes
Meals and hotel management business of bankrupt Japan Airlines decided to sell two subsidiaries, which may transfer started the selection of 24, according to sources. JAL plan will be included in the new year to decide on a restructuring plan to reorganize the group, the rapidly deteriorating financial situation. Without waiting for a decision support mechanism supporting public-private investment companies play began negotiations to sell assets ahead of schedule.
For sale, which operates about 60 hotels at home and abroad "jal Hotels" (Tokyo Head Office), maker of business meals "Tiefuke" (Chiba, Japan) and its affiliates. JAL Group to appoint a mediator and Mizuho Corporate Bank, approached the acquisition of shares in domestic and foreign companies and investment funds. A total of 500 early next year aims to sell nearly 100 million yen

JAL has put up a response on its home page, basically saying that it is "currently not a decided fact" and that they still intend to maintain the businesses.

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一部報道等において当社子会社に関する報道がなされておりますが、この報道は当社が発表したものではなく、 現時点で決定した事実はございません。
株式会社JALホテルズはJALのホテル事業を一元的に担っており、今後もJALグループの一員としてJA Lブランド（ホテル日航/JALシティ）を使ったホテル事業を継続することに変わりはございません。
機内食子会社についても現時点で決定した事実はございません。
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Interesting non-denial.....looks like someone is leaking JL inside info to the media! Let the sale begin......

Because frenzied selling of assets which may still be making them money is such a bright idea... I wish they'd make up their minds, ST or OW (and the money either brings), and stay in one piece.

Think about it their closest rival sold off their hotels during the peak of the market getting top dollar. You would have thought that the brain trust that was managing JL would have said "good idea" let's copy them! Instead they wait till the asset is worth much less.....:o

Which is why I don't think it makes sense now.

Think about it their closest rival sold off their hotels during the peak of the market getting top dollar. You would have thought that the brain trust that was managing JL would have said "good idea" let's copy them! Instead they wait till the asset is worth much less.....:o

That is because unlike ANA, JAL has no hotels to sell. JAL Hotels only mange the hotels owned by other people. So selling the hotel units off won't be such big of a deal compare to ANA's.

I've thought for years that JAL should get out of the hotel business. Their hotels aren't very good and are terribly inconsistent in terms of amenities and room size. Almost any Hilton/Marriott/other major US chain hotel is better than most Nikko hotels. The only Nikko Hotels I've enjoyed are the one in o-Daiba (Tokyo) and the Nikko Alivila in Okinawa. The others were all big disappointments.

I've thought for years that JAL should get out of the hotel business. Their hotels aren't very good and are terribly inconsistent in terms of amenities and room size. Almost any Hilton/Marriott/other major US chain hotel is better than most Nikko hotels. The only Nikko Hotels I've enjoyed are the one in o-Daiba (Tokyo) and the Nikko Alivila in Okinawa. The others were all big disappointments.

For some reasons I like Nikko NRT much better than Hilton NRT, not to mention I am HH Gold, the room I got at Hilton is downright poor compare to Nikko.