Lone Star Funds Buys $1.9B Majority Stake in Japanese Hotel Chain Unizo Holdings

DALLAS — Dallas-based private equity firm Lone Star Funds has acquired a $1.9 billion majority interest in Unizo Holdings Co. Ltd., a Japanese owner-operator of hotels and office buildings. Reuters initially reported the news, citing a statement from Unizo that Lone Star had purchased 86.6 percent of its outstanding shares in an open bid that began in December. According to its website, Unizo’s U.S. portfolio includes six office buildings totaling 1.6 million square feet in Washington D.C.