Japan's struggling hotel sector has begun to turn to securitization as a way of lifting itself out of the doldrums. Several hotel groups have begun to talk to bankers about possible deals, with the hotel arm of All Nippon Airlines leading the way.

ANA has announced plans to securitize 10 of its 28 hotels, starting with a transaction backed by the company's flagship property, ANA Hotel Tokyo. That deal is scheduled for the first half of next year and is expected to raise about 70 billion ($657 million), a company official confirmed.

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