[1] On 13 April 2007, All Nippon Airways sold its 13 domestic hotels to Morgan Stanley for about 280 billion yen.

[3][4][5] Following its acquisition, the operating rights of each hotel acquired by Morgan Stanley will be unified into "Panorama Hotels One" which was newly established by Panorama Hospitality, a subsidiary company of Morgan Stanley.

In July 2015, Horizon Hotels was sold to Hoshino Resorts,[6] and the transfer to other operating companies was completed.

[7] Since 2007, its acquisition by InterContinental Hotels Group has increased the total guest rooms networked.

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