Softbank-backed Fortress Investment Group placed a $1.3bn bid for Japan's hotel chain Unizo Holdings, thereby overtaking HIS' $398m bid. Japanese hotel operator Unizo Holdings said it would reject a bid by H.I.S. to raise its stake, adding that the offer lacked synergy and was priced low, setting the stage for a potential rare hostile bid in Japan. Unizo withdrew its support for Fortress Group's offer. Blackstone Group made its $1.6bn bid in October 2019. Fortress raises its bid for Unizo Holdings by 2.5%. Lone Star emerges as a white-knight bidder for Unizo. Blackstone Group raised it's offer to $1.75bn on January 28, 2020 and SoftBank-backed Fortress Investment Group raised its offer to $1.6bn on January 29, 2020. Blackstone Group has raised its proposed offer to $1.8bn on February 24, 2020. Fortress Investment Group said on March 19, 2020 that its tender offer for real estate and hotel group Unizo Holdings has ended in failure. Lone Star won a tender offer for Unizo on April 3, 2020.