Japan Leisure Hotels joined Aim on 16 January 2008 when it raised £3.05m at 50p a share - after expenses the figure was £1.9m. This was much less than the Guernsey-registered investment company originally wanted. It valued JLH at £22.1m at the placing price. JLH is building up a portfolio of leisure hotels in Japan. These are hotels which rent out rooms for part of the day so each room can have a number of different customers in one day.