Polaris Holdings Co., Ltd.
Notice Regarding the Conclusion of a Fixed-Term Building Lease Contract for the Hotel Property ‘KOKO HOTEL Premier Tokyo Bay Makuhari’ in Chiba City, Chiba Prefecture
Polaris Holdings has entered into a 20-year fixed-term building lease contract for the 301-room hotel property 'KOKO HOTEL Premier Tokyo Bay Makuhari' in Chiba City, Chiba Prefecture, with business operations scheduled to commence on June 18, 2026.
Key Figures
- Number of Guest Rooms: 301 rooms (KOKO HOTEL Premier Tokyo Bay Makuhari)
- Contract Period: 20 years (Fixed-Term Building Lease Contract)
- Hotel Operation Start Date: 2026-06-18
AI要約
Overview of the Hotel Property Lease Contract
Polaris Holdings Co., Ltd. has jointly invested with the Star Asia Group and concluded a 20-year fixed-term building lease contract with Johnstown LLC on March 27, 2026, for the 'KOKO HOTEL Premier Tokyo Bay Makuhari' hotel property located in Chiba City, Chiba Prefecture. The property comprises 301 rooms and is situated in the highly accessible Makuhari New City area, primarily featuring twin rooms targeting leisure demand, with a large public bath on the top floor. The hotel will open as a new establishment under the 'KOKO HOTEL Premier' brand, with operations commencing on June 18, 2026.
Future Outlook and Expansion of Operation Platform
There is no impact on the consolidated results for the current term due to the conclusion of this lease contract. However, based on the medium-term management plan, the company is advancing the expansion of its hotel operation platform. After commencing operations of this property in June 2026, the total number of operated guest rooms is expected to reach 16,209. Several new hotel openings are scheduled domestically and internationally, strengthening hotel operation project acquisitions as part of its growth strategy.
