Hoshino Resorts REIT, Inc.
Notice Regarding Change in Specified Related Party
Horizon Hotels Co., Ltd., which had been a specified related party, reduced its expected receipts for the period through the April 2027 fiscal term and ceased to be a specified related party as of October 30, 2026. There is no impact on management/operations, and the prescribed filings will be submitted in accordance with laws and regulations.
Key Figures
- Date of change: 2026-10-30
- Decrease in expected amount: Unknown
- Major related party: Horizon Hotels Co., Ltd. (removed from specified related parties of the investment corporation)
AI要約
Overview of the Change
The asset management company entrusted with property management by the investment corporation reviewed the amounts expected to be received from Horizon Hotels for the period from the October 2026 term through the April 2027 term. As a result, the total amount expected to be received during that period decreased compared with the prior term, and the three-year average amount became less than 20% of the revenue of the previous operating period; therefore, Horizon Hotels ceased to be a specified related party as of October 30, 2026. There is no impact on management/operations, and the prescribed filings will be made in accordance with laws and regulations.
Background and Future Actions
Horizon Hotels Co., Ltd. is a 100% subsidiary of Hoshino Resorts and primarily operates hotels and inns. Going forward, there will be no change to the management/operations of the investment corporation or the asset management company, and additional notes related to the change in treatment as a specified related party will be provided as appropriate.
Hoshino Resorts REIT, Inc.
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