Star Asia Investment Corporation
Notice Regarding Change of Tenant/Operator and Conclusion of Lease Agreement for Managed Asset
For the managed asset "The BREAKFAST HOTEL Fukuoka Tenjin", the current tenant/operator will be changed from Resorts Ryukyu Co., Ltd. to Polaris Holdings Co., Ltd., and a fixed-plus-variable periodic building lease agreement will be executed. The contract period is from 2027/3/30 to 2042/3/29, with hotel operations scheduled to start in April 2027. The brand will be changed to "KOKO HOTEL Fukuoka Tenjin Minami". Improved profitability and maintenance of asset value are expected.
Key Figures
- Rent structure: Fixed rent Monthly 8,900,000 yen, Variable rent: Actual GOP × 85% − fixed rent
- Contract period: 2027-03-30～2042-03-29
- Current tenant/operator: Resorts Ryukyu Co., Ltd. → New tenant/operator: Polaris Holdings Co., Ltd.
AI要約
Details of Operational Change
The asset management company entrusted with management by the investment corporation will change the current tenant/operator of The BREAKFAST HOTEL Fukuoka Tenjin from Resorts Ryukyu Co., Ltd. to Polaris Holdings Co., Ltd., and will enter into a new periodic building lease agreement. The rent structure will consist of fixed rent plus variable rent, and the contract period is a long-term term from March 30, 2027 to March 29, 2042. The hotel brand will be changed to "KOKO HOTEL Fukuoka Tenjin Minami."
Future Impact and Background
The new tenant is the Polaris Group, which aims to leverage its operational track record and brand strength in the area to improve profitability. Stability of GOP margins is expected, and steady-state rent income is anticipated to exceed current levels. The asset management company will utilize information provision and operational advice under support agreements to enhance the investment corporation's performance. The impact on future management conditions is expected to be minor.
Star Asia Investment Corporation
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