Nippon Hotel & Residential Investment Corporation
Notice Regarding Transfer of Domestic Real Estate and Termination of Lease (Ooedo Onsen Monogatari Premium Atami)
The Company will transfer the Ooedo Onsen Monogatari Premium Atami domestic property and terminate its lease, returning a transfer gain of 491 million yen to distributions for the fiscal year ending May 2027. The buyer is one domestic operating company and the transfer price is 3,050 million yen. The impact of forward commitments related to the transfer is expected to be low. Remaining funds will be allocated to new property acquisitions to further diversify the portfolio risk.
Key Figures
- Planned transfer price: 3,050 million yen
- Transfer gain: 491 million yen
- Annual rent: 125 million yen
AI要約
Transaction Overview
Through its asset manager, the Investment Corporation has decided to transfer the Ooedo Onsen Monogatari Premium Atami property and terminate its lease. The planned transfer price is 3,050 million yen, and the transferee is one domestic operating company. Upon signing the sales contract, a 5% deposit will be received, and the remaining balance will be received on the scheduled transfer date. The transfer gain is expected to be 491 million yen and will be returned to distributions for the fiscal year ending May 2027.
Financial Impact and Future Policy
As a result of the transfer, the percentage of Ooedo Onsen facilities in the portfolio will decrease from 42.4% to 39.7%, promoting portfolio risk diversification. Details of the transferee are not disclosed because consent to disclose has not been obtained. Forward commitments and similar obligations related to the transfer are judged to have a low impact on finances and distributions. Residual funds excluding the transfer gain will be used for new property acquisitions.
Nippon Hotel & Residential Investment Corporation
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