Invincible Investment Corporation
Notice Regarding Conclusion of Fixed-Term Building Lease and Management Service Agreement (Hotel MyStays Shinsaibashi)
Invincible Investment Corporation will terminate the fixed-term building lease and management service agreement for Hotel MyStays Shinsaibashi as of January 21, 2026, and has entered into a new contract with Iconia Hospitality Inc. from January 22, 2026 to January 31, 2036.
Key Figures
- Fixed Rent (Annual): 85,200,000 yen (No change)
- Contract Period: 2026-01-22 to 2036-01-31
- Variable Rent Calculation Period: Every 6 months (currently every 3 months)
AI要約
Overview of Contract Conclusion
Invincible Investment Corporation will have the current fixed-term building lease and management service agreement for Hotel MyStays Shinsaibashi expire on January 21, 2026, and has newly entered into a contract with Iconia Hospitality Inc., the existing contracting party, from January 22, 2026 to January 31, 2036. The fixed rent remains unchanged at 85,200,000 yen annually, and the variable rent calculation period has been changed from every 3 months to every 6 months. Conflict of interest measures were implemented upon contract conclusion, and the agreement was approved by the Board of Directors and the Investment Corporation Officers' Meeting after deliberations by the Asset Management Company's Compliance Committee and Investment Committee.
Related Parties and Future Outlook
Iconia Hospitality Inc. receives investment from a fund managed by an affiliate of Fortress Investment Group LLC, the sponsor, and is treated as a party equivalent to the sponsor-related parties by the asset management company. Several officers are seconded from FIG’s subsidiaries as part of personnel relations. It is noted that the impact of concluding this contract on the investment corporation’s operations is considered minimal.
