Japan Hotel REIT Investment Corporation
Notice Regarding the Determination of Price, etc. for the Issuance of New Investment Units and Secondary Offering
Issuance of 848,991 new investment units at an issuance price of 79,086 yen per unit, totaling approximately 67.143 billion yen. Secondary offering of 38,709 units at the same price of 79,086 yen per unit. Payment date scheduled for March 9, 2026.
Key Figures
- Number of Units Offered: 848,991 units (total public offering)
- Issuance Price (Offering Price): 79,086 yen / unit
- Total Funds Raised: Approximately 67.143 billion yen (based on issuance price)
AI要約
Overview of Capital Policy
Japan Hotel REIT Investment Corporation decided on the issuance price and secondary offering price for new investment units at board meetings held on February 25 and March 3, 2026. The public offering consists of a total of 848,991 units at an issuance price of 79,086 yen per unit, amounting to approximately 67.143 billion yen. Additionally, an over-allotment secondary offering of 38,709 units is priced identically at 79,086 yen per unit, totaling about 3.061 billion yen. Furthermore, a new issuance by third-party allotment is planned, with an upper limit on the subscription amount of approximately 296.449 million yen.
Use of Funds and Schedule
The funds raised will primarily be applied to part of the acquisition cost for the Hyatt Regency Tokyo, with the acquisition date scheduled for March 13, 2026. The total net proceeds from domestic general offering and overseas offering amount to approximately 65.019 billion yen, and any remaining funds will be allocated to future specific asset acquisitions as well as repairs and capital expenditures for existing properties. The subscription period for the domestic general offering is March 4, 2026, the payment date is March 9, and the settlement date is March 10.
