Japan Hotel REIT Investment Corporation
Notice Regarding Determination of Number of New Investment Units to be Issued
Issued 807,000 new investment units at an offering price of 79,086 yen per unit, raising approximately 63.8 billion yen. The proceeds will be partially used for acquisition funds of the 'Hyatt Regency Tokyo.'
Key Figures
- Number of New Investment Units Issued: 807,000 units (Public Offering)
- Offering Price: 79,086 yen / unit
- Total Proceeds Raised: 63,822,402,000 yen (Based on Offering Price)
AI要約
Overview of Capital Policy
Based on board resolutions dated February 25 and March 3, 2026, Japan Hotel REIT Investment Corporation issued 807,000 new investment units through a public offering at an offering price of 79,086 yen per unit, raising approximately 63.8 billion yen. There was no exercise of the overallotment option granted to overseas underwriters, resulting in zero additional issuance. The proceeds will primarily be allocated on March 13, 2026, as part of the acquisition funds for a new specified asset, ‘Hyatt Regency Tokyo.’
Impact on Shareholders and Future Use of Funds
Following the issuance of new investment units, the total number of outstanding investment units is expected to increase from 5,097,006 units to 5,904,006 units, and including increases from third-party allocations, up to 5,942,715 units. The remaining proceeds and net proceeds from the third-party allotment will be applied to future specified asset acquisitions as well as repairs and capital expenditures on existing properties, contributing to enhancement of the investment corporation’s asset value.
Japan Hotel REIT Investment Corporation
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