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”. 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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.","jir_summary":"### Details of Operational Change\nThe 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.\"\n\n### Future Impact and Background\nThe 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.","jir_financial_highlights":"Rent (new agreement): Fixed rent: Monthly 8,900,000 yen (Variable rent: Actual GOP \u00d7 85% \u2212 fixed rent)\nContract period: 2027-03-30\uff5e2042-03-29 (New agreement)\nOccupied area of the managed asset: 2,281.49 m\u00b2 (Ratio to lettable area: 0.49%)","jir_category":"","jir_hashtags":"#StarAsiaInvestmentCorporation, #TenantAgreement, #HotelOperations, #KOKOHOTEL, #Tenjin","jir_key_figures":"Rent structure: Fixed rent Monthly 8,900,000 yen, Variable rent: Actual GOP \u00d7 85% \u2212 fixed rent\nContract period: 2027-03-30\uff5e2042-03-29\nCurrent tenant\/operator: Resorts Ryukyu Co., Ltd. \u2192 New tenant\/operator: Polaris Holdings Co., Ltd.","jir_meta_title":"Star Asia Investment Corporation \u2014 Tenant Change and Lease Agreement for Fukuoka Tenjin | Operations to Begin April 2027","jir_meta_description":"Star Asia Investment Corporation will change the tenant for the managed asset \"The BREAKFAST HOTEL Fukuoka Tenjin\" and adopt a fixed-plus-variable rent structure. Contract period: 2027-03-30 to 2042-03-29. Brand to be changed to KOKO HOTEL Fukuoka Tenjin Minami. Improved profitability is expected.","jir_og_title":"Star Asia Investment Corporation | Tenant Change and Lease Agreement for Fukuoka Tenjin","jir_og_description":"Announcement of tenant change and rent structure revision for the Fukuoka Tenjin managed asset. New operator: Polaris Holdings; brand: KOKO HOTEL. Long-term contract and anticipated improved profitability.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9132,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-136590","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n