Entered into a basic agreement for a new hotel. The provisional hotel plan in Nara City, Nara Prefecture contemplates a long-term lease of 15\u201320 years, with rent likely to be at least 30% of last fiscal year\u2019s consolidated net assets. Lease start in January 2029 and opening planned for May 2029. 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The provisional hotel plan in Nara City, Nara Prefecture contemplates a long-term lease of 15\u201320 years, with rent likely to be at least 30% of last fiscal year\u2019s consolidated net assets. Lease start in January 2029 and opening planned for May 2029. No impact on consolidated results for the fiscal year ending March 2027 at this time.","jir_summary":"### Overview of Performance and Investment Plan\nThe company resolved to execute a basic agreement related to hotel openings. It assumes a long-term lease including the provisional plan titled 'Hotel Plan in Nara City, Nara Prefecture', and while the total rent amount will be disclosed at the lessee's discretion, it may exceed 30% of last year's consolidated net assets. The contract term is 15\u201320 years, with a planned opening in May 2029. Partners and equity relationships are specified, and it has been confirmed that the company is not part of anti-social forces.\n\n### Financial Impact and Future Schedule\nThe lease start date is January 2029 (planned), and there is no direct impact on the consolidated results for the fiscal year ending March 2027. Going forward, the schedule is expected to be disclosed: Basic Agreement Date (August 2026), Regular Building Lease Reservation Date (August 2027), The main agreement, handover date, and lease start date (January 2029), and opening date (May 2029).","jir_financial_highlights":"Total rent: Unknown (Unknown)","jir_category":"","jir_hashtags":"#RoyalHotelCo.,Ltd., #IR, #JapanStocks","jir_key_figures":"Total rent: Unknown\nContract period: 15\u201320 years\nOpening date: May 2029\nLease start date: January 2029 (planned)","jir_meta_title":"Royal Hotel Co., Ltd. \u2013 Basic Agreement for Nara City Hotel Plan Executed | Planned Opening in 2029","jir_meta_description":"Royal Hotel Co., Ltd. signs a basic agreement for a new hotel project in Nara City. Lease term is 15\u201320 years, opening scheduled for May 2029. No impact on results for the fiscal year ending March 2027 at present.","jir_og_title":"Royal Hotel Co., Ltd. \u2013 Basic Agreement for Nara City Hotel Plan Executed","jir_og_description":"Royal Hotel Co., Ltd. has executed a basic agreement for a new hotel project in Nara City. Opening is planned for May 2029. Lease start is planned for January 2029; timing of impact is not yet determined.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":58479,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-95850","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n