Hoshino Resorts REIT, Inc. completed the acquisition of the b asakusa from Mitsubishi Estate Co., Ltd. for ¥5.6 billion.
June 31, 2023
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Hoshino Resorts REIT, Inc. (TSE:3287) agreed to acquire the b Asakusa from Mitsubishi Estate Co., Ltd. (TSE:8802) for ¥5.6 billion on April 28, 2023. Hoshino Resorts will fund the transaction through borrowings of ¥5.74 billion from MUFG Bank and cash on hand. The transaction is expected to complete by June 1, 2023.
Hoshino Resorts REIT, Inc. (TSE:3287) completed the acquisition of the b asakusa from Mitsubishi Estate Co., Ltd. (TSE:8802) for ¥5.6 billion on June 1, 2023.
Hoshino Resorts REIT, Inc. is a closed-end real estate investment trust (REIT) company. It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The Fund mainly invests Hotels, inns, incidental facilities and real estate-related securities. Its property portfolio includes Hoshino Resorts Group-operated properties such as Hoshino Ya, Hoshino Resorts Kai, Hoshino Resorts Risonare, Non-Hoshino Resorts Group-operated properties such as hotels, inns and incidental facilities of non-city tourism properties and overseas Hoshino Resort Group-related properties. The asset manager of the Fund is Hoshino Resort Asset Management Co., Ltd.