Source disclosure: February 25, 2026, 18:05 JST
Bestone.Com Co.,Ltd [6577.T]
TOKYO, Feb 25 (Pulse News Wire) – Bestone.com Co.,ltd (6577.T) announced today that its wholly-owned subsidiary, Ebisu Ryokan Co., Ltd., resolved to acquire land for hotel development purposes at a meeting held. In Asakusa, the company plans to purchase land located in the 3rd district, accessible within a 10-minute walk from the Asakusa station on the Tokyo Metro Ginza Line.
The acquisition cost is estimated at ¥400 million. Additionally, the company entered into a construction contract for a new hotel on this site, with an expected contract amount of approximately ¥536 million. Both transactions are scheduled to be finalized on February 26, 2026 and January 29, 2026, respectively, with completion anticipated by December 24, 2027. Separately, Bestone.Com also intends to acquire land in Kyoto's Hotojocho area for hotel construction.
Located near the Kyoto Station on the Kintetsu Railway, the property will be acquired for ¥84 million. The transaction is set to conclude on February 27, 2026, with delivery planned for May 29, 2026. These acquisitions aim to enhance the group’s real estate portfolio and integrate hotel operations with existing travel services, contributing to stable cash flow generation and sustained corporate value improvement. The company expects no changes to its fiscal 2026 July-term earnings forecast due to these developments.
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