Invincible Investment Corporation [8963.T]
TOKYO, Mar 27 (Pulse News Wire) – Invincible Investment Corporation (8963.T) decided to renew its regular building lease and management contract agreements with Iconia Hospitality Co., Ltd. and related companies for four properties until March 31, 2036.
The contracts cover hotels such as MyStays Shinagawa-Ekimae, MyStays Nasu, MyStays Fukuoka Tenjin, and MyStays Hamamatsucho. Under the renewed agreement, fixed rental fees remain unchanged while variable rent structures vary based on operating revenue. The contract includes provisions for managing operational costs and handling commissions.
Notably, the parent company of Iconia Hospitality, Fortress Investment Group LLC, holds indirect stakes through funds managed by related entities. The board of directors approved the renewal after thorough review by the Compliance Committee and Investment Committee on March 26, 2026. The impact on Invincible Investment's operations is expected to be minor.
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