Invincible Investment Corporation [8963.T]
TOKYO, Jun 12 (Pulse News Wire) – Invincible Investment Corporation (8963.T) decided to renew its lease agreement with ICOH Hospitality Co., Ltd. for Hotel Mystay Premier Kanazawa until June 30, 2036.
The initial contract was set to expire on June 14, 2026. Key terms of the renewed contract remain largely unchanged from the previous agreement, maintaining fixed annual rent and variable rent based on operating revenue. Variable rent calculations involve deducting management fees and certain expenses from total sales, subject to adjustments based on performance metrics. ICOH, which operates the hotel, receives funding from a fund managed by Fortress Investment Group LLC, making it a related party under Invincible Investment's internal conflict-of-interest policies.
As such, the renewal process involved rigorous review and approval through compliance committees and board meetings held on June 11 and June 12, respectively. Capital details of ICOH show a capital of ¥100 million as of December 31, 2025. Founded on July 8, 1999, ICOH manages hotels and lodges across various locations. Invincible Investment currently holds lease agreements with ICOH for a total of 101 properties.
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