Polaris Holdings Co.,Ltd. [3010.T]
TOKYO, Mar 27 (Pulse News Wire) – Polaris Holdings CO.,LTD. (3010.T) announced today that it has concluded a lease agreement for the hotel property "KOKO HOTEL Premier Tokyo Bay Chiba," located in Chiba Prefecture.
The hotel, set to open in June 2026, features 301 rooms primarily designed for leisure travelers. It includes a rooftop hot spring bath, enhancing its profitability potential. The lease contract was signed with Johnstown Joint Stock Company for a term of 20 years.
The rent structure is variable based on operational performance, making precise prediction difficult. However, the strategic location near major attractions such as the Makuhari Messe convention center and ZOZO Marine Stadium ensures strong demand for both business and leisure guests. As part of its growth strategy, Polaris Holdings plans to expand its operations further with additional hotels scheduled to open across Japan in the coming years, including a 117-room hotel in Sendai and a 301-room facility in Tokyo's Bay Area.
This lease agreement does not impact the current fiscal year’s consolidated earnings, as the hotel operation commencement is slated for June 2026.
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