TOKYO, May 01 (Pulse News Wire) – Striders Corporation (9816.T) and its subsidiary, Kakegawa Royal Art Hotel Co., Ltd., resolved today to acquire hotel assets owned by Hotel Alore Co., Ltd., located near Kanazawa Station in Ishikawa Prefecture. The acquisition, aimed at enhancing operational efficiency and strengthening financial health, involves land and buildings valued at ¥12.5 billion (tax-excluded).
Kakegawa Royal Art Hotel, based in Okayama, Kurashiki Shi Achi San Choume, operates hotels and restaurants. As of December 31, 2025, Hotel Alore had capital of ¥10 million. Founded on November 01, 2005, Hotel Alore's major shareholder, Mr. Naoo Ota, holds 100% percent of shares.
Additionally, Striders Corporation holds a claim against Hotel Alore for a loan amounting to ¥750 million. The acquisition was approved during the board meeting held on May 01, 2026, with the contract signed and property transferred on the same day. Further details on the impact on future performance will be disclosed along with the fiscal year 2027 earnings forecast scheduled for May 15, 2026. In the meantime, Striders Corporation will promptly disclose any additional significant developments related to this transaction.
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