THE ROYAL HOTEL,LIMITED [9713.T]
TOKYO, Jun 25 (Pulse News Wire) – THE Royal Hotel,limited (9713.T) announced plans to develop a new hotel in Hakone, aiming to expand revenue through strategic investment. The company resolved at its June 25 board meeting to enter into a 20-year lease agreement for a property named "Kohanagora," located in Hakone.
The structure will consist of four floors above ground and two below, built primarily of reinforced concrete and steel construction. Key milestones include signing the reservation contract by the end of July 2026, finalizing the lease agreement by August 2028, and commencing operations by December 2028.
The lease payment amount remains undisclosed due to confidentiality agreements but could exceed the equivalent of the company's prior fiscal net assets. This project does not impact the company’s consolidated performance for the fiscal year ending March 2027.
Any future impacts will be promptly disclosed once determined.
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