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Hoshino Resorts REIT, Inc. ( (JP:3287) ) has provided an update.
Hoshino Resorts REIT, Inc. has announced the acquisition of a hot spring ryokan, KAI Poroto, located on the shores of Lake Poroto in Hokkaido, Japan. This strategic acquisition is expected to enhance the company’s portfolio earnings due to the property’s unique Ainu cultural concept and high occupancy rates, driven by increased inbound tourism. The acquisition aligns with HRR’s goal of achieving stability and growth in its asset portfolio, targeting a total asset size of over 300 billion yen.
More about Hoshino Resorts REIT, Inc.
Hoshino Resorts REIT, Inc. operates within the real estate industry, focusing on investments primarily in hotels, ryokans, and ancillary facilities managed by the Hoshino Resorts Group. The company is known for its core brands, including HOSHINOYA, RISONARE, KAI, and OMO, aiming to secure long-term and stable cash flows.
YTD Price Performance: 0%
Average Trading Volume: 2,302
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen130.9B
For an in-depth examination of 3287 stock, go to TipRanks’ Stock Analysis page.