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Ichigo Hotel REIT Investment Corp. ( (JP:3463) ) has provided an announcement.
Ichigo Hotel REIT Investment Corporation has announced the acquisition of two hotel assets, Smile Hotel Miyakojima and Hotel Enoe Toyama, for a total acquisition price of JPY 5.7 billion. This strategic move aims to capitalize on the growing tourism and industrial demand in Miyakojima City and Toyama City, respectively, enhancing the company’s portfolio and potential revenue streams. The acquisition is part of Ichigo Hotel’s strategy to maintain a stable, diversified portfolio and increase shareholder value, leveraging the increasing tourist numbers and economic growth in these regions.
More about Ichigo Hotel REIT Investment Corp.
Ichigo Hotel REIT Investment Corporation operates in the real estate investment trust (REIT) industry, focusing on acquiring and managing hotel assets. The company aims to build a diversified portfolio to drive shareholder value, with a market focus on lodging-focused hotels located near key transport infrastructure and tourist destinations.
Average Trading Volume: 1,249
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen42.87B
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