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Japan Hotel Reit Investment ( (JP:8985) ) has shared an update.
Japan Hotel REIT Advisors has announced the sale of trademark rights for the ‘Oriental Hotel’ brand to Hotel Management Japan Co., Ltd. for JPY700 million. This transaction, approved by the board due to the buyer’s status as an interested party, results in a forecasted gain of JPY390 million, reflecting a strategic move to divest the trademark rights acquired in 2020.
More about Japan Hotel Reit Investment
Japan Hotel REIT Investment Corporation operates in the real estate investment trust (REIT) industry, focusing primarily on hotel properties. The company is managed by Japan Hotel REIT Advisors Co., Ltd. and is engaged in acquiring, managing, and selling hotel-related assets.
YTD Price Performance: 1.47%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.3B
For detailed information about 8985 stock, go to TipRanks’ Stock Analysis page.
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