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Japan Hotel Reit Investment ( (JP:8985) ) has issued an announcement.
Japan Hotel REIT Investment Corporation has approved a large-scale renovation of the Hilton Tokyo Odaiba, a scarce, full-service four-star waterfront hotel in one of Tokyo’s prime tourist districts, to reposition the property closer to luxury central Tokyo standards and capture higher-paying guest segments. The JPY10.8 billion, whole-building upgrade, scheduled from February 2026 to December 2027 and funded mainly by new borrowings and cash on hand, is aimed at significantly lifting average daily room rates and boosting the hotel’s NOI from an estimated JPY2.9 billion to about JPY4.4 billion, raising NOI yield to 6.1% and adding roughly JPY480 million to net income once fully effective, while the REIT plans to offset the temporary impact of room closures on dividends by using negative goodwill, signaling a strategic push to enhance competitiveness and unitholder returns amid constrained new hotel supply and robust inbound demand in Tokyo.
The most recent analyst rating on (JP:8985) stock is a Buy with a Yen107000.00 price target. To see the full list of analyst forecasts on Japan Hotel Reit Investment stock, see the JP:8985 Stock Forecast page.
More about Japan Hotel Reit Investment
Japan Hotel REIT Investment Corporation is a Tokyo-listed real estate investment trust specializing in hotel assets across Japan, managed by Japan Hotel REIT Advisors Co., Ltd. Its portfolio focuses on full-service and business hotels in key urban and resort locations, targeting income growth through active asset management and value-enhancing capital expenditure.
Average Trading Volume: 20,085
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen431.2B
Find detailed analytics on 8985 stock on TipRanks’ Stock Analysis page.