MIRAI Corporation (JP:3476) has released an update.
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MIRAI Corporation reported its May 2024 hotel performance, showing mixed results with some properties like Smile Hotel Hakataeki-mae outperforming 2019 levels, while others like Smile Hotel Osaka Tennoji and Smile Hotel Naha City Resort are underperforming. The corporation will continue to provide monthly updates on assets with variable rent that contribute significantly to their revenue. Overall, the hotels’ occupancy rates, ADR, RevPAR, and sales figures demonstrate varied performance across the portfolio.
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