Komori
Other Disclosures146AColumbia Works Inc.Real estate

Notice Regarding the Launch of a Joint Hotel Development Project on Kouri Island, Okinawa Prefecture

For a hotel development project on Kouri Island, Okinawa Prefecture, the Company sold land it had owned to a special-purpose company (SPC) funded by multiple investors and commenced construction using the SPC. The Company Group will continue to be involved in planning and development, project management, asset management and hotel operations.

Worth reading
57In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
61
Rooms (number of guest rooms)
Wording
Conditional
How definitive the wording is.

Announced details

Hotel (resort-style accommodation facility)
Applicable field (uses covered by this announcement)

Resort-style accommodation facilities and hotel operations

Launch dateApril 2028 (scheduled opening)
Relationship between the counterparty and the company
Columbia Works Inc.146A
Relationship with the Company

The Company sold the subject land, which it had owned, to the SPC. The Company and the Company Group will continue to undertake project management, asset management and hotel operations.

CounterpartySpecial-purpose company (SPC), multiple investors

A special-purpose company funded by multiple investors. Individual details, including its name, location, representative and business activities, have not been disclosed.

Location (as indicated in this announcement)

1912 and other locations, Aza Kouri Michinoshita, Nakijin Village, Kunigami District, Okinawa Prefecture

61 guest rooms, average room size of approximately 50 m², total floor area of approximately 8,127 m² (planned)

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Announced details
ItemDetails
Names of Products / Services CoveredHotel (resort-style accommodation facility)
CounterpartySpecial-purpose company (SPC), multiple investors
Counterparty overviewA special-purpose company funded by multiple investors. Individual details, including its name, location, representative and business activities, have not been disclosed.
Relationship with the CompanyThe Company sold the subject land, which it had owned, to the SPC. The Company and the Company Group will continue to undertake project management, asset management and hotel operations.
Launch dateApril 2028 (scheduled opening)
Applicable areaResort-style accommodation facilities and hotel operations
Location1912 and other locations, Aza Kouri Michinoshita, Nakijin Village, Kunigami District, Okinawa Prefecture
Location scale61 guest rooms, average room size of approximately 50 m², total floor area of approximately 8,127 m² (planned)
Items this document does not state (10)
Contract ValueOffering priceContract DateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateQuantitative EffectsUsage historyImpact on Business PerformanceSource

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To improve capital efficiency by moving the assets off the balance sheet.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Launch of a Joint Hotel Development Project on Kouri Island, Okinawa Prefecture | Columbia Works Inc. (146A) timely disclosure | Komori