Transfer of Hotel Business Assets and Reinvestment in Growth Areas
First written in FY2023-Q3. 1 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2024-Q2.
4 other companies' latest entry also says "Achieved".
- FY2024-Q2AchievedAnnual report
「The gain on the sale of shares in an affiliate recognised during the six-month period was attributable to the transfer of all shares in 大和リゾート株式会社, formerly a consolidated subsidiary.」
The transfer of all shares in 大和リゾート株式会社 was completed, and a ¥23,189 million gain on the sale of shares in an affiliate was recognised. The review of the asset portfolio, involving the transfer of hotel business assets and reinvestment in growth areas, moved into the execution phase. - FY2023AdvancedAnnual report
「In December 2022, we decided to transfer the resort hotel business. Although the ageing facilities and continued poor performance presented management challenges, the key consideration in making the decision was whether we were the best owner.」
Decided to optimise the business portfolio by transferring the resort hotel business to the best owner, in light of the ageing facilities and poor performance. - FY2023-Q3First statedAnnual report
「At a previous meeting, our board resolved to transfer all shares of the company and the loans receivable we hold against it to Ebisu Resort GK, whose asset manager is Japan Hotel REIT Advisors Co., Ltd. We also decided to securitise and transfer the buildings, land and other assets of the hotel Royton Sapporo, which we own and the company operates, in the form of trust beneficiary rights.」
Resolved to transfer all shares of 大和リゾート and the buildings, land and other assets of Royton Sapporo, and explained that after completion of the transfer on 3 April 2023, management resources would be reinvested in growth areas.