Enhancing value-creation capabilities through investment in a U.S. hotel value-add fund

「In addition, to further hone its value-creation capabilities by incorporating best practices for enhancing value in overseas markets, the Company invested US$5 million (approximately ¥550 million) in a U.S. hotel value-add fund last year, and the gain on that investment was realized during the first quarter. The investment generated an IRR (internal rate of return) of 67.5%, enabling the Company to study approaches to enhancing real estate value in the United States while achieving a high investment return.」