Announced details
Apartment-style hotel operations
4 hotels currently operating in Taito-ku and 6 apartment-style hotels scheduled to open. This property will be the seventh hotel, all in Taito-ku.
We entered into a fixed-term building lease reservation agreement with the lessor of the property. Capital and personal relationships are Not disclosed.
A third party that will be the hotel owner of the property in Taito-ku, Tokyo. Other attributes are Not disclosed.
Taito-ku, Tokyo
As operations are scheduled to begin around May 2030, there will be no impact on consolidated results for the current fiscal year.
The company does not address Contract Value / Offering price.
| Item | Details |
|---|---|
| Names of Products / Services Covered | KOKO HOTEL Residence, KOKO HOTELS |
| Counterparty | Lessor of the property (a third party that will become the hotel owner) |
| Counterparty overview | A third party that will be the hotel owner of the property in Taito-ku, Tokyo. Other attributes are Not disclosed. |
| Relationship with the Company | We entered into a fixed-term building lease reservation agreement with the lessor of the property. Capital and personal relationships are Not disclosed. |
| Contract Date | 31 August 2026 (fixed-term building lease reservation agreement) |
| Launch date | May 2030 (planned; commencement of hotel operations) |
| Applicable area | Apartment-style hotel operations |
| Location | Taito-ku, Tokyo |
| Location scale | 59 guest rooms (planned) |
| Usage history | 4 hotels currently operating in Taito-ku and 6 apartment-style hotels scheduled to open. This property will be the seventh hotel, all in Taito-ku. |
| Impact on Business Performance | As operations are scheduled to begin around May 2030, there will be no impact on consolidated results for the current fiscal year. |
Items this document does not state (7)
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.The agreement was reached based on the expansion of our hotel operating platform, strengthening the acceptance of hotel operating engagements, and the evaluation of our Group’s track record and expertise in hotel operations, in line with the “Medium-Term Management Plan 2030.” We also expect to improve operating efficiency in Taito-ku, achieve economies of scale, expand our portfolio, and enhance recognition of our proprietary brand.