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Other Disclosures3010Polaris Holdings Co.,Ltd.Information and Communications, Services and Others

Notice Regarding the Execution of a Fixed-Term Building Lease Reservation Agreement for a Hotel Property in Nagoya, Aichi Prefecture

The Company has entered into a reservation agreement to lease and operate for 20 years a 178-room hotel to be developed in Sakae, Naka-ku, Nagoya. The lease is scheduled to commence in November 2029, and hotel operations are scheduled to begin in January 2030.

Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
178
Rooms
Wording
Conditional
How definitive the wording is.

Announced details

Hotel operations in Sakae, Naka-ku, Nagoya
Applicable field (uses covered by this announcement)

Accommodation demand for tourism and business, and hotel operations

Launch dateLease commencement: November 2029 (scheduled); hotel operations commencement: January 2030 (scheduled)
Contract Date30 September 2026
What the company reported numerically
Usage history

The Group already operates 4 hotels in Naka-ku, Nagoya. This property is scheduled to become its 5th hotel.

Relationship between the counterparty and the company
Polaris Holdings Co.,Ltd.3010
Relationship with the Company

None of the 3 companies has any notable capital, personnel or business relationship with the Company, and none is a related party of the Company.

Counterparty伊藤忠都市開発株式会社大東建託アセットソリューション株式会社三信住建株式会社

伊藤忠都市開発株式会社: 2-9-11 Akasaka, Minato-ku, Tokyo; Representative Director and President Matsu Norio (松典男); construction and sale of condominiums and detached houses, operation and management of housing-related facilities, development of office buildings and commercial facilities, real estate asset management, property management and consulting, and related activities; established 1 December 1997, 大東建託アセットソリューション株式会社: 2-16-1 Konan, Minato-ku, Tokyo; Representative Director and President Kasai Masato (河西正人); real estate development, renovation and resale, and real estate securitization; established 3 June 2016, 三信住建株式会社: 9th Floor, Daiwa Ginza Building, 6-2-1 Ginza, Chuo-ku, Tokyo; Representative Director and President Shida Hiroyuki (信田博幸); real estate sales, leasing, brokerage and management, planning, design and construction of buildings, specified joint real estate ventures, and related activities; established 1 February 2006

Location (as indicated in this announcement)

Sakae, Naka-ku, Nagoya, Aichi Prefecture

178 rooms; 20-year contract term
Impact on Business Performance

The execution of this agreement will have no impact on consolidated results for the current fiscal year.

The company does not address Contract Value / Offering price.

Announced details
ItemDetails
Names of Products / Services CoveredHotel operations in Sakae, Naka-ku, Nagoya
Counterparty伊藤忠都市開発株式会社, 大東建託アセットソリューション株式会社, 三信住建株式会社
Counterparty overview伊藤忠都市開発株式会社: 2-9-11 Akasaka, Minato-ku, Tokyo; Representative Director and President Matsu Norio (松典男); construction and sale of condominiums and detached houses, operation and management of housing-related facilities, development of office buildings and commercial facilities, real estate asset management, property management and consulting, and related activities; established 1 December 1997, 大東建託アセットソリューション株式会社: 2-16-1 Konan, Minato-ku, Tokyo; Representative Director and President Kasai Masato (河西正人); real estate development, renovation and resale, and real estate securitization; established 3 June 2016, 三信住建株式会社: 9th Floor, Daiwa Ginza Building, 6-2-1 Ginza, Chuo-ku, Tokyo; Representative Director and President Shida Hiroyuki (信田博幸); real estate sales, leasing, brokerage and management, planning, design and construction of buildings, specified joint real estate ventures, and related activities; established 1 February 2006
Relationship with the CompanyNone of the 3 companies has any notable capital, personnel or business relationship with the Company, and none is a related party of the Company.
Contract Date30 September 2026
Launch dateLease commencement: November 2029 (scheduled); hotel operations commencement: January 2030 (scheduled)
Applicable areaAccommodation demand for tourism and business, and hotel operations
LocationSakae, Naka-ku, Nagoya, Aichi Prefecture
Location scale178 rooms; 20-year contract term
Usage historyThe Group already operates 4 hotels in Naka-ku, Nagoya. This property is scheduled to become its 5th hotel.
Impact on Business PerformanceThe execution of this agreement will have no impact on consolidated results for the current fiscal year.
Items this document does not state (7)
Contract ValueOffering priceAward/certification nameAwarding / certifying bodyRegistration number and expiry dateQuantitative EffectsSource

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 expand the hotel operations platform under the growth strategy of the Medium-Term Management Plan 2030 and improve operating efficiency through a dominant strategy in Nagoya's Naka-ku.

How to read this page

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Notice Regarding the Execution of a Fixed-Term Building Lease Reservation Agreement for a Hotel Property in Nagoya, Aichi Prefecture | Polaris Holdings Co.,Ltd. (3010) timely disclosure | Komori