Agreements reached under this partnership
Capital and business alliance; joint venture- 1
Expansion and accelerated implementation of redevelopment projects and related initiatives
- 2
Business alliance in new business areas, including investment in new real estate asset classes
- 3
Promotion of business alliances in the sustainability and DX fields
- 4
Hotel development using the former Kyoto Shimbun headquarters building
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
Avani Kyoto (tentative name) is scheduled to open within the fiscal year ending March 2030. The hotel will have a total of 240 rooms.
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
| Item | Details |
|---|---|
| Name of alliance partner | TAISEI CORPORATION, MINOR INTERNATIONAL PCL. |
| Alliance partner's location | Shinjuku-ku, Tokyo, Bangkok, Thailand |
| Type of alliance | Capital and business alliance; joint venture |
| Details of the alliance | Expansion and accelerated implementation of redevelopment projects and related initiatives, Business alliance in new business areas, including investment in new real estate asset classes, Promotion of business alliances in the sustainability and DX fields, Hotel development using the former Kyoto Shimbun headquarters building |
| Shareholding ratio | Not disclosed → Equivalent to 13.6% |
| Overview of the joint venture | 京都御所南開発特定目的会社. The location, business activities, capital contribution and ownership ratio are not disclosed. |
| Numerical targets under the alliance | Avani Kyoto (tentative name) is scheduled to open within the fiscal year ending March 2030. The hotel will have a total of 240 rooms. |
| Contract Date | June 2024 |
| Share Acquisition Date and Payment Date | March 2025 and September 2025 (for the acquisition of TREAM shares and related interests) |
Items this document does not state (14)
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 business, a new business area, and enhance corporate value based on its long-term vision, “WAY 2040.” The company also intends to preserve the area’s history by incorporating the exterior and design elements of the former Kyoto Shimbun headquarters building.