Komori
Other Disclosures8923TOSEI CORPORATIONReal estate

Hotel business M&A: acquisition of 2 well-located hotels near Kanda and Asakusa stations

TOSEI CORPORATION acquired all shares of ペリカンホテルズ株式会社, making it a wholly owned subsidiary. As a result, the Group now owns and operates the Kanda Grand Central Hotel and Asakusa Central Hotel.

Worth reading
69In focus
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Direction
Improvement
Direction inferred from the company’s description.
Scale
2
2 hotels
Wording
Definitive
How definitive the wording is.

Announced details

Kanda Grand Central HotelAsakusa Central HotelHotel Business
Applicable field (uses covered by this announcement)
Hotel BusinessBusiness useTourism
Launch date30 June 2026 (the Group began owning and operating the hotels after the acquisition)
Contract Date30 June 2026 (date all shares were acquired)
Relationship between the counterparty and the company
TOSEI CORPORATION8923
Relationship with the Company

TOSEI CORPORATION acquired all shares, making it a wholly owned subsidiary

Counterpartyペリカンホテルズ株式会社

4-5-4 Shibaura, Minato-ku, Tokyo; Representative Director Yoneda Hiroyasu (米田浩康); hotel business operations and related activities; capital of ¥1 million; established 14 August 2025

Location (as indicated in this announcement)

2-2 Kanda Tsukasa-machi, Chiyoda-ku, Tokyo, 1-5-3 Asakusa, Taito-ku, Tokyo

Kanda Grand Central Hotel: site area 420.62 m², total floor area 3,589.66 m², 157 guest rooms, Asakusa Central Hotel: site area 563.06 m², total floor area 4,033.69 m², 72 guest rooms

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Announced details
ItemDetails
Names of Products / Services CoveredKanda Grand Central Hotel, Asakusa Central Hotel, Hotel Business
Counterpartyペリカンホテルズ株式会社
Counterparty overview4-5-4 Shibaura, Minato-ku, Tokyo; Representative Director Yoneda Hiroyasu (米田浩康); hotel business operations and related activities; capital of ¥1 million; established 14 August 2025
Relationship with the CompanyTOSEI CORPORATION acquired all shares, making it a wholly owned subsidiary
Contract Date30 June 2026 (date all shares were acquired)
Launch date30 June 2026 (the Group began owning and operating the hotels after the acquisition)
Applicable areaHotel Business, Business use, Tourism
Location2-2 Kanda Tsukasa-machi, Chiyoda-ku, Tokyo, 1-5-3 Asakusa, Taito-ku, Tokyo
Location scaleKanda Grand Central Hotel: site area 420.62 m², total floor area 3,589.66 m², 157 guest rooms, Asakusa Central Hotel: site area 563.06 m², total floor area 4,033.69 m², 72 guest rooms
Items this document does not state (9)
Contract ValueOffering priceAward/certification nameAwarding / certifying bodyRegistration number and expiry dateQuantitative EffectsUsage historyImpact on Business PerformanceSource

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 amid solid inbound demand. In addition, in response to rising construction costs and domestic real estate prices, the company aims to diversify its property acquisition methods by utilizing M&A and business succession.

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Hotel business M&A: acquisition of 2 well-located hotels near Kanda and Asakusa stations | TOSEI CORPORATION (8923) timely disclosure | Komori