Transitioning from an Asset-Ownership Model to an Operations-Focused Model Through the Capital and Business Alliance with BGO
First written in FY2023-Q3. 6 of 10 entries say "Advanced", first in FY2023. Latest entry: 2026-08-05.
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- FY2025AdvancedAnnual report
「While utilizing the pipeline agreement with Bentall GreenOak Co., Ltd. (an agreement allowing the company to give priority consideration to operating services agreements for the company's asset investments), the company will also expand the solicitation of projects from parties other than the company and consider alliances with other companies, including inorganic growth depending on the project, to achieve further growth.」
In addition to utilizing the pipeline agreement with BGO, the company disclosed a policy of expanding projects from parties other than BGO and alliances with other companies, leading to plans to open 4 hotels and expressions of intent to open 5 hotels. - FY2024AdvancedAnnual report
「While utilizing the pipeline agreement with Bentall GreenOak Group (Note: an agreement allowing the company to give priority consideration to operating services agreements for BGO's asset investments), the company will also expand the solicitation of projects from parties other than BGO and consider alliances with other companies, including inorganic growth depending on the project, to achieve further growth.」
Following the transition from an asset-owning model to an operating-focused model, the company made its policy more specific by expanding its pipeline for new hotel openings, using its agreement for priority consideration of operating services for BGO's hotel investment projects and including projects from parties other than BGO and alliances with other companies. - FY2024-Q3RestatedAnnual report
「Even after the transfer on 31 March 2023 of the land, buildings and related trust beneficiary interests of RIHGA Royal Hotel Osaka and the capital and business alliance with BGO, our group continued working on rebuilding the hotel business, strengthening marketing capabilities and reforming human resources management, with improving productivity and operational efficiency as the central pillar.」
The company continues 3 priority initiatives following the transition to an operating-focused model through the capital and business alliance with BGO and the transfer of the Osaka hotel's assets. - FY2024-Q2RestatedAnnual report
「Even after the transfer on 31 March 2023 of the land, buildings and related trust beneficiary interests of RIHGA Royal Hotel Osaka and the capital and business alliance with BGO, our group continued working on rebuilding the hotel business, strengthening marketing capabilities and reforming human resources management, with improving productivity and operational efficiency as the central pillar.」
Even after completing the transfer of the Osaka hotel's assets and the capital and business alliance with BGO, the company continues 3 priority initiatives as measures following the transition from an asset-owning model to an operating-focused model. - FY2023AdvancedAnnual report
「On 10 March 2023, the company entered into an agreement with Bentall GreenOak Group (Note: hereinafter, “BGO”) principally covering (1) a capital and business alliance, (2) the transfer to BGO of the land, building trust beneficiary interests, and other assets of RIHGA Royal Hotel (Osaka), and (3) an operating services agreement for RIHGA Royal Hotel (Osaka), and completed the transaction on 31 March 2023.」
The capital and business alliance with BGO, asset transfer, and operating services agreement were completed, moving the transition from an asset-owning model to an operating-focused model from the planning stage to implementation. BGO's voting interest became approximately 33%, and preferential negotiating rights for operating services agreements for hotels acquired in the future were also established. - FY2023-Q3First statedAnnual report
「We determined that, while enhancing the brand value of RRH Osaka, which is central to the Group, and continuing to operate the hotel, transitioning from the business model in which asset ownership and operations were integrated to an operations-focused business model would be the optimal strategy for enhancing corporate value over the long term.」
On 20 January 2023, entered into a legally binding basic agreement with BGO covering a capital and business alliance, the transfer of the trust beneficiary interests in the land and buildings of RIHGA Royal Hotel Osaka, and the outsourcing of hotel operations.