Hotel Newgrand (9720) · InitiativeAchieved
Improving the Financial Position Through the Sale and Leaseback of the Land Beneath the Hotel Tower
First written in FY2021-Q2. 1 of 2 entries say "Achieved", first in FY2021-Q3. Latest entry: FY2021-Q3.
2entries
1years
0from disclosures
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Transfer and long-term lease of the underlying land beneath the hotel towerA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2021-Q3AchievedAnnual report
「In addition, the Company strengthened its financial base and secured the necessary working capital by selling land it held for ¥3,100 million on 30 September 2021.」
The Company signed an agreement to sell the land beneath the hotel tower on 6 August 2021 and completed the handover on 30 September 2021. The sale price was ¥3,100 million, and the Company plans to lease the land for 30 years after the sale. - FY2021-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 12 July 2021, the Company resolved to sell and lease back the real estate it owns, as described below.」
The Company resolved to sell the 1,432.92 m² of land beneath the hotel tower for ¥3,100 million to make more effective use of its management resources and strengthen its financial position, and plans to lease the land for 30 years after the sale. The carrying amount is ¥1,710 million, and the transaction was scheduled for late September 2021.