Kasumigaseki Capital’s consolidated subsidiary FHG hotels completed the acquisition closing for land and buildings in Hakata Ward, Fukuoka City, and on the same day completed the sale closing for part of the project assets. The building is scheduled to undergo conversion, and the sale proceeds are expected to be recognized in the fiscal year ending August 2027.
Kasumigaseki Capital announced that its consolidated subsidiary FHG hotels completed the acquisition closing today for land and buildings in Hakata Ward, Fukuoka City, and completed the sale closing on the same day for part of the project assets. The counterparty and transaction price were not disclosed due to a confidentiality agreement.
The acquired property is in a prime location in the city centre, where strong demand is expected. FHG plans to convert and use the building. The building will be held in its current condition and repurposed through renovation.
Looking ahead, the sale of the land described above is scheduled to be recognized in the consolidated results for the fiscal year ending August 2027. The earnings forecast for that fiscal year is expected to be disclosed on 5 October 2026.
A list of hotel development projects and information on operating facilities have also been disclosed, but the document does not provide individual figures or specific contractual terms.