Make The World More Sustainable
[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.
March 31, 2022
Issuer
Ichigo Hotel REIT Investment Corporation ("Ichigo Hotel," 3463)
1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Osamu Miyashita, Executive Directorwww.ichigo-hotel.co.jp/en
Asset Management Company
Ichigo Investment Advisors Co., Ltd.
Representative: Hiroshi Iwai, President
Inquiries: Hidehito Iwasaka, Head of Ichigo Hotel Tel: +81-3-3502-4892
Change in Property Management Company
Ichigo Hotel decided today to appoint a new property management company ("PM") for the HOTEL EMIT SHIBUYA, The OneFive Osaka Sakaisuji, and The OneFive Fukuoka Tenjin.
1. Summary
Hotel | New PM | Current PM |
HOTEL EMIT SHIBUYA | Tokyo Capital Management Co., Ltd. | Toyo Real Estate Property Management Co., Ltd. |
The OneFive Osaka Sakaisuji | ||
The OneFive Fukuoka Tenjin |
2. New PM Rationale
Ichigo Hotel decided on the change after receiving a contract termination request from the current PM, and used this request as an opportunity to evaluate several different PM companies. After a thorough review, the new PM was chosen based on its successful track record in servicing other Ichigo assets and competitive price offering.
3. New PM Profile
Name | Tokyo Capital Management Co., Ltd. |
Address | 1-14-2 Nishi Shinbashi, Minato-ku, Tokyo |
Representatives | Akihiko Soga, Representative Director & President |
Capital | JPY 100 million (as of July 1, 2021) |
Shareholder | Nippon Kanzai Co., Ltd. |
Principal Businesses |
|
Relationship with Ichigo Hotel or Ichigo Investment Advisors ("IIA") | The PM does not have any material capital, personnel, or transactional relationship with Ichigo Hotel or IIA, and is not a related party of Ichigo Hotel or IIA. |
4. Date of PM Change April 1, 2022 (expected)
5. Earnings Impact
There is no impact on Ichigo Hotel's July 2022 and January 2023 fiscal period earnings forecasts announced in the March 17, 2022 release "January 2022 Fiscal Period Earnings."
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Disclaimer
Ichigo Hotel REIT Investment Corporation published this content on 31 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2022 06:25:11 UTC.