The Royal Hotel, Limited. (TSE:9713) agreed to acquire 90% stake in real estate trust beneficiary right of land at 5-1-1 Nakanoshima, Kita-Ku, Osaka-Shi from Mori Trust Co., Ltd. for ¥27 billion on November 13, 2015. All funds for the acquisition of trust beneficiary right will be from loans.

A resolution was passed by the Board of Directors of The Royal Hotel, Limited. The contract conclusion is scheduled on November 17, 2015 and the property transfer is scheduled on November 17, 2015.