Kasumigaseki Capital Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, President & CEO: Koushiro Kawamoto, hereinafter referred to as "the Company") today announces that it has acquired land for hotel development, as detailed below.

1. Purpose of Acquisition The Company is engaged in hotel development with the aim of contributing to the realization of a tourism-oriented nation and regional revitalization. We operate hotel brands nationwide, including the multi-occupancy hotels 'fav', 'FAV LUX', 'edit x seven', 'seven x seven', and the culture business hotel 'BASE LAYER HOTEL'. We have newly acquired land for the development of our group's multi-occupancy hotel brand as real estate for sale.

2. Overview of the Development Land

3. Counterparty and Transaction Price Regarding the counterparty and transaction price, we will refrain from disclosing them due to a confidentiality agreement between the Company and the counterparty. There are no capital or personnel relationships between the Company and the counterparty that require disclosure, and there are no issues with their qualifications.

4. Future Outlook We believe the impact on the Company's consolidated financial results for the fiscal year ending August 2026 will be minor. However, if it becomes clear that there will be a significant impact on our consolidated financial results, we will disclose it promptly.

List of Planned Hotel Development Projects

List of Hotels Currently in Operation

Company Information Company Name: Kasumigaseki Capital Co., Ltd. Established: September 2011 Representative: Koushiro Kawamoto, President & CEO Headquarters: 28th Floor, Kasumigaseki Common Gate West Building, 3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-0013 Capital: 48.586 billion JPY

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  • Source: PR TIMES
  • Category: News