What property did KASUMIGASEKI CAPITAL Co., Ltd. acquire in Kusatsu City, Shiga Prefecture in 2024?

KASUMIGASEKI CAPITAL acquired land and buildings with condominium ownership in Kusatsu City, Shiga Prefecture in 2024.

Which company announced the purchase of a hotel property in Shiga Prefecture on April 5, 2024?

KASUMIGASEKI CAPITAL Co., Ltd. announced the hotel property acquisition in Shiga Prefecture on April 5, 2024.

What will happen to the hotel property KASUMIGASEKI CAPITAL bought in Kusatsu City after 2024?

The hotel property acquired by KASUMIGASEKI CAPITAL in Kusatsu City will undergo renovation after 2024.

How does KASUMIGASEKI CAPITAL plan to contribute to regional revitalization in 2024?

KASUMIGASEKI CAPITAL plans to contribute through nationwide hotel brand expansion and renovations in 2024.

What type of ownership structure does the acquired hotel in Kusatsu City have as of April 2024?

As of April 2024, the acquired hotel in Kusatsu City has condominium ownership structure.

Announcement Regarding the Acquisition of Real Estate for Sale (Hotel) in Kusatsu City, Shiga Prefecture

Published Apr 3, 2026 12:30 AM ・ Updated Jun 14, 2026 1:21 PM ・ 4 min read ・ Source: PR TIMES

KASUMIGASEKI CAPITAL Co., Ltd. announced the acquisition of land and buildings (condominium ownership) in Kusatsu City, Shiga Prefecture. The acquired property, a hotel, will undergo renovation as part of the company's nationwide expansion of hotel brands aimed at contributing to tourism and regional revitalization.

KASUMIGASEKI CAPITAL Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; Representative Director and CEO: Koshiro Kawamoto; hereinafter, “the Company”) hereby announces that today, we have completed the settlement for the acquisition of land and buildings (condominium ownership) in Kusatsu City, Shiga Prefecture, as follows.

1. Outline of the Matter

The Company is engaged in hotel development with the aim of realizing a tourism-oriented nation and contributing to regional revitalization. We are developing hotel brands nationwide, including large-capacity hotels such as 'fav', 'FAV LUX', 'edit x seven', 'seven x seven', and culture business hotels like 'BASE LAYER HOTEL'. The property acquired this time will undergo renovation in the future.

2. Project Overview

3. Counterparty and Transaction Price

The counterparty and transaction price will not be disclosed due to a confidentiality agreement between the Company and the counterparty. Furthermore, there are no capital or personal relationships that need to be stated between the Company and the counterparty, and there are no issues regarding their attributes.

4. Future Outlook

We believe that the impact on the Company's consolidated business performance 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 business performance in the future, we will promptly disclose it.

List of Planned Hotel Development Projects

List of Hotels Currently in Operation

FACT BOX

Source: PR TIMES
Category: M&A|financial

Announcement Regarding the Acquisition of Real Estate for Sale (Hotel) in Kusatsu City, Shiga Prefecture

⚡ Key Points

List of Planned Hotel Development Projects

List of Hotels Currently in Operation

Company Information

FACT BOX

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