Ichigo Hotel Forecasts Soaring Profits Post-Hotel Sale

Ichigo Hotel REIT Investment Corp. (JP:3463) has released an update.

Ichigo Hotel REIT Investment Corporation has announced an upward revision of its earnings forecast for the fiscal period ending January 2025, driven by the profitable sale of the Nest Hotel Sapporo Ekimae. The new forecast anticipates substantial increases in operating revenue, profits, and dividend per share, with net income and dividends per share expected to rise by approximately 178%. This optimistic outlook follows a successful transaction where the hotel was sold at more than double its book value and significantly above its appraisal value.

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