Ichigo Hotel REIT Investment Corp. (JP:3463) has released an update.
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Ichigo Hotel REIT Investment Corp. reports positive year-over-year growth for August 2024 with overall revenue up by 3.2%, RevPAR increasing by 3.1%, and occupancy rates rising by 3.5%. However, the Average Daily Rate (ADR) saw a slight decline of 0.4%. The fixed rent hotels segment outperformed significantly with revenue and RevPAR surging by 16.5% and 15.4%, respectively.
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