Ichigo Hotel REIT Investment Corp. (JP:3463) has released an update.
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Ichigo Hotel REIT Investment Corp. has sold the Nest Hotel Sapporo Ekimae for JPY 4.7 billion, realizing a gain of JPY 2.181 billion over the book value. The sale is part of the company’s strategy to optimize its portfolio and generate shareholder value, with the proceeds planned for future growth investments and value-adding initiatives. The transaction, involving a related party, is set to contribute to shareholder dividends in the January 2025 fiscal period.
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