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Japan Hotel Reit Investment ( (JP:8985) ) has provided an announcement.
Japan Hotel REIT Investment Corporation has addressed speculative media reports about potential acquisition discussions involving the Hyatt Regency Tokyo. The company clarified that neither it nor its asset management arm, Japan Hotel REIT Advisors Co., Ltd., is currently engaged in any negotiations or considerations regarding the purchase of this property. This announcement aims to dispel any misinformation and reassure stakeholders about the company’s current operational focus.
More about Japan Hotel Reit Investment
Japan Hotel REIT Investment Corporation is a real estate investment trust company focused on the hotel industry in Japan. It primarily invests in hotel properties, leveraging its expertise in asset management through its subsidiary, Japan Hotel REIT Advisors Co., Ltd.
YTD Price Performance: 4.46%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.36B
See more insights into 8985 stock on TipRanks’ Stock Analysis page.
