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TYO:3287

3 stories mentioning TYO:3287Updated 7d ago

Every FINWIRES story that references TYO:3287, newest first.

Asia

Hoshino Resorts REIT Reports Lower April Occupancy, RevPAR

Hoshino Resorts REIT (TYO:3287) said portfolio occupancy fell 1.6 percentage points to 79.3% in April from a year earlier, while average daily rate climbed 0.3% to 21,583 yen and RevPAR decreased 1.7% to 17,121 yen, according to a Wednesday filing on the Tokyo Stock Exchange.The company said its net sales declined 2.6% to 5.57 billion yen. For properties operated by Hoshino Resorts, occupancy slipped to 75.3% from 80.5% a year earlier, while ADR rose 5.4%, RevPAR fell 1.5%, and sales declined 3.4%.Properties operated by third-party operators posted a decline in occupancy, ADR, RevPAR, and sales compared with the same month a year earlier.

TYO:3287
Asia

Hoshino Resorts REIT Sets Interest Rate for 200 Million Yen Loan

Hoshino Resorts REIT (TYO:3287) set a 2.798% fixed interest rate on a 200 million yen loan from Mizuho Bank, according to a Monday filing on the Tokyo Stock Exchange.The borrowing, dated April 30, will mature on April 28, 2033.

TYO:3287
Asia

Hoshino Resorts Reit Sees February Revpar Rise

Hoshino Resorts REIT (TYO:3287) said its portfolio revenue per available room rose 10.5% in February, supported by strong inbound travel demand, according to a Monday filing on the Tokyo Stock Exchange.Average daily rate increased 8.6% from a year earlier, while occupancy rose 1.4 percentage points, the company said. Net sales climbed 8.3% to about 4.9 billion yen.The rise in inbound demand was driven in part by the timing of the Lunar New Year holiday, which fell in mid-February this year, boosting accommodation demand across the portfolio.While travel advisories from China continued to weigh on some locations, the impact was largely offset by increased visitors from Taiwan and South Korea, the company said.

TYO:3287

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