2 stories mentioning TYO:3463Updated 44d ago
Every FINWIRES story that references TYO:3463, newest first.
Ichigo Hotel REIT (TYO:3463) recorded a 3% year-on-year decline in revenue from 24 hotels to 992.7 million yen in April, a Monday Tokyo bourse filing said.The REIT logged a 3.8% on-year decrease in revenue per available room to 8,596 yen during the month under review.Occupancy rate for the month slipped 1.7% to 82.8% from the year-ago period.The average daily rate for the month was down 2.1% to 10,379 yen from April 2025.
Ichigo Hotel REIT Investment (TYO:3463) will sell its Hotel Livemax Nihombashi-Hakozaki property in Tokyo for 1.58 billion yen as part of a portfolio restructuring strategy, according to a Friday filing.The company expects to book a gain on sale of 273 million yen, which it plans to fully distribute as dividends, while using remaining proceeds for future acquisitions and value investments, it said.Ichigo Hotel REIT decided to dispose of the property due to limited growth potential because of its size and structure, it said.
