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Hoshino Resorts REIT, Inc. ( (JP:3287) ) has issued an announcement.
Hoshino Resorts REIT, Inc. announced the acquisition of AQUAIGNIS/Yunoyama Sosuikyo, a multi-use hot spring resort facility in Mie Prefecture, Japan, for 5,953 million yen. This acquisition aligns with HRR’s strategy to invest in properties that ensure long-term stable cash flows, contributing to the improvement of profitability and distribution per unit. The facility, operated by AQUAIGNIS Co., Ltd., is expected to maintain stable operations due to its popularity among tourists and local residents, with an annual visitor count of approximately one million.
The most recent analyst rating on (JP:3287) stock is a Hold with a Yen284148.00 price target. To see the full list of analyst forecasts on Hoshino Resorts REIT, Inc. stock, see the JP:3287 Stock Forecast page.
More about Hoshino Resorts REIT, Inc.
Hoshino Resorts REIT, Inc. operates in the real estate investment trust (REIT) industry, focusing on acquiring and managing hospitality properties. Their primary services include investments in hotels, ryokans, and ancillary facilities under the Hoshino Resorts Group brands, such as HOSHINOYA, RISONARE, KAI, and OMO, as well as properties operated by external operators. The company aims to secure long-term, stable cash flows and improve profitability through strategic acquisitions.
Average Trading Volume: 1,772
Technical Sentiment Signal: Buy
Current Market Cap: Yen150.8B
See more data about 3287 stock on TipRanks’ Stock Analysis page.