Kasumigaseki Capital Co., Ltd. Notice regarding the sale of real estate for sale (hotel development site)

[Kasumigaseki Capital Co., Ltd.] Notice regarding sale of real estate for sale (hotel development site) ​
Kasumigaseki Capital Co., Ltd. Press release: November 15, 2024 Notice regarding the sale of real estate for sale (hotel development site) Kasumigaseki Capital Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, Representative Director: Koshiro Kawamoto, hereinafter referred to as the “Company”) has today completed the sale and settlement of a hotel development site in Yufu City, Oita Prefecture, for which the Company did the sourcing and planning. We would like to inform you that we have moved to the development phase as follows. Additionally, our company has been entrusted with project management work related to this development and will continue to be involved in this development. 1. Project overview (1) Project name Yufuin Hotel Project (2) Location 298-1 Hirahara, Kawakami,
Yufuin-cho, Yufu City, Oita Prefecture, and 10 others (lot number) (3) Site area 13,567 square meters (4) Start of construction April 2025 (planned) (5) Completion November 2026 (planned) (6) Opening of business March 2027 (planned) (7) Structure/Number of floors Reinforced concrete construction/2-3 floors above ground (8)Total floor area 7,691.2 square meters (planned) (9) Number of rooms 39 rooms (planned) 2. Selling destination and selling price Based on the confidentiality agreement between our company and the seller, we will refrain from disclosing the seller and the sale price. There are no capital or personnel relationships that should be noted between the Company and the seller, and there are no problems with their attributes. 3. Future outlook The sale of the development land mentioned above has already been factored into the consolidated financial forecast for the fiscal year ending August 2025. Sales are recorded when the performance obligation is satisfied (sales settlement). ■List of planned hotel development projects
https://prcdn.freetls.fastly.net/release_image/48076/260/48076-260-57dbe7795f06f5466e5a6217a67e094f-696×819.png ■List of facilities under hotel operation
https://prcdn.freetls.fastly.net/release_image/48076/260/48076-260-01c2b01428ee95a1b9c2e25b55e27fb6-697×471.png • Company profile Company name: Kasumigaseki Capital Co., Ltd. Established: September 2011 Representative: Representative Director Koshiro Kawamoto Head Office: 22nd Floor, West Building, Kasumigaseki Common Gate, 3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-0013 Capital: 18,493,920,000 yen (including capital reserve) *As of the end of August 2024 Number of employees: 256 (independent) *As of the end of August 2024 Main business: Real estate consulting business (logistics facility development, hotel development, healthcare facility development, overseas business