Kintetsu Group transfers hotel leasing business to Kintetsu Miyako Hotels
Bitget2026/10/23 06:43- Kintetsu Real Estate will transfer its 12-hotel leasing business to fellow Kintetsu Group Holdings subsidiary Kintetsu Miyako Hotels International.
- The agreement was signed Oct. 23, 2026, with the transfer effective Jan. 1, 2027.
- Kintetsu Miyako Hotels International will issue 5,391 common shares to Kintetsu Real Estate.
- The transfer will integrate hotel ownership, management and operations to improve responsiveness to market changes and maximize hotel asset values.
- The transaction's impact on the group's consolidated and non-consolidated financial results is immaterial.
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