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Polaris Signs Lease Deals for Six KOKO Hotels
Polaris Holdings - Conclusion of lease agreements for 6 hotel properties.
On the 20th, Polaris Holdings <3010> announced that its consolidated subsidiaries, Fino Hotels and Coco Hotels, were operating "KOKO HOTEL Sendai Ekimae South," "KOKO HOTEL Sendai Ekimae West," "KOKO HOTEL Sendai Koutoudai Park," "KOKO HOTEL Premier Kanazawa Korinbo," "KOKO HOTEL Nagoya Sakae," and "KOKO HOTEL Premier Kumamoto" based on hotel management contracts.
Polaris Holdings - Conclusion of syndicate loan agreement and loan contract.
Polaris Holdings <3010> announced on the 20th that as per the "Announcement regarding the conclusion of the stock exchange agreement for the complete acquisition of Minasea by stock exchange, regarding the movement of major shareholders, including the primary shareholders, major shareholders, parent companies, QITABANKUAI, and subsidiaries," dated October 15 of this year, it will conclude a syndicated loan agreement to secure funds for the cash consideration, part of the stock exchange for fully acquiring Minasea. Furthermore, the effectiveness of this stock exchange is...
Polaris Holdings Boosts Profitability With KOKO Hotels Lease
Polaris Holdings Secures JPY 10 Billion Loan
Polaris Holdings has concluded management outsourcing contracts for two hotels in Numazu City, and operations have commenced under the name "KOKO HOTEL."
Polaris Holdings <3010> announced on the 16th that its subsidiary, Fino Hotels, has concluded a hotel operation consignment contract for two hotels in Numazu City, Shizuoka Prefecture, owned by AQUA RESORT, and will start operations under its original brand "KOKO HOTEL" from April 1, 2025 (scheduled). "(Tentative name) KOKO HOTEL Numazu Inter" is located just one minute by car from the Numazu Interchange on the Tomei Expressway.
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