[Sapporo Chuo-ku] Notice Regarding Acquisition and Sale of Real Estate for Sale
KASUMIGASEKI CAPITAL announced that its consolidated subsidiary, fav hospitality group (FHG), acquired land and buildings in Sapporo's Chuo-ku today and simultaneously sold a portion of project assets. FHG will retain ownership of the building and plans to renovate and rebrand it, strengthening the company's hotel development business.
📋 Article Processing Timeline
- 📰 Published: May 1, 2026 at 00:30
- 🔍 Collected: April 30, 2026 at 16:01
- 🤖 AI Analyzed: April 30, 2026 at 16:52 (50 min after Collected)
KASUMIGASEKI CAPITAL Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; Representative Director and CEO: Koshiro Kawamoto; hereinafter "the Company") hereby announces that its consolidated subsidiary, fav hospitality group Co., Ltd. (hereinafter "FHG"), completed the acquisition settlement of land and buildings in Chuo-ku, Sapporo, Hokkaido, today, and simultaneously completed the sale settlement of a portion of project assets on the same date, as detailed below.
FHG will retain ownership of the building and plans to undertake renovation and rebranding in the future.
1. Outline of the Matter
The Company is engaged in hotel development with the aim of realizing a tourism-oriented nation and contributing to regional revitalization, and operates hotel brands nationwide, including multi-person hotels such as "fav," "FAV LUX," "edit x seven," and "seven x seven," as well as the culture business hotel "BASE LAYER HOTEL."
The acquired building is an "existing business hotel in a prime location" in the city center, where high demand is anticipated. FHG will proceed with renovation and rebranding in the future.
2. Project Outline
3. Transaction Partner and Transaction Price
Regarding the transaction partner and transaction price, we will refrain from disclosing them due to a confidentiality agreement between FHG and the transaction partner. There are no capital or personnel relationships that should be disclosed between the Company and FHG and the transaction partner, and there are no issues regarding their attributes.
4. Future Outlook
The sale of the aforementioned land has already been incorporated into the consolidated earnings forecast for the fiscal year ending August 2026. Sales are recorded at the time of fulfillment of the obligation (sale settlement).
■ List of Planned Hotel Development Projects
■ List of Hotels Currently Under Operation
■ Company Information
Company Name: KASUMIGASEKI CAPITAL Co., Ltd.
Established: September 2011
Representative: Koshiro Kawamoto, Representative Director and CEO
Head Office: 28F, Kasumigaseki Common Gate West Tower, 3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-0013
Capital: 54,205 million yen (including capital reserve) *As of end of February 2026
Number of Employees: 398 (non-consolidated) *As of end of February 2026
Main Business: Real estate consulting business (logistics facility development, hotel development, healthcare facility development, overseas business)
FHG will retain ownership of the building and plans to undertake renovation and rebranding in the future.
1. Outline of the Matter
The Company is engaged in hotel development with the aim of realizing a tourism-oriented nation and contributing to regional revitalization, and operates hotel brands nationwide, including multi-person hotels such as "fav," "FAV LUX," "edit x seven," and "seven x seven," as well as the culture business hotel "BASE LAYER HOTEL."
The acquired building is an "existing business hotel in a prime location" in the city center, where high demand is anticipated. FHG will proceed with renovation and rebranding in the future.
2. Project Outline
3. Transaction Partner and Transaction Price
Regarding the transaction partner and transaction price, we will refrain from disclosing them due to a confidentiality agreement between FHG and the transaction partner. There are no capital or personnel relationships that should be disclosed between the Company and FHG and the transaction partner, and there are no issues regarding their attributes.
4. Future Outlook
The sale of the aforementioned land has already been incorporated into the consolidated earnings forecast for the fiscal year ending August 2026. Sales are recorded at the time of fulfillment of the obligation (sale settlement).
■ List of Planned Hotel Development Projects
■ List of Hotels Currently Under Operation
■ Company Information
Company Name: KASUMIGASEKI CAPITAL Co., Ltd.
Established: September 2011
Representative: Koshiro Kawamoto, Representative Director and CEO
Head Office: 28F, Kasumigaseki Common Gate West Tower, 3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-0013
Capital: 54,205 million yen (including capital reserve) *As of end of February 2026
Number of Employees: 398 (non-consolidated) *As of end of February 2026
Main Business: Real estate consulting business (logistics facility development, hotel development, healthcare facility development, overseas business)