Ichigo Hotel REIT Investment Corporation (TSE:3463) agreed to acquire Comfort Hotel Osaka Shinsaibashi from Godo Kaisha Shinsaibashi Jisho for ¥3.7 billion on March 16, 2023. In related transaction Ichigo acquiring HOTEL THE KNOT YOKOHAMA, Quintessa Hotel Ise Shima, Quintessa Hotel Ogaki, and THE KNOT SAPPORO. Financing method is Proceeds from new share issuance, Loan and Cash-on hand.

Ichigo Hotel decided to borrow funds via a new loan. Ichigo Hotel took loan of ¥4.5 billion from SMBC Mizuho Bank, SBI Shinsei Bank, Resona Bank and Aozora Bank. The transaction is expected to close on April 3, 2023.