Sun Frontier Sado Co., Ltd and Sun Frontier Hotel Management Inc. agreed to acquire Hotel Osado, K.K. from Rinko Corporation (TSE:9355) on March 29, 2021. As of March 31, 2020, Hotel Osado had total assets of ¥586 million and total assets of ¥632.5 million. For the year ended March 31, 2020, Hotel Osado generated revenue of ¥527.6 million, operating income of ¥30.9 million and net income of ¥29.9 million. Board of Directors of Rinko Corporation approved the transaction. Transaction is expected to complete on April 26, 2021.