Royal Hotel flags planned Hakone Gora lease as potentially material
Royal Hotel approved a reservation agreement for a planned Hakone Gora hotel under a 20-year fixed-term building lease, with final lease signing slated for end-August 2028 and opening planned for end-December 2028. Management withheld both the landlord's name and the total rent, but still warned the aggregate lease payments could reach 30% or more of prior-year consolidated net assets.