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Ichigo Hotel REIT Acquires Washington Hotel Plaza Shimonoseki Eki Nishi

Ichigo Hotel REIT Acquires Washington Hotel Plaza Shimonoseki Eki Nishi

February 27, 2020 — Ichigo Hotel announced that it has decided to acquire the Washington Hotel Plaza Shimonoseki Eki Nishi in Yamaguchi Prefecture.

The hotel said the move is part of their plan to execute on its strategy to grow earnings and dividends for its shareholders.

Ichigo Hotel will acquire the hotel at a 10% discount to appraisal value using proceeds from the sale of the Nest Hotel Naha announced in the January 30, 2020 release “Hotel Sale (Nest Hotel Naha).”

The Washington Hotel Plaza Shimonoseki Eki Nishi is a three-minute walk from Shimonoseki Station on the JR Sanyo Main Line. (Shimonoseki Station was fully renovated in 2014.)

Read more here

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