Hoshino Resorts REIT has announced amendments to lease agreements for 31 properties aimed at simplifying rent calculations and capturing improved performance more quickly following the recovery from the COVID-19 pandemic.
The Japanese REIT, which owns luxury resort properties including Hoshinoya Karuizawa and Grand Prince Hotel Osaka Bay, will unify the calculation periods for floating rent across all properties to reflect the most recent one-year period of sales or profits.
The changes will take effect on 1 November 2025.
Under the current system, the timing of rent calculations differs between properties owned by the REIT.
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