Invincible Investment Corporation (TSE:8963) and Consonant Investment Management Co. Ltd signed an agreement to acquire four hotel properties in Japan from Navaro Tokutei Mokuteki Kaisha for ¥4.1 billion on January 20, 2016. The four hotel properties comprise of Comfort Hotel Tsubame-Sanjyo, Comfort Hotel Kitami, Comfort Hotel Kurosaki and Comfort Hotel Maebashi. In related transactions, Invincible Investment Corporation signed agreements to acquire Hotel MyStays Shinsaibashi from Aki Tokutei Mokuteki Kaisha for ¥3.2 billion and Royal Parks Momozaka Apartments from Momo Tokutei Mokuteki Kaisha for ¥2.9 billion. The deal is financed by loan taken from Sumitomo Mitsui Trust Bank, Limited Mitsubishi UFJ Trust and Banking Corporation of ¥8.9 billion. Expected closing is on January 22, 2016.

Invincible Investment Corporation (TSE:8963) and Consonant Investment Management Co. Ltd completed the acquisition of four hotel properties in Japan from Navaro Tokutei Mokuteki Kaisha on January 22, 2016.