Nippon Accommodations Fund Inc. (TSE:3226) agreed to acquire Chisun Hotel Hiroshima for approximately ¥1.9 billion on January 29, 2019. The consideration of ¥0.19 million will be paid upon conclusion of contract and the remaining at the time of delivery. The transaction is to be funded by Nippon Accommodations Fund borrowings and own funds. The transaction is expected to complete on May 30, 2019. There will be no impact of the transaction on Nippon Accommodations Fund’s financial results for the period ending February 28, 2019 (26th Period: September 1, 2018 to February 28, 2019). Daiwa Real Estate Appraisal Co., Ltd acted as appraiser for Chisun Hotel Hiroshima. Mitsui Fudosan Realty Co., Ltd. acted as broker in a transaction.