Brief: Hoshino Resorts To Establish A Fund Of Up To 20 Billion Yen - Nikkei

Hoshino Resorts Reit

28/05/2020 21:44

May 29 (Reuters) - Hoshino Resorts REIT Inc  3287.T :
    * HOSHINO RESORTS TO ESTABLISH A FUND OF UP TO 20 BILLION
YEN -
NIKKEI
    * FUND WILL BE MANAGED BY H&R ASSET SOLUTIONS, A 50-50 JV
ESTABLISHED BY HOSHINO RESORTS & TOKYO INVESTMENT FIRM RISA
PARTNERS - NIKKEI
    * HOSHINO RESORTS' FUND WILL BE TO BAIL OUT DOMESTIC HOTELS
STRUGGLING TO FILL ROOMS AMID CORONAVIRUS PANDEMIC - NIKKEI

Source text https://asia.nikkei.com/Business/Travel-Leisure/Hoshino-Resorts-to-launch-185m-Japan-hotel-rescue-fund
Further company coverage:  3287.T 

 (Reuters.Briefs@thomsonreuters.com)