Ichigo Hotel REIT Secures Loan for Debt Repayment

Ichigo Hotel REIT Investment Corp. (JP:3463) has released an update.

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Ichigo Hotel REIT Investment Corporation has secured a new loan to repay existing debt totaling JPY 3,000 million. The loan, with a term of 2.7 years and an interest rate of JPY TIBOR plus 0.485%, has been integrated into the company’s upcoming fiscal earnings forecasts. This move aims to manage the corporation’s financial liabilities effectively.

For further insights into JP:3463 stock, check out TipRanks’ Stock Analysis page.

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