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Fukuoka REIT to Borrow 1.4 Billion Yen for Hotel Renovation

PUBT·11/10/2026 07:23:39
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Fukuoka REIT to Borrow 1.4 Billion Yen for Hotel Renovation
  • Fukuoka REIT will borrow 1.4 billion yen in short-term debt to fund renewal work at Canal City Fukuoka Washington Hotel.
  • Financing comprises 800 million yen from a Nishi-Nippon City Bank group and 600 million yen from Bank of Fukuoka and Resona Bank.
  • Both loans will be drawn on November 20, 2026, with lump-sum repayment due December 21, 2026.
  • The unsecured, unguaranteed loans carry interest at JBA one-month Japanese Yen TIBOR plus 0.35%.
  • Total interest-bearing debt will rise to 97.75 billion yen from 96.35 billion yen.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fukuoka REIT Corporation published the original content used to generate this news brief on November 10, 2026, and is solely responsible for the information contained therein.