Lead Real Estate Co., Ltd Announces Plans for Construction of New “Premium Series” Hotel
Lead Real Estate has announced plans to build the first 'Premium Series' hotel under its ENT TERRACE brand in Tokyo, named ENT TERRACE GINZA PREMIUM. Scheduled for completion in December 2024, the hotel will feature seven floors and six guest rooms, catering to both short-term and long-term stays. The location is two minutes from Higashi-Ginza Station on the Toei Asakusa Line. The company expects the ongoing weak yen and rising foreign interest in Japan to benefit its expanding long-stay business.
- Plans for a new 'Premium Series' hotel in Tokyo's Ginza district.
- Scheduled completion by December 2024.
- Strategically located near Higashi-Ginza Station.
- Expected positive impact from weak yen and increased foreign interest.
- None.
TOKYO, Japan, June 24, 2024 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd (Nasdaq: LRE) (“LRE” or “the Company”), a Japanese real estate developer of luxury residential properties including single-family homes and condominiums across Tokyo, Kanagawa prefecture and Sapporo, today announced plans to build the ENT TERRACE brand’s first “Premium Series” hotel, ENT TERRACE GINZA PREMIUM, in Tokyo, Japan.
The upcoming facility will have seven floors and six guest rooms, and accommodate from one night to long-term stays beginning in December 2024.
Located about two minutes by walk from Higashi-Ginza Station on the Toei Asakusa Line.
The current weak yen and increasing foreign interest in Japan, said LRE, are expected to continue their positive impact on the Company’s expanding long-stay business.
About Lead Real Estate Co., Ltd
Lead Real Estate Co., Ltd is a Japanese developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture, and Sapporo. In addition, the Company operates hotels in Tokyo and leases apartment building units to individual customers in Japan and Dallas, Texas.
The Company’s mission is to serve its customers by offering stylish, safe, and luxurious living. The Company’s vision is to adopt the Kaizen (continuous improvement) approach to seek to improve its operations, and to leverage its nationally recognized, award-winning luxury homes and strong market position in the luxury residential property market in Tokyo, Kanagawa prefecture, and Sapporo to create a global transaction platform allowing access to prime Japanese condominiums as well as overseas condominiums, including in the U.S. and Hong Kong.
For more information, please visit the Company’s website at https://www.lead-real.co.jp/en/.
Forward-looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact Information:
For Media and Investor Relations
Daisuke Takahashi
Chief Financial Officer
Lead Real Estate Co., Ltd
d-takahashi@lead-real.co.jp
+81 3-5784-5127
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the America’s, 5th Floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com
FAQ
What is the latest project announced by Lead Real Estate (Nasdaq: LRE)?
When is the ENT TERRACE GINZA PREMIUM expected to be completed?
Where will the new ENT TERRACE GINZA PREMIUM hotel be located?
How many guest rooms will the ENT TERRACE GINZA PREMIUM feature?
What economic factors does Lead Real Estate expect to impact the new hotel project?
