Activia Properties signs 20-year lease for A-FLAG SAPPORO with Tokyu Resorts & Stays

Reuters2026/07/21 08:47

By:Reuters

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Activia Properties signed a fixed-term lease for A-FLAG SAPPORO with Tokyu Resorts & Stays, switching the property’s main tenant.
New lease runs Oct. 1, 2027 to Sept. 30, 2047, covering 18,891.39 sq m, equal to 89% of the building’s leasable area.
Current tenant Tokyu will exit on March 31, 2027, then stay under an extension lease from April 1, 2027 to Sept. 30, 2027.
Tenant plans renovations focused on guestrooms and common areas, funded by the tenant, to lift hotel revenue.
Transaction flagged as related-party because Tokyu Resorts & Stays is owned by Tokyu Land, parent of the asset manager.

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. Activia Properties Inc. published the original content used to generate this news brief on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Activia Properties signs 20-year lease for A-FLAG SAPPORO with Tokyu Resorts & Stays

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