Friend Stage Co., Ltd. entered into a business transfer contract to acquire Hoshino Resort Urabandai Hotel from Riberesute Corporation (JASDAQ:8887) on December 22, 2014. The Board of Directors of Riberesute passed a resolution for the transaction. The property handover date is scheduled on January 30, 2015 while the goodwill succession date is scheduled on June 2015.

Tokyo Sakura Consulting Co., Ltd. acted as consultant for Riberesute.