December 1, 2016
Sun Frontier Fudousan Co., Ltd.
(Stock code: 8934)
Listing: First Section, Tokyo Stock Exchange

Notice Regarding Completion of Share Acquisition of Sky Court Hotel Co., Ltd.
Please note that this document is a translation of the official announcement that was released in Tokyo. The
translation is prepared and provided for the purpose of the readers’ convenience only. All readers arestrongly recommended to refer to the original Japanese version of the news release for complete andaccurate information.

Our company acquired 100% issued shares of Sky Court Hotel Co., Ltd. which is operating 4 hotels
mainly located in the capital region. This acquisition is conducted through our subsidiary Sun Frontier
Hotel Management Inc.
1. Reason for Share Acquisition
We have built up a business model with the strength of operation capability cultivated through officebuilding business. By utilizing this model, we are actively working on development, operation andrevitalization of hotel as the second main pillar following our office building business.
Considering meeting the demands of accommodations from tourists to Japan could benefits thecreation of society interests, we are developing the “Inbound City-tourism Hotel” targeting on tourists toJapan.
As one means of further accelerating the growth, we put existing hotel management company SkyCourt Hotel Co., Ltd. under our wing with the intent to achieve the goal of creating a “heart-warminghotel”. By keeping up the ingenious efforts to increase the added value of hotel, we would like to meetvarious needs of accommodations from international and domestic tourists.
By turning Sky Court Hotel Co., Ltd. into a sub-subsidiary of ours, we incorporated this hotel chain,
which consists of 4 hotel buildings suitable for sightseeing and long-term stay, into our hotel strategy.
We believe this could make us be able to meet the accommodation needs which is becoming much
more diverse. For inbound tourists brought by our business alliance partner Spring Group of China, andremarkable increasing FIT (foreign independent tourist), each hotel is very suitable. From now on, wewill try our best to boost customers’ satisfaction by increasing the added value of hotel. Also, we willstrive to improve the profitability and make contributions for the growth and development of our company.
2. Overview of Sub-subsidiary (Sky Court Hotel Co., Ltd.)(1) Name: Sky Court Hotel Co., Ltd.
(2) Location: 2-1, Ginza 6-chome, Chuo-ku, Tokyo(3) Representative: President Tomoaki Horiguchi(4) Main Business: Hotel Management(5) Capital: 10 million yen (Company wholly owned by Sun Frontier Hotel Management Inc.)(6) Date of the Foundation: July 20, 1987

3. Overview of Hotels under Operation
Hotel Sky Court Kawasaki
Location
Structure

12-9 Minami-cho, Kawasaki-ku, Kawasaki-shi,Kanagawa-ken
Steel reinforced concrete, flat roof, 7 storeys. Steelframed reinforced concrete, flat roof,10 storeys

Tel044-233-4400

Land Area

1,175.09 ㎡

GrossFloor Area

4,463.67 ㎡

Rooms（MaximumAccommodationCapacity）

200 rooms（221 people）

Year of Completion

1988
1992

Characteristics
As an apartment building with outside corridor, it is superior in sound insulation effect which assures strictprivacy. Both group and long-term tourists could have a comfortable time here.
It only take 6 minutes’ walk to “LA CITTADELLA” with cinema multiplex, spectator number of which isnumber one in Japan, live hall, shops, restaurants and wedding chapel.
Main Intra-building Amenities：Free Wi-Fi in entire building, restaurant with 50 seats, meeting room, 24 hours
coin laundry, parking lot for 6 passenger cars, etc.

Hotel Sky Court Koiwa
Location
Structure

6-11-4 Kita-koiwa, Edogawa-ku, Tokyo
Steel reinforced concrete and Steel framed reinforced
concrete, flat roof, 10 storeys

Tel03-3672-4411

Land Area

717.34 ㎡

Grossfloor Area

2,759.01 ㎡

Rooms（MaximumAccommodation
Capacity）

105 rooms（141people）

Year of Completion

1988

Characteristics
As an apartment building with outside corridor, it is also superior in sound insulation effect which assuresstrict privacy. It is equipped with a multi-purpose room which can accommodate up to 45 people. It could
be used for corporate meetings, training seminars and various business events.
One minute walk to Keisei Main Line Koiwa Station which provides a very convenient access to station.
Main Intra-building Amenities：Free Wi-Fi in entire building, Chinese Restaurant “Enkenkaku”, multi-purpose
room, 24 hours coin laundry, parking lot for 3 passenger cars, etc.

Hotel Sky Court Narita
Location
StructureRooms（MaximumAccommodation
Capacity）

161 Shinden, Narita-shi, Chiba-ken
Steel reinforced concrete, flat roof, 6 storeys.
100 rooms（161people）

Year of Completion

1984

Tel
Land Area

0476-73-6211
1,526.04 ㎡

Gross
Floor Area

2,137.66 ㎡

Characteristics
As a hotel near to Narita Airport, in order to make customers who are in business trip or travel could feel
comfortable, it is equipped with coin laundry, building cleaning is conducted completely every day. And also,
there is a parking lot which customers could use for free within 20 days.
Free shuttle bus to and from Narita Airport.
Main Intra-building Amenities：Free Wi-Fi in entire building, restaurant, free shuttle bus to and from Narita
Airport, 24 hours coin laundry, parking lot for 100 passenger cars, etc.

Hotel Sky Court Hakata
Location
Structure

4-73 Gion-cho, Hakata-ku, Fukuoka-shi, Fukuoka-ken
Steel reinforced concrete and Steel framed reinforcedconcrete, flat roof, 9 storeys above ground and 1
basement storey

Tel092-262-4400

Land Area

808.09 ㎡

GrossFloor Area

3,383.79 ㎡Rooms（MaximumAccommodationCapacity）

159 rooms（198 people）

Year of Completion

1992

Characteristics
Attached restaurant with high ceiling which gives a feeling of spaciousness.
8 minutes’ walk to Hakata Station, 7 minutes to Fukuoka Airport by subway, good location of convenient
access. Nakasu stalls and Canal City are both within the walking distance, very convenient for sight-seeing
and business.
Main Intra-building Amenities：Free Wi-Fi in entire building, restaurant, coin laundry, parking lot for 7 passenger
cars, etc.

Our deepest compassion goes to all those who suffered from the accident of ground collapse inHakata Ekimae 2-chome intersection.
Fortunately, Hotel Sky Court Hakata was not influenced by this accident and is operating as usual.

4. Overview of Share Acquisition(1) Name: Sky Court Hotel Co., Ltd.
(2) Location: 8-22 Tomihisa-cho, Shinjyuku-ku, Tokyo(3) Representative: President Kazuko Nishida(4) Main Business: Subdivision and Sales of Apartments(5) Capital: 100 million yen(6) Date of the foundation: April 5, 1969
5. Future Outlook
The effect caused by this acquisition to consolidated results of fiscal year ending March 31, 2017 will
be negligible. However, we will quickly implement disclosure in case there is any change happened toresults forecast for future inspection.