As part of its investment business, in April 2006 Mori Trust entered into a capital and business partnership with the ROYAL HOTEL, LIMITED. This company's flagship hotel, Rihga Royal Hotel (Osaka), is located in Nakanoshima, a district expected to undergo major redevelopment encompassing a range of high-added-value urban facilities. Utilizing expertise cultivated over many years as an integrated developer, Mori Trust is working with the Royal Hotel to examine potential options for the redevelopment. Adding the know-how of this long-established hotel group from the Kansai region to Mori Trust's experience with its own hotels and overseas chains will generate synergy for achieving a perfect blend of tradition and progress in hotel management. A single investment has created the starting point for a business alliance spanning real estate, hotel, and resort projects-the perfect example of the kind of investment opportunities opened up by Mori Trust's "matrix management" approach.