Hotel Performance

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Domestic Hotels Total
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
# of Properties (Note2) actual - 79 (89) 79 (89) 79 (89) 79 (89) 79 (89) 80 (89) 80 (89)
Occupancy Rate actual (%) 74.0 81.8 83.0 80.9 80.3 82.1 80.3
ADR actual (JPY) 10,224 12,032 12,928 13,235 12,656 11,888 12,188
RevPAR actual (JPY) 7,563 9,842 10,729 10,709 10,167 9,754 9,789
Gross Revenue actual (JPY mn) 4,532 5,191 6,143 5,931 5,873 5,555 33,227
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
# of Properties (Note2) actual - 80 (89) 92 (101) 92 (101) 92 (101) 92 (101) 92 (101) 92 (101)
Occupancy Rate actual (%) 85.5 85.9 84.6 86.8 85.1 81.8 84.9
ADR actual (JPY) 14,427 17,523 13,244 14,019 14,361 13,767 14,578
RevPAR actual (JPY) 12,328 15,058 11,206 12,172 12,222 11,262 12,383
Gross Revenue actual (JPY mn) 6,979 10,107 7,635 8,546 8,385 8,081 49,735
Overseas Hotels Total
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
# of Properties (Note2) actual - 2 2 2 2 2 2 2
Occupancy Rate actual (%) 80.8 83.5 89.7 80.1 72.3 67.5 79.0
ADR actual (USD) 621 602 662 590 444 419 564
RevPAR actual (USD) 501 503 594 473 321 283 446
Gross Revenue actual (USD'000) 12,819 11,766 15,517 12,133 8,770 7,530 68,538
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
# of Properties (Note2) actual - 2 2 2 2 2 2 2
Occupancy Rate actual (%) 51.1 53.7 31.9 50.7 59.7 68.3 52.6
ADR actual (USD) 386 349 246 306 422 745 438
RevPAR actual (USD) 197 187 79 155 252 509 231
Gross Revenue actual (USD'000) 5,371 5,205 2,673 4,601 6,915 11,619 36,386
  1. ADR and RevPAR are rounded to the nearest yen and Gross Revenue is rounded down to the indicated unit. Percentages are rounded to one decimal place.This applies hereinafter.
  2. # of properties shows the number of the hotels that are subject to the calculation for each month, and does not include the number of hotels under fixed rent contract. The number in the parenthesis shows the total number of hotels held by INV as of the end of the subject month, including the hotels under fixed rent contract. Please see the footnote of the individual hotels listed below to identify the hotels under fixed rent contract.
  3. Sheraton Grande Tokyo Bay Hotel, the underlying asset of the preferred equity interest acquired on October 13, 2017 is excluded from the performance calculation.
  4. “Gross Revenue” for 2018 shows the total revenue of the hotel, while “Gross Revenue” prior to 2018 showed the gross operating income of the hotel. Year-on-year change in 2018 shows the total revenue in 2018 vs. the total revenue in 2017. There is no significant difference between total revenue and gross operating income for the limited service hotels that account for the vast majority of INV's hotel portfolio.
  5. For below figures of each hotel, comparison for year-on-year is not made if the days of operation are less than one month. Year-on-year comparison for the six month cumulative figures is not provided if the property was not held as at the beginning of the fiscal period. Year-on-year comparison with the pre-acquisition period of each hotel is based on actual results provided by sellers.
  6. Figures for year-on-year comparison are not shown in the case that the figures cannot be calculated due to the closure, etc. during the previous year.

Individual Hotels

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2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 78.6 86.0 89.0 90.3 89.2 88.7 86.9
year-on-year (points) -4.5 1.8 3.2 10.0 15.2 8.7 5.8
ADR actual (JPY) 9,087 11,078 13,808 13,293 12,213 11,309 11,863
year-on-year (%) 25.5 20.6 6.3 0.3 9.4 19.5 12.4
RevPAR actual (JPY) 7,144 9,529 12,288 12,002 10,891 10,028 10,314
year-on-year (%) 18.8 23.2 10.3 12.8 31.8 32.5 20.4
Gross Revenue actual (JPY mn) 28 35 48 45 42 38 238
year-on-year (%) 19.5 27.4 10.0 12.6 31.7 32.1 20.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 87.7 85.7 88.0 92.1 93.2 91.4 89.7
year-on-year (points) 1.4 -0.7 4.4 6.3 4.6 2.0 3.0
ADR actual (JPY) 11,580 10,963 11,363 14,109 16,134 15,601 13,345
year-on-year (%) 26.4 23.1 23.2 37.6 34.6 34.2 30.7
RevPAR actual (JPY) 10,151 9,400 10,004 12,989 15,033 14,259 11,967
year-on-year (%) 28.4 22.1 29.7 47.7 41.5 37.3 35.2
Gross Revenue actual (JPY mn) 39 37 38 51 57 56 279
year-on-year (%) 28.0 21.9 28.7 46.9 41.3 36.8 34.7
    (Note 1) This property was acquired on May 23, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 77.5 86.3 92.7 93.0 89.1 89.8 88.0
year-on-year (points) 6.9 0.8 1.5 4.9 1.8 7.7 3.9
ADR actual (JPY) 6,833 7,686 8,840 8,486 8,595 8,414 8,184
year-on-year (%) 39.1 41.0 39.4 29.7 41.4 35.4 37.2
RevPAR actual (JPY) 5,293 6,629 8,199 7,892 7,661 7,552 7,205
year-on-year (%) 52.7 42.2 41.6 36.9 44.3 48.1 43.6
Gross Revenue actual (JPY mn) 27 31 41 39 39 37 216
year-on-year (%) 50.4 46.1 39.3 37.3 44.9 43.0 42.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 88.8 89.3 89.4 93.0 92.9 87.3 90.1
year-on-year (points) 4.5 0.8 6.3 6.3 5.8 4.5 4.7
ADR actual (JPY) 8,388 8,416 8,558 9,884 11,200 11,811 9,712
year-on-year (%) 18.7 24.0 19.9 32.1 31.6 40.1 28.4
RevPAR actual (JPY) 7,451 7,515 7,654 9,196 10,409 10,309 8,753
year-on-year (%) 25.1 25.2 29.0 41.7 40.4 47.8 35.5
Gross Revenue actual (JPY mn) 38 38 37 46 51 52 265
year-on-year (%) 25.0 25.3 28.2 39.9 37.9 46.1 34.3
    (Note 1) This property was acquired on May 23, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 42.3 72.9 77.2 71.6 85.7 72.0 70.2
year-on-year (points) -23.6 0.6 5.0 -2.1 14.9 0.6 -0.8
ADR actual (JPY) 8,538 8,750 16,708 18,257 12,484 10,181 12,834
year-on-year (%) 41.2 37.2 28.3 34.7 6.0 20.8 28.6
RevPAR actual (JPY) 3,609 6,379 12,892 13,079 10,697 7,334 9,014
year-on-year (%) -9.4 38.3 37.2 30.8 28.2 21.7 27.1
Gross Revenue actual (JPY mn) 28 46 97 96 83 56 409
year-on-year (%) -9.0 38.4 33.5 28.0 27.5 19.9 25.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 68.3 75.4 71.5 85.4 87.5 81.4 78.2
year-on-year (points) 0.0 4.9 -2.1 15.4 16.2 22.5 9.5
ADR actual (JPY) 12,162 11,067 10,631 15,701 22,714 12,588 14,406
year-on-year (%) 23.7 21.4 20.1 22.1 20.3 8.6 21.7
RevPAR actual (JPY) 8,302 8,348 7,599 13,408 19,871 10,248 11,269
year-on-year (%) 23.8 29.8 16.7 48.9 47.7 50.1 38.5
Gross Revenue actual (JPY mn) 65 66 57 101 142 78 511
year-on-year (%) 21.4 29.1 15.7 45.3 45.3 46.1 35.9
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 90.2 90.8 92.7 93.0 91.8 90.6 91.5
year-on-year (points) 7.2 3.5 4.9 4.3 4.1 1.1 4.2
ADR actual (JPY) 11,216 15,055 16,807 11,379 13,240 11,537 13,213
year-on-year (%) 18.2 48.0 5.6 1.5 0.9 3.9 11.1
RevPAR actual (JPY) 10,118 13,669 15,577 10,579 12,152 10,454 12,092
year-on-year (%) 28.5 53.9 11.5 6.5 5.7 5.1 16.5
Gross Revenue actual (JPY mn) 64 77 96 76 78 66 460
year-on-year (%) 23.1 46.1 10.4 9.9 3.9 5.5 14.7
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 87.4 90.1 91.6 92.7 92.8 92.3 91.2
year-on-year (points) 4.0 2.5 2.7 1.3 0.9 0.9 2.0
ADR actual (JPY) 10,636 12,203 12,811 16,466 19,552 17,814 14,957
year-on-year (%) -5.1 -4.9 2.9 17.0 13.6 3.3 5.1
RevPAR actual (JPY) 9,301 10,995 11,737 15,267 18,148 16,445 13,635
year-on-year (%) -0.5 -2.2 6.0 18.6 14.7 4.3 7.5
Gross Revenue actual (JPY mn) 70 69 72 95 107 101 516
year-on-year (%) 7.1 -2.5 7.0 15.8 15.3 6.3 8.6
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 95.5 97.2 97.1 97.0 95.9 97.6 96.7
year-on-year (points) -0.8 -0.3 -0.4 0.5 0.9 0.1 0.0
ADR actual (JPY) 19,712 24,434 30,272 22,049 23,323 21,603 23,585
year-on-year (%) 28.3 50.8 17.8 9.2 5.1 12.5 18.7
RevPAR actual (JPY) 18,829 23,742 29,382 21,396 22,378 21,083 22,808
year-on-year (%) 27.3 50.4 17.3 9.8 6.0 12.6 18.7
Gross Revenue actual (JPY mn) 58 66 87 63 67 61 403
year-on-year (%) 25.0 51.6 16.7 9.4 5.9 10.4 18.0
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 97.2 96.2 95.8 96.9 96.7 96.4 96.5
year-on-year (points) 2.5 -1.3 0.1 3.4 3.1 3.0 1.8
ADR actual (JPY) 21,957 22,745 23,444 30,960 34,595 32,563 27,701
year-on-year (%) 6.5 -0.4 12.8 26.5 11.0 9.1 11.2
RevPAR actual (JPY) 21,351 21,872 22,454 29,994 33,454 31,396 26,741
year-on-year (%) 9.3 -1.8 13.0 31.2 14.8 12.5 13.4
Gross Revenue actual (JPY mn) 63 65 64 88 95 92 470
year-on-year (%) 7.1 -3.4 12.3 28.4 13.6 10.6 11.6
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 63.2 74.8 82.7 82.0 84.6 85.9 78.9
year-on-year (points) -8.5 -0.2 -0.3 8.1 15.6 3.3 3.0
ADR actual (JPY) 11,472 13,702 15,288 14,685 13,874 12,279 13,625
year-on-year (%) 6.4 2.3 -1.8 2.6 -3.2 6.0 2.1
RevPAR actual (JPY) 7,251 10,254 12,651 12,043 11,731 10,546 10,745
year-on-year (%) -6.1 2.1 -2.2 13.8 18.6 10.3 6.1
Gross Revenue actual (JPY mn) 41 52 65 62 63 56 341
year-on-year (%) -5.6 4.7 -1.9 13.2 17.7 11.1 6.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 89.1 80.3 77.9 90.1 91.3 86.1 85.8
year-on-year (points) 12.4 5.2 -0.7 11.6 12.5 14.3 9.2
ADR actual (JPY) 12,931 13,408 13,877 16,370 17,169 16,127 15,030
year-on-year (%) 1.9 0.2 10.8 15.6 6.1 11.0 8.1
RevPAR actual (JPY) 11,520 10,770 10,806 14,752 15,676 13,888 12,898
year-on-year (%) 18.4 7.1 9.8 32.7 22.9 33.1 21.1
Gross Revenue actual (JPY mn) 65 59 57 76 78 72 410
year-on-year (%) 23.1 6.8 10.9 19.5 23.1 30.9 19.2
    (Note 1) This property was acquired on July 17, 2014.
    (Note 2) The name of this property was changed from "Hotel MyStays Dojima" as of March 10, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 85.9 87.6 90.4 85.6 87.9 77.6 85.9
year-on-year (points) 13.1 3.5 0.0 -3.6 4.0 -4.4 2.2
ADR actual (JPY) 6,399 7,496 7,861 8,885 7,307 7,328 7,545
year-on-year (%) 9.1 10.7 13.4 28.1 2.0 17.7 13.1
RevPAR actual (JPY) 5,498 6,566 7,108 7,602 6,420 5,685 6,477
year-on-year (%) 28.8 15.3 13.4 23.0 6.9 11.4 16.0
Gross Revenue actual (JPY mn) 51 57 68 68 60 51 357
year-on-year (%) 25.7 18.4 13.5 21.6 7.7 9.8 15.7
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 89.5 95.1 88.6 86.4 90.5 83.5 88.9
year-on-year (points) 9.9 10.8 8.2 13.1 6.0 -3.5 7.4
ADR actual (JPY) 7,485 8,438 8,139 7,735 9,884 8,797 8,410
year-on-year (%) -1.8 12.3 -10.0 12.0 21.7 2.8 5.4
RevPAR actual (JPY) 6,695 8,027 7,211 6,682 8,949 7,349 7,479
year-on-year (%) 10.4 26.6 -0.7 32.0 30.4 -1.4 15.0
Gross Revenue actual (JPY mn) 62 75 64 62 78 67 411
year-on-year (%) 9.6 24.6 0.4 31.0 27.6 -1.5 14.3
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 57.3 69.7 83.6 85.8 77.5 73.7 74.6
year-on-year (points) -23.1 -8.1 0.3 1.1 7.9 2.7 -3.2
ADR actual (JPY) 6,089 7,773 8,642 8,274 8,122 6,471 7,663
year-on-year (%) -2.2 7.3 8.5 22.1 0.7 1.9 7.9
RevPAR actual (JPY) 3,490 5,417 7,228 7,095 6,291 4,768 5,716
year-on-year (%) -30.3 -3.9 8.9 23.8 12.2 5.8 3.5
Gross Revenue actual (JPY mn) 22 31 45 41 39 29 210
year-on-year (%) -28.3 -0.8 6.3 19.0 9.8 4.2 2.3
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 89.4 85.9 88.9 89.6 88.2 90.7 88.8
year-on-year (points) 14.5 7.9 15.5 14.4 15.4 19.6 14.6
ADR actual (JPY) 7,270 7,391 7,505 8,715 9,721 9,577 8,368
year-on-year (%) 11.2 6.3 16.2 28.7 27.9 38.3 21.8
RevPAR actual (JPY) 6,502 6,347 6,675 7,805 8,577 8,688 7,430
year-on-year (%) 32.7 17.1 40.8 53.4 55.0 76.4 45.7
Gross Revenue actual (JPY mn) 40 40 40 48 51 54 276
year-on-year (%) 27.3 12.0 33.5 43.0 43.9 64.0 37.2
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 82.9 86.8 93.6 89.6 90.2 89.3 88.8
year-on-year (points) 5.8 0.9 4.9 3.7 3.4 2.1 3.5
ADR actual (JPY) 7,411 9,411 11,994 11,497 10,767 9,401 10,137
year-on-year (%) 0.2 5.0 7.8 8.7 6.6 8.1 6.4
RevPAR actual (JPY) 6,143 8,169 11,226 10,301 9,709 8,400 8,996
year-on-year (%) 7.8 6.0 13.8 13.4 10.7 10.7 10.7
Gross Revenue actual (JPY mn) 41 50 73 65 63 53 348
year-on-year (%) 10.0 14.5 14.9 13.2 7.4 9.0 11.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 88.9 92.1 86.3 92.6 88.7 90.3 89.9
year-on-year (points) 4.3 5.4 3.0 6.9 2.9 5.7 4.7
ADR actual (JPY) 9,889 11,822 10,554 10,486 11,897 11,285 10,990
year-on-year (%) 7.7 12.7 1.1 16.3 20.8 5.5 10.5
RevPAR actual (JPY) 8,796 10,891 9,103 9,714 10,550 10,193 9,875
year-on-year (%) 13.1 19.8 4.7 25.7 24.9 12.7 16.7
Gross Revenue actual (JPY mn) 57 70 57 63 65 65 381
year-on-year (%) 10.1 13.4 2.5 24.1 19.3 9.4 13.0
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 79.4 86.3 87.6 88.3 90.1 89.8 86.9
year-on-year (points) -1.8 1.3 2.6 2.2 6.1 4.3 2.5
ADR actual (JPY) 7,447 9,436 11,684 10,006 9,194 8,692 9,438
year-on-year (%) 23.4 27.2 26.9 10.1 12.6 14.2 18.9
RevPAR actual (JPY) 5,915 8,141 10,233 8,837 8,285 7,807 8,202
year-on-year (%) 20.7 29.2 30.9 12.9 20.8 20.0 22.4
Gross Revenue actual (JPY mn) 17 22 30 25 24 22 142
year-on-year (%) 21.1 33.4 31.8 12.9 21.5 20.1 23.3
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 88.9 88.6 71.7 60.9 61.4 64.7 72.8
year-on-year (points) 4.3 1.0 -14.8 -25.1 -23.5 -22.4 -13.4
ADR actual (JPY) 8,674 8,520 8,745 10,910 13,163 12,460 10,154
year-on-year (%) 14.2 12.0 17.3 29.9 35.0 23.9 19.8
RevPAR actual (JPY) 7,711 7,548 6,269 6,641 8,077 8,064 7,387
year-on-year (%) 20.0 13.3 -2.8 -8.0 -2.4 -8.0 1.2
Gross Revenue actual (JPY mn) 22 22 17 19 22 23 128
year-on-year (%) 18.7 12.8 -2.1 -9.4 -2.2 -7.2 1.0
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 84.5 90.1 94.0 88.3 89.0 83.1 88.2
year-on-year (points) 6.7 -0.3 -0.7 0.7 5.6 -0.1 2.0
ADR actual (JPY) 8,695 11,027 10,849 9,261 10,057 9,840 9,971
year-on-year (%) 20.2 23.2 20.0 16.5 12.1 16.9 18.0
RevPAR actual (JPY) 7,346 9,938 10,199 8,178 8,950 8,174 8,792
year-on-year (%) 30.5 22.8 19.1 17.5 19.5 16.7 20.8
Gross Revenue actual (JPY mn) 42 53 58 46 52 45 298
year-on-year (%) 30.7 27.2 20.1 20.7 21.1 16.8 22.5
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 92.1 87.8 90.1 90.9 92.8 91.6 90.9
year-on-year (points) 3.1 -4.6 0.8 2.2 3.3 3.0 1.3
ADR actual (JPY) 11,790 11,278 11,078 12,845 16,996 16,656 13,463
year-on-year (%) 30.0 23.7 36.3 36.9 32.0 34.2 32.6
RevPAR actual (JPY) 10,860 9,897 9,977 11,681 15,773 15,260 12,234
year-on-year (%) 34.6 17.5 37.6 40.3 36.9 38.8 34.5
Gross Revenue actual (JPY mn) 62 56 55 66 86 87 415
year-on-year (%) 33.1 17.7 36.7 39.5 36.3 39.9 34.2
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 85.3 90.3 92.6 91.4 84.2 50.6 82.4
year-on-year (points) -4.0 1.3 -1.4 4.9 0.6 -20.7 -3.2
ADR actual (JPY) 10,135 13,012 15,214 14,931 12,276 10,891 12,934
year-on-year (%) 39.4 52.8 81.1 51.1 22.0 9.8 44.5
RevPAR actual (JPY) 8,650 11,750 14,083 13,649 10,336 5,513 10,663
year-on-year (%) 33.1 55.0 78.4 59.7 22.9 -22.1 39.1
Gross Revenue actual (JPY mn) 17 21 27 25 20 10 123
year-on-year (%) 30.2 49.4 71.5 54.4 20.4 -21.7 35.1
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 44.1 35.2 57.1 92.0 92.2 89.4 69.6
year-on-year (points) -44.9 -48.9 -32.9 -1.2 2.4 1.3 -19.4
ADR actual (JPY) 13,120 15,904 15,554 18,854 21,528 22,719 19,112
year-on-year (%) 42.6 55.5 53.8 84.2 87.1 83.4 80.2
RevPAR actual (JPY) 5,790 5,596 8,885 17,343 19,850 20,305 13,308
year-on-year (%) -29.3 -34.9 -2.4 81.7 92.2 86.2 40.9
Gross Revenue actual (JPY mn) 11 11 17 37 41 44 164
year-on-year (%) -28.4 -34.0 -0.2 98.1 111.0 104.8 47.1
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 87.2 91.4 93.3 91.3 85.8 92.1 90.2
year-on-year (points) 1.8 -5.5 -3.0 -4.7 -7.0 2.6 -2.6
ADR actual (JPY) 7,163 9,168 11,289 10,282 10,591 8,805 9,567
year-on-year (%) 46.2 79.0 79.8 35.3 44.2 34.2 51.1
RevPAR actual (JPY) 6,248 8,377 10,530 9,392 9,091 8,108 8,626
year-on-year (%) 49.2 68.7 74.1 28.7 33.3 38.2 46.9
Gross Revenue actual (JPY mn) 14 17 23 20 20 17 114
year-on-year (%) 48.3 73.8 73.5 29.0 33.1 37.4 47.3
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 91.4 91.9 93.9 94.5 94.9 92.6 93.2
year-on-year (points) 1.7 2.1 0.8 3.0 3.3 9.1 3.3
ADR actual (JPY) 8,991 8,718 8,875 10,775 11,495 11,239 10,024
year-on-year (%) 27.2 21.1 24.8 35.9 28.7 24.8 27.6
RevPAR actual (JPY) 8,217 8,011 8,333 10,186 10,904 10,408 9,340
year-on-year (%) 29.6 24.0 25.9 40.4 33.4 38.3 32.3
Gross Revenue actual (JPY mn) 18 18 18 22 23 23 125
year-on-year (%) 30.7 23.0 25.6 39.6 34.2 38.6 32.3
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 82.3 91.4 92.7 92.2 86.0 91.8 89.4
year-on-year (points) -9.9 -2.4 -3.9 -1.6 -6.3 0.4 -4.0
ADR actual (JPY) 8,499 10,107 11,649 12,731 10,694 9,949 10,643
year-on-year (%) 18.9 25.8 26.1 12.0 7.4 10.9 16.6
RevPAR actual (JPY) 6,998 9,238 10,795 11,743 9,195 9,135 9,510
year-on-year (%) 6.2 22.6 21.1 10.1 0.1 11.4 11.6
Gross Revenue actual (JPY mn) 12 14 18 19 15 15 95
year-on-year (%) 6.2 26.4 18.7 9.5 -0.7 11.3 11.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 91.6 90.8 91.6 95.4 93.2 89.9 92.1
year-on-year (points) 0.9 1.4 0.7 1.6 -0.5 -1.9 0.4
ADR actual (JPY) 10,069 9,386 10,263 11,297 12,244 12,055 10,887
year-on-year (%) 14.9 11.4 14.0 16.4 22.6 20.4 16.8
RevPAR actual (JPY) 9,224 8,521 9,405 10,773 11,405 10,839 10,024
year-on-year (%) 16.0 13.2 14.8 18.4 21.9 17.8 17.2
Gross Revenue actual (JPY mn) 15 14 15 18 18 18 102
year-on-year (%) 15.5 14.3 16.4 18.4 21.7 17.6 17.5
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 79.6 90.8 91.6 88.8 85.6 89.3 87.6
year-on-year (points) -1.8 3.3 2.2 -1.3 -4.5 -2.2 -0.8
ADR actual (JPY) 5,189 5,118 5,483 5,750 5,498 5,409 5,412
year-on-year (%) 31.7 28.2 24.3 24.0 15.0 19.2 23.1
RevPAR actual (JPY) 4,130 4,647 5,023 5,104 4,705 4,831 4,739
year-on-year (%) 28.8 33.1 27.3 22.2 9.3 16.4 22.0
Gross Revenue actual (JPY mn) 16 17 20 20 19 18 113
year-on-year (%) 29.1 37.2 27.0 21.4 8.5 14.6 22.0
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 91.1 83.5 82.8 85.9 92.1 87.6 87.2
year-on-year (points) -1.6 -3.7 0.0 -2.8 3.3 -0.4 -0.9
ADR actual (JPY) 5,329 5,367 5,679 5,921 5,777 5,969 5,673
year-on-year (%) 15.7 10.4 14.5 16.2 7.5 11.9 12.7
RevPAR actual (JPY) 4,856 4,484 4,702 5,085 5,320 5,228 4,945
year-on-year (%) 13.7 5.7 14.5 12.5 11.5 11.4 11.5
Gross Revenue actual (JPY mn) 19 18 18 20 20 21 119
year-on-year (%) 13.3 5.8 13.6 12.8 11.5 11.6 11.4
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 73.9 76.7 82.0 85.7 83.3 79.2 80.2
year-on-year (points) -0.9 1.1 3.8 1.8 -0.8 -2.3 0.4
ADR actual (JPY) 5,195 5,446 5,614 5,797 5,595 5,738 5,572
year-on-year (%) 38.9 34.8 31.9 17.7 12.0 14.9 23.4
RevPAR actual (JPY) 3,840 4,175 4,604 4,970 4,660 4,546 4,466
year-on-year (%) 37.3 36.9 38.3 20.2 10.9 11.7 24.0
Gross Revenue actual (JPY mn) 12 12 15 15 15 14 86
year-on-year (%) 35.7 39.4 36.5 19.1 10.1 11.0 23.5
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 85.3 83.7 82.7 82.0 86.8 80.5 83.5
year-on-year (points) 1.9 3.0 3.4 0.3 4.7 0.3 2.3
ADR actual (JPY) 5,564 5,653 5,605 5,689 5,640 5,717 5,644
year-on-year (%) 17.6 16.7 11.4 12.3 10.4 8.5 12.8
RevPAR actual (JPY) 4,748 4,732 4,637 4,664 4,893 4,602 4,712
year-on-year (%) 20.3 21.0 16.2 12.7 16.8 8.9 15.9
Gross Revenue actual (JPY mn) 15 15 14 15 15 15 92
year-on-year (%) 20.0 20.1 15.1 12.1 16.6 8.9 15.4
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 63.3 69.9 84.5 87.5 83.1 78.7 77.9
year-on-year (points) -22.6 -15.2 -3.4 -3.6 3.9 0.7 -6.7
ADR actual (JPY) 8,972 10,901 11,504 8,486 9,029 8,057 9,484
year-on-year (%) 15.9 25.3 11.0 14.5 6.6 5.3 12.9
RevPAR actual (JPY) 5,675 7,624 9,726 7,429 7,504 6,341 7,386
year-on-year (%) -14.6 2.9 6.7 10.0 11.8 6.2 4.0
Gross Revenue actual (JPY mn) 20 25 33 25 26 21 152
year-on-year (%) -13.8 6.8 6.6 10.0 11.6 5.8 4.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 90.4 84.3 77.7 87.4 87.2 86.7 85.6
year-on-year (points) 12.5 11.7 2.2 2.6 9.0 23.7 10.3
ADR actual (JPY) 9,586 10,339 9,657 11,026 11,645 12,107 10,740
year-on-year (%) 7.5 10.8 17.2 31.2 13.2 5.7 14.7
RevPAR actual (JPY) 8,664 8,711 7,500 9,632 10,149 10,491 9,195
year-on-year (%) 24.7 28.7 20.7 35.2 26.2 45.4 30.4
Gross Revenue actual (JPY mn) 30 30 25 33 34 36 190
year-on-year (%) 24.3 27.7 19.1 34.5 25.3 44.4 29.5
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 69.3 82.3 86.2 79.1 79.4 73.7 78.3
year-on-year (points) -3.5 2.8 2.9 0.4 5.7 -3.9 0.7
ADR actual (JPY) 13,246 14,229 17,028 18,446 15,814 15,100 15,716
year-on-year (%) 46.1 40.0 25.8 44.0 23.1 18.9 32.0
RevPAR actual (JPY) 9,183 11,707 14,677 14,584 12,557 11,126 12,306
year-on-year (%) 39.0 44.9 30.2 44.7 32.6 12.9 33.2
Gross Revenue actual (JPY mn) 17 20 27 25 23 20 134
year-on-year (%) 33.4 49.0 28.5 41.8 30.7 11.6 31.7
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 78.9 69.4 69.9 77.6 77.8 78.9 75.4
year-on-year (points) -3.8 -6.6 -1.3 -10.2 -5.1 1.4 -4.3
ADR actual (JPY) 16,250 16,548 14,612 17,789 18,481 19,973 17,346
year-on-year (%) 15.1 16.7 20.6 36.3 25.1 23.7 23.2
RevPAR actual (JPY) 12,819 11,491 10,220 13,802 14,374 15,757 13,086
year-on-year (%) 9.8 6.6 18.4 20.4 17.4 25.9 16.6
Gross Revenue actual (JPY mn) 23 21 18 25 25 29 144
year-on-year (%) 8.7 5.5 19.3 20.1 16.8 23.9 15.8
    (Note 1) This property was acquired on July 17, 2014.
    (Note 2) The name of this property was changed from "Flexstay Inn Kiyosumi Shirakawa" as of September 9, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 63.3 81.7 85.2 95.4 82.2 83.0 81.7
year-on-year (points) -9.8 -1.6 -3.7 5.2 0.4 -2.6 -2.1
ADR actual (JPY) 5,891 6,136 6,596 6,492 6,467 6,279 6,335
year-on-year (%) 30.6 15.6 10.7 7.5 8.7 11.9 13.2
RevPAR actual (JPY) 3,728 5,013 5,619 6,192 5,317 5,211 5,176
year-on-year (%) 13.1 13.3 6.0 13.8 9.2 8.5 10.4
Gross Revenue actual (JPY mn) 4 5 6 7 6 6 37
year-on-year (%) 16.9 17.7 6.7 14.9 9.5 8.6 11.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 85.4 78.6 83.4 86.1 77.9 77.1 81.4
year-on-year (points) 0.5 -3.8 -1.1 7.7 -1.9 5.9 1.2
ADR actual (JPY) 6,224 6,257 6,457 6,891 7,649 7,070 6,744
year-on-year (%) 11.6 9.1 15.5 17.0 26.3 13.9 15.7
RevPAR actual (JPY) 5,318 4,916 5,386 5,933 5,963 5,450 5,492
year-on-year (%) 12.2 4.0 13.9 28.5 23.3 23.3 17.4
Gross Revenue actual (JPY mn) 6 5 6 7 7 6 39
year-on-year (%) 12.6 4.2 14.8 29.3 22.4 24.1 17.8
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 68.0 84.0 89.7 95.9 73.3 75.9 81.1
year-on-year (points) -12.8 -4.0 2.2 4.1 -10.1 -17.6 -6.4
ADR actual (JPY) 5,484 6,157 6,555 6,774 6,136 5,978 6,225
year-on-year (%) 20.7 17.5 19.3 13.3 5.5 6.4 14.0
RevPAR actual (JPY) 3,731 5,172 5,883 6,497 4,499 4,538 5,047
year-on-year (%) 1.6 12.2 22.3 18.3 -7.3 -13.6 5.6
Gross Revenue actual (JPY mn) 2 3 4 4 3 3 20
year-on-year (%) 1.6 16.1 22.7 18.3 -7.1 -14.0 6.2
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 85.0 74.3 82.7 88.7 80.2 75.2 81.0
year-on-year (points) 4.0 -6.9 -0.9 7.8 -3.5 4.3 0.8
ADR actual (JPY) 5,985 5,948 6,377 6,671 7,307 7,174 6,570
year-on-year (%) 3.9 7.7 14.0 15.6 18.7 18.3 13.2
RevPAR actual (JPY) 5,090 4,422 5,275 5,918 5,856 5,396 5,324
year-on-year (%) 9.0 -1.4 12.8 26.7 13.8 25.4 14.3
Gross Revenue actual (JPY mn) 3 3 3 4 3 3 21
year-on-year (%) 9.0 -2.5 12.4 25.8 13.5 24.7 13.8
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 75.7 73.4 77.8 84.8 93.8 97.3 83.8
year-on-year (points) - - - - - 23.5 -
ADR actual (JPY) 6,549 8,237 9,269 10,211 9,041 8,184 8,613
year-on-year (%) - - - - - 4.0 -
RevPAR actual (JPY) 4,960 6,047 7,213 8,663 8,480 7,962 7,222
year-on-year (%) - - - - - 37.0 -
Gross Revenue actual (JPY mn) 70 80 102 120 121 111 608
year-on-year (%) - - - - - 38.3 -
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 99.0 98.2 98.9 99.5 99.6 99.5 99.1
year-on-year (points) 13.3 0.5 0.7 3.1 1.4 6.4 4.3
ADR actual (JPY) 8,223 8,778 9,006 9,758 11,460 9,909 9,518
year-on-year (%) 5.1 9.2 14.5 27.8 39.2 10.9 17.7
RevPAR actual (JPY) 8,145 8,620 8,905 9,711 11,415 9,861 9,435
year-on-year (%) 21.4 9.8 15.3 31.9 41.1 18.5 23.0
Gross Revenue actual (JPY mn) 117 124 124 139 157 142 805
year-on-year (%) 22.0 -14.9 15.4 31.6 39.9 20.0 17.2
    (Note 1) This property was acquired on February 6, 2015.
    (Note 2) This property accepted COVID-19 patients with mild or no symptoms from August 4, 2020 to May 7, 2023. The year-on-year comparisons for each month from January to May 2023, the January-June 2023 total are not disclosed as the consent from the parties concerned has not been obtained.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 50.7 63.0 61.3 74.5 72.8 81.4 67.2
year-on-year (points) -1.8 4.0 -9.3 0.7 -5.1 -7.6 -3.3
ADR actual (JPY) 6,233 6,121 6,045 8,995 9,183 8,990 7,786
year-on-year (%) -1.4 1.5 -0.1 15.6 12.0 14.9 8.8
RevPAR actual (JPY) 3,163 3,855 3,707 6,699 6,684 7,316 5,233
year-on-year (%) -4.7 8.4 -13.3 16.7 4.7 5.1 3.7
Gross Revenue actual (JPY mn) 25 29 30 48 50 52 236
year-on-year (%) -7.3 6.9 -15.0 11.7 2.6 3.5 1.1
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 80.9 89.7 85.6 84.7 81.9 78.1 83.5
year-on-year (points) -3.6 2.8 6.9 2.4 10.4 15.2 5.7
ADR actual (JPY) 10,224 12,472 9,747 8,296 7,148 6,765 9,184
year-on-year (%) 7.0 21.0 18.5 14.8 4.2 3.1 11.3
RevPAR actual (JPY) 8,275 11,183 8,348 7,027 5,851 5,286 7,668
year-on-year (%) 2.5 24.9 28.9 18.2 19.4 27.9 19.4
Gross Revenue actual (JPY mn) 60 79 59 52 43 41 337
year-on-year (%) 1.1 21.2 23.9 12.6 15.8 25.2 15.9
    (Note 1) This property was acquired on February 6, 2015.
    (Note 2) The name of this property was changed from "Hotel Nets Hakodate" as of May 1, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 70.5 80.0 78.6 85.5 78.7 77.3 78.4
year-on-year (points) -11.1 2.0 0.3 -3.3 -9.3 -5.8 -4.6
ADR actual (JPY) 6,541 7,147 7,853 7,828 7,455 7,821 7,459
year-on-year (%) 41.4 42.0 29.6 25.7 22.9 31.1 31.2
RevPAR actual (JPY) 4,614 5,718 6,176 6,691 5,866 6,049 5,848
year-on-year (%) 22.2 45.7 30.1 21.0 9.8 22.0 23.9
Gross Revenue actual (JPY mn) 12 14 16 17 15 15 90
year-on-year (%) 22.4 50.5 29.8 20.8 9.9 21.8 24.5
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 82.3 76.6 79.7 83.4 81.0 77.6 80.1
year-on-year (points) 0.7 -5.6 -4.2 -1.3 3.4 3.3 -0.6
ADR actual (JPY) 7,536 7,612 7,857 8,195 8,057 8,401 7,943
year-on-year (%) 21.6 17.8 19.0 19.2 19.3 18.3 19.3
RevPAR actual (JPY) 6,204 5,829 6,261 6,838 6,529 6,517 6,363
year-on-year (%) 22.5 9.7 13.1 17.4 24.6 23.7 18.4
Gross Revenue actual (JPY mn) 16 15 16 17 16 17 99
year-on-year (%) 22.5 10.2 13.7 17.0 24.1 24.1 18.5
    (Note 1) This property was acquired on February 6, 2015.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 92.8 95.2 94.7 94.7 93.6 95.6 94.4
year-on-year (points) 10.9 3.4 -1.1 4.3 -0.7 0.4 2.9
ADR actual (JPY) 10,992 12,238 13,811 13,784 13,084 12,639 12,764
year-on-year (%) -0.6 5.2 9.4 1.5 13.6 8.2 6.1
RevPAR actual (JPY) 10,195 11,651 13,083 13,058 12,242 12,087 12,052
year-on-year (%) 12.7 9.1 8.1 6.3 12.7 8.6 9.4
Gross Revenue actual (JPY mn) 61 64 77 74 72 70 420
year-on-year (%) 9.6 10.7 7.3 4.8 11.5 8.4 8.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 94.8 92.4 93.1 96.7 95.3 92.7 94.2
year-on-year (points) 1.0 -2.0 2.0 1.8 0.1 0.1 0.5
ADR actual (JPY) 12,683 12,964 12,427 13,780 15,446 14,692 13,667
year-on-year (%) 6.7 5.3 4.7 12.6 21.2 16.6 11.3
RevPAR actual (JPY) 12,020 11,974 11,575 13,320 14,727 13,624 12,870
year-on-year (%) 7.8 3.1 6.9 14.7 21.3 16.7 11.9
Gross Revenue actual (JPY mn) 70 71 66 78 83 80 451
year-on-year (%) 5.7 1.7 4.7 10.8 19.1 15.1 9.6
    (Note 1) This property was acquired on July 16, 2015.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 78.7 82.8 89.8 92.9 89.2 83.1 86.1
year-on-year (points) 7.4 -5.7 -1.4 0.4 -1.6 -9.4 -1.6
ADR actual (JPY) 6,198 7,399 8,392 8,599 7,880 7,603 7,719
year-on-year (%) 18.6 37.9 40.5 30.7 39.3 36.5 34.2
RevPAR actual (JPY) 4,881 6,129 7,533 7,988 7,031 6,322 6,647
year-on-year (%) 31.0 29.1 38.3 31.3 36.9 22.6 31.7
Gross Revenue actual (JPY mn) 42 49 64 65 60 52 334
year-on-year (%) 28.8 31.3 36.5 29.4 35.4 21.4 30.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 89.6 85.5 88.7 94.7 94.0 95.0 91.3
year-on-year (points) -3.2 -6.4 -3.8 4.3 2.1 7.9 0.2
ADR actual (JPY) 7,427 7,469 7,445 8,083 8,489 8,379 7,897
year-on-year (%) 34.6 35.5 33.4 38.5 34.2 19.1 32.5
RevPAR actual (JPY) 6,656 6,384 6,607 7,655 7,980 7,957 7,206
year-on-year (%) 30.0 26.1 27.9 45.0 37.1 29.9 32.8
Gross Revenue actual (JPY mn) 56 54 55 65 66 68 366
year-on-year (%) 28.4 24.8 26.8 43.4 36.2 30.4 31.8
    (Note 1) This property was acquired on July 16, 2015.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 87.1 92.3 93.0 92.0 88.9 93.4 91.1
year-on-year (points) 11.8 8.3 6.4 2.7 2.6 7.1 6.5
ADR actual (JPY) 10,575 12,848 14,867 15,747 13,437 11,951 13,258
year-on-year (%) 47.8 56.8 78.0 48.5 37.5 34.8 49.4
RevPAR actual (JPY) 9,211 11,862 13,823 14,486 11,940 11,163 12,075
year-on-year (%) 71.0 72.2 91.2 53.0 41.6 45.8 60.8
Gross Revenue actual (JPY mn) 28 33 41 42 36 32 216
year-on-year (%) 70.0 76.0 88.8 52.3 41.2 45.5 60.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 93.2 92.2 91.4 93.9 94.3 92.0 92.8
year-on-year (points) 7.1 5.4 4.0 2.2 1.1 2.9 3.8
ADR actual (JPY) 12,969 12,234 11,328 15,262 15,647 15,575 13,852
year-on-year (%) 32.0 36.2 30.5 42.2 35.3 25.5 33.3
RevPAR actual (JPY) 12,089 11,274 10,355 14,333 14,749 14,331 12,859
year-on-year (%) 43.0 44.6 36.4 45.6 36.9 29.6 39.0
Gross Revenue actual (JPY mn) 37 34 30 43 43 43 233
year-on-year (%) 42.6 44.1 36.3 45.6 37.4 29.8 38.9
    (Note 1) This property was acquired on July 16, 2015.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 73.9 81.8 88.6 93.1 88.6 87.2 85.5
year-on-year (points) -9.2 -6.7 -0.8 3.7 0.2 -1.7 -2.4
ADR actual (JPY) 6,421 7,574 8,829 8,528 7,995 7,838 7,916
year-on-year (%) 28.9 43.1 40.2 27.6 32.0 32.7 34.5
RevPAR actual (JPY) 4,743 6,192 7,818 7,942 7,087 6,832 6,768
year-on-year (%) 14.6 32.4 38.9 32.9 32.2 30.1 30.8
Gross Revenue actual (JPY mn) 26 32 43 42 39 37 222
year-on-year (%) 14.0 35.6 37.6 31.7 32.1 28.1 30.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 87.0 87.4 87.0 94.3 94.1 93.8 90.6
year-on-year (points) -3.9 -1.3 -3.6 5.2 6.0 11.1 2.2
ADR actual (JPY) 8,153 7,570 7,744 8,658 9,028 8,986 8,376
year-on-year (%) 40.0 30.8 34.1 41.8 34.2 23.5 34.4
RevPAR actual (JPY) 7,097 6,619 6,735 8,168 8,499 8,425 7,590
year-on-year (%) 33.9 28.9 28.7 50.1 43.3 40.0 37.8
Gross Revenue actual (JPY mn) 39 37 36 45 45 47 252
year-on-year (%) 32.3 28.0 29.0 49.0 41.7 39.1 36.8
    (Note 1) This property was acquired on July 16, 2015.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 77.5 87.0 82.6 84.4 87.4 81.5 83.3
year-on-year (points) 2.3 1.6 -9.1 -5.0 0.5 -0.9 -1.8
ADR actual (JPY) 6,684 7,279 8,475 7,272 7,590 6,872 7,375
year-on-year (%) 7.7 19.7 14.5 11.9 0.9 7.1 9.7
RevPAR actual (JPY) 5,178 6,336 6,996 6,138 6,630 5,599 6,147
year-on-year (%) 10.9 21.9 3.1 5.7 1.5 5.9 7.4
Gross Revenue actual (JPY mn) 27 30 36 31 34 28 187
year-on-year (%) 9.9 25.4 3.1 2.7 1.4 5.6 7.2
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 82.3 83.3 87.9 78.1 79.7 81.8 82.2
year-on-year (points) -6.0 -4.9 2.7 -6.1 -0.6 4.8 -1.7
ADR actual (JPY) 7,840 8,658 8,107 7,679 8,376 7,701 8,062
year-on-year (%) -0.9 4.2 14.2 4.6 -0.7 2.2 3.7
RevPAR actual (JPY) 6,450 7,209 7,124 5,997 6,675 6,301 6,623
year-on-year (%) -7.6 -1.6 17.8 -2.9 -1.5 8.6 1.6
Gross Revenue actual (JPY mn) 34 37 35 30 33 33 204
year-on-year (%) -4.2 0.4 17.4 -3.4 -1.6 7.8 2.3
    (Note 1) This property was acquired on July 16, 2015.
    (Note 2) The name of this property was changed from "Hotel Vista Shimizu" as of April 1, 2019.
    (Note 1) This property was acquired on July 16, 2015.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 81.7 84.4 86.5 84.9 84.0 80.5 83.7
year-on-year (points) 0.0 -1.0 -6.3 -6.3 -2.1 -3.6 -3.2
ADR actual (JPY) 4,553 4,859 5,778 7,141 5,306 5,085 5,464
year-on-year (%) 21.1 29.1 36.4 18.2 14.0 15.7 21.5
RevPAR actual (JPY) 3,720 4,101 5,001 6,064 4,458 4,093 4,572
year-on-year (%) 21.1 27.6 27.2 10.0 11.2 10.8 17.0
Gross Revenue actual (JPY mn) 10 10 13 16 12 11 75
year-on-year (%) 19.3 29.8 26.6 8.6 10.8 10.0 16.5
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 83.0 82.6 83.3 87.6 88.8 81.5 84.4
year-on-year (points) -3.3 -3.5 -1.7 0.9 3.3 -1.5 -1.0
ADR actual (JPY) 5,130 5,158 5,374 5,462 5,446 6,106 5,445
year-on-year (%) 16.2 10.2 21.1 20.7 13.0 25.7 17.8
RevPAR actual (JPY) 4,258 4,260 4,474 4,788 4,834 4,976 4,598
year-on-year (%) 11.7 5.7 18.6 22.0 17.3 23.4 16.4
Gross Revenue actual (JPY mn) 11 11 12 13 13 13 76
year-on-year (%) 11.4 4.5 18.6 21.0 17.4 22.8 15.9
    (Note 1) This property was acquired on July 16, 2015.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 85.3 84.1 89.0 86.9 87.5 82.2 85.9
year-on-year (points) 8.5 -7.3 -3.9 -2.1 2.1 -4.9 -1.1
ADR actual (JPY) 7,514 8,222 8,514 9,461 9,816 8,413 8,667
year-on-year (%) 0.5 12.5 2.2 16.3 -0.7 14.9 7.0
RevPAR actual (JPY) 6,413 6,917 7,576 8,224 8,585 6,912 7,442
year-on-year (%) 11.7 3.5 -2.1 13.6 1.6 8.5 5.6
Gross Revenue actual (JPY mn) 48 49 60 61 65 51 337
year-on-year (%) 20.2 10.4 20.1 36.8 26.2 11.4 21.0
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 89.0 91.7 83.8 89.7 90.5 85.8 88.4
year-on-year (points) -0.4 0.8 -3.0 1.4 5.6 -0.5 0.6
ADR actual (JPY) 8,747 10,455 10,319 11,791 12,434 9,937 10,618
year-on-year (%) 11.1 14.4 8.4 19.4 21.4 14.1 15.3
RevPAR actual (JPY) 7,782 9,586 8,644 10,574 11,248 8,525 9,387
year-on-year (%) 10.6 15.4 4.7 21.2 29.3 13.4 16.1
Gross Revenue actual (JPY mn) 56 57 62 69 80 59 385
year-on-year (%) 13.6 19.6 14.4 13.8 28.3 -1.7 14.6
    (Note 1) This property was acquired on July 16, 2015.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 77.0 83.9 83.6 86.6 81.5 81.6 82.3
year-on-year (points) 3.3 -0.5 -4.1 -2.2 -4.5 3.1 -0.8
ADR actual (JPY) 5,062 5,669 5,799 6,257 6,540 6,069 5,909
year-on-year (%) 9.4 14.4 18.5 19.4 14.7 5.1 13.5
RevPAR actual (JPY) 3,898 4,759 4,846 5,416 5,327 4,953 4,864
year-on-year (%) 14.3 13.7 12.9 16.4 8.7 9.2 12.4
Gross Revenue actual (JPY mn) 7 8 9 10 10 9 57
year-on-year (%) 14.1 17.2 12.5 16.0 9.1 9.4 12.8
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 87.0 86.4 81.6 82.9 82.4 82.3 83.8
year-on-year (points) 8.0 5.0 3.6 8.2 0.3 4.4 5.0
ADR actual (JPY) 5,966 6,448 6,461 6,818 6,619 5,799 6,347
year-on-year (%) 3.6 11.6 11.8 13.0 20.5 12.3 12.0
RevPAR actual (JPY) 5,193 5,571 5,269 5,649 5,457 4,773 5,318
year-on-year (%) 14.1 18.5 17.0 25.4 21.0 18.7 19.1
Gross Revenue actual (JPY mn) 10 11 10 11 10 9 63
year-on-year (%) 13.8 19.2 17.1 24.6 19.8 14.7 18.2
    (Note 1) This property was acquired on July 16, 2015.
    (Note 1) This property was acquired on July 16, 2015.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 82.2 89.4 87.8 90.8 89.3 89.0 88.0
year-on-year (points) 13.6 2.2 -1.9 -2.6 1.8 4.0 2.9
ADR actual (JPY) 4,515 5,207 5,905 5,868 5,519 5,216 5,383
year-on-year (%) -0.7 4.1 9.4 16.3 7.5 6.0 7.0
RevPAR actual (JPY) 3,709 4,654 5,186 5,328 4,927 4,641 4,739
year-on-year (%) 19.0 6.6 7.0 13.0 9.7 11.0 10.7
Gross Revenue actual (JPY mn) 7 8 10 10 9 8 54
year-on-year (%) 22.2 13.7 6.4 13.6 9.6 9.7 11.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 85.2 82.8 87.7 89.0 90.5 83.4 86.4
year-on-year (points) 5.4 10.2 15.4 11.3 2.7 4.4 8.2
ADR actual (JPY) 5,491 5,491 5,232 5,205 5,493 5,107 5,336
year-on-year (%) 7.6 2.2 -0.9 -5.3 5.3 1.7 1.8
RevPAR actual (JPY) 4,677 4,548 4,588 4,634 4,970 4,259 4,611
year-on-year (%) 14.9 16.6 20.2 8.5 8.6 7.3 12.5
Gross Revenue actual (JPY mn) 9 8 8 9 9 8 53
year-on-year (%) 14.5 16.2 19.8 8.5 9.4 6.5 12.3
    (Note 1) This property was acquired on July 16, 2015.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 78.6 88.9 87.1 90.8 90.3 85.1 86.8
year-on-year (points) 13.4 16.7 10.9 4.2 3.5 7.7 9.3
ADR actual (JPY) 5,756 5,961 5,997 6,202 5,970 6,061 5,995
year-on-year (%) 17.2 13.2 20.4 13.0 6.9 12.9 13.4
RevPAR actual (JPY) 4,525 5,301 5,226 5,632 5,391 5,156 5,202
year-on-year (%) 41.3 39.4 37.6 18.6 11.2 24.1 27.1
Gross Revenue actual (JPY mn) 29 32 34 35 35 32 201
year-on-year (%) 40.6 44.0 37.7 17.9 9.5 23.9 27.1
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 85.2 77.7 73.4 83.6 87.3 80.8 81.4
year-on-year (points) 6.5 2.6 0.7 6.8 4.5 0.2 3.6
ADR actual (JPY) 6,129 6,231 6,355 6,284 6,379 6,618 6,331
year-on-year (%) 13.9 11.4 14.6 16.2 18.6 17.8 15.4
RevPAR actual (JPY) 5,220 4,843 4,666 5,255 5,566 5,350 5,150
year-on-year (%) 23.3 15.3 15.7 26.4 25.1 18.0 20.7
Gross Revenue actual (JPY mn) 34 32 29 34 35 35 201
year-on-year (%) 22.9 15.5 15.5 26.4 25.0 17.8 20.6
    (Note 1) This property was acquired on August 28, 2015.
    (Note 1) This property was acquired on August 28, 2015.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
    (Note 1) This property was acquired on August 28, 2015.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 68.6 73.3 90.2 88.3 90.0 92.3 83.8
year-on-year (points) -4.4 -5.1 2.9 9.0 6.6 0.0 1.5
ADR actual (JPY) 11,771 13,965 14,701 15,635 14,116 11,833 13,725
year-on-year (%) 10.4 9.8 3.8 -1.4 3.6 7.9 5.6
RevPAR actual (JPY) 8,072 10,238 13,260 13,811 12,708 10,920 11,506
year-on-year (%) 3.8 2.7 7.2 9.7 11.8 7.9 7.5
Gross Revenue actual (JPY mn) 14 17 23 23 22 18 120
year-on-year (%) 2.7 5.5 7.5 8.8 11.0 7.3 7.5
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 94.7 92.7 93.8 94.1 94.1 94.3 94.0
year-on-year (points) 9.1 5.3 12.6 4.2 8.1 16.8 9.3
ADR actual (JPY) 13,157 12,702 13,049 16,518 17,754 17,494 15,115
year-on-year (%) 4.7 -3.7 10.0 23.6 19.7 14.8 12.0
RevPAR actual (JPY) 12,465 11,777 12,235 15,541 16,713 16,501 14,202
year-on-year (%) 15.8 2.2 27.0 29.5 30.9 39.7 24.4
Gross Revenue actual (JPY mn) 22 21 21 27 28 28 149
year-on-year (%) 13.9 2.0 24.8 28.3 29.9 38.0 23.0
    (Note 1) This property was acquired on January 22, 2016.
    (Note 1) This property was acquired on January 22, 2016.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
    (Note 1) This property was acquired on January 22, 2016.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
    (Note 1) This property was acquired on January 22, 2016.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
    (Note 1) This property was acquired on January 22, 2016.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 89.4 93.5 94.1 91.5 90.1 92.2 91.8
year-on-year (points) 10.8 6.0 -0.1 -0.8 -1.3 1.4 2.6
ADR actual (JPY) 11,547 13,607 16,684 17,111 14,548 13,641 14,541
year-on-year (%) 8.5 17.3 20.5 22.0 16.5 17.9 17.0
RevPAR actual (JPY) 10,324 12,723 15,704 15,661 13,105 12,572 13,347
year-on-year (%) 23.3 25.2 20.4 21.0 14.9 19.8 20.5
Gross Revenue actual (JPY mn) 138 157 205 196 172 161 1,031
year-on-year (%) 22.5 27.5 18.3 19.7 15.0 18.3 19.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 91.9 91.6 91.9 93.0 93.5 92.5 92.4
year-on-year (points) -1.2 0.0 -1.3 -1.0 -0.4 -0.8 -0.8
ADR actual (JPY) 13,873 13,048 13,735 16,299 17,784 16,108 15,146
year-on-year (%) 16.1 11.4 14.0 19.4 20.3 12.0 15.7
RevPAR actual (JPY) 12,752 11,957 12,622 15,156 16,631 14,902 13,997
year-on-year (%) 14.6 11.4 12.4 18.1 19.8 11.1 14.7
Gross Revenue actual (JPY mn) 170 157 160 196 207 193 1,086
year-on-year (%) 16.3 10.9 12.5 16.0 16.9 9.6 13.7
    (Note 1) INV acquired the entire portion of the Main Building and a portion of the Annex Building on March 31, 2016, and additionally acquired additional floors of the Annex Building after conversion from office space on October 31, 2017
    (Note 2) The number of rooms in this property has increased due to conversion from a locker room in Main Building (1 room) as well asconversion from an office space in Annex Building (49 rooms) on October 16, 2017
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 64.2 76.7 98.3 85.4 84.3 81.7 81.8
year-on-year (points) 1.4 2.9 1.4 -1.1 3.6 1.0 1.5
ADR actual (JPY) 27,390 21,737 25,727 26,528 28,002 23,365 25,502
year-on-year (%) 2.6 8.5 3.0 8.5 -8.0 8.2 2.9
RevPAR actual (JPY) 17,597 16,676 25,280 22,660 23,608 19,099 20,865
year-on-year (%) 4.9 12.8 4.5 7.1 -4.0 9.5 4.8
Gross Revenue actual (JPY mn) 426 389 586 519 557 501 2,982
year-on-year (%) 6.7 7.7 3.9 2.8 1.0 7.7 4.7
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 93.1 99.6 98.2 96.3 97.7 79.4 94.0
year-on-year (points) -3.5 -0.4 -0.1 0.2 3.2 -0.5 -0.2
ADR actual (JPY) 34,268 59,549 28,216 26,970 26,435 28,863 34,395
year-on-year (%) 5.7 12.0 7.8 1.6 3.0 2.4 6.4
RevPAR actual (JPY) 31,893 59,338 27,712 25,982 25,829 22,910 32,337
year-on-year (%) 1.9 11.7 7.7 1.9 6.4 1.7 6.1
Gross Revenue actual (JPY mn) 663 1,005 626 642 650 531 4,119
year-on-year (%) 2.3 11.7 7.0 4.1 10.3 4.9 7.1
    (Note 1) This property was acquired on March 31, 2016.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 83.2 89.7 91.9 84.3 89.0 91.3 88.2
year-on-year (points) 8.9 0.4 0.0 -0.7 6.2 8.7 4.0
ADR actual (JPY) 10,224 13,356 12,646 11,310 11,852 11,639 11,853
year-on-year (%) 12.6 19.1 15.9 21.6 8.6 13.9 15.0
RevPAR actual (JPY) 8,510 11,981 11,618 9,533 10,554 10,624 10,457
year-on-year (%) 26.0 19.6 15.9 20.6 16.7 25.9 20.5
Gross Revenue actual (JPY mn) 60 78 81 65 73 72 431
year-on-year (%) 25.5 23.6 15.1 20.2 15.5 24.4 20.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 90.0 89.0 94.3 90.9 92.9 94.1 91.8
year-on-year (points) 2.6 1.4 7.4 2.0 5.7 8.6 4.6
ADR actual (JPY) 13,483 12,925 13,430 15,777 19,944 18,337 15,668
year-on-year (%) 21.2 12.7 35.8 38.6 32.8 26.5 28.2
RevPAR actual (JPY) 12,128 11,505 12,658 14,344 18,519 17,249 14,388
year-on-year (%) 24.8 14.5 47.3 41.7 41.4 39.2 35.0
Gross Revenue actual (JPY mn) 85 80 85 100 124 119 595
year-on-year (%) 25.2 14.5 45.8 41.0 40.5 38.2 34.3
    (Note 1) This property was acquired on March 31, 2016.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 92.5 95.8 96.3 96.6 97.2 95.9 95.7
year-on-year (points) -0.4 0.8 -0.8 -0.2 0.5 -0.5 -0.1
ADR actual (JPY) 11,927 14,145 17,771 17,357 14,795 14,790 15,155
year-on-year (%) 24.9 25.4 28.2 17.1 15.1 19.4 21.3
RevPAR actual (JPY) 11,030 13,551 17,121 16,762 14,377 14,184 14,504
year-on-year (%) 24.3 26.4 27.2 16.9 15.6 18.7 21.2
Gross Revenue actual (JPY mn) 36 41 56 53 47 44 280
year-on-year (%) 23.8 30.9 27.9 17.2 15.2 18.1 21.8
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 92.4 92.4 91.5 95.8 96.6 97.7 94.4
year-on-year (points) -1.5 -2.2 -1.7 -0.7 -0.1 4.0 -0.4
ADR actual (JPY) 15,037 14,314 14,891 17,780 18,225 17,134 16,261
year-on-year (%) 16.5 23.3 20.3 25.1 19.4 4.7 17.9
RevPAR actual (JPY) 13,891 13,227 13,620 17,026 17,606 16,739 15,349
year-on-year (%) 14.7 20.4 18.1 24.2 19.4 9.1 17.4
Gross Revenue actual (JPY mn) 45 43 43 55 55 55 299
year-on-year (%) 15.0 20.6 17.1 23.5 19.1 10.0 17.4
    (Note 1) This property was acquired on March 31, 2016.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 83.1 74.0 81.8 79.6 78.5 75.8 78.8
year-on-year (points) 26.6 1.1 3.0 4.9 7.5 8.0 8.7
ADR actual (JPY) 9,687 12,597 14,976 15,432 13,796 10,044 12,766
year-on-year (%) 31.6 50.5 29.1 46.4 -10.4 15.4 21.5
RevPAR actual (JPY) 8,048 9,318 12,248 12,278 10,823 7,610 10,063
year-on-year (%) 93.6 52.9 34.1 56.1 -0.9 29.1 36.6
Gross Revenue actual (JPY mn) 79 84 113 114 103 75 571
year-on-year (%) 73.9 48.5 29.7 50.7 1.9 25.7 33.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 80.9 84.5 75.7 81.6 78.1 60.2 76.8
year-on-year (points) 6.8 6.8 0.4 0.9 -0.8 -10.2 0.6
ADR actual (JPY) 11,206 14,256 11,482 15,198 16,580 10,931 13,385
year-on-year (%) 18.4 7.8 5.3 20.5 5.1 2.6 10.1
RevPAR actual (JPY) 9,061 12,051 8,693 12,409 12,956 6,577 10,285
year-on-year (%) 29.3 17.2 5.8 21.9 4.0 -12.3 11.0
Gross Revenue actual (JPY mn) 89 115 82 115 115 66 585
year-on-year (%) 24.5 14.9 6.3 17.6 2.5 -12.6 8.9
    (Note 1) This property was acquired on June 15, 2016.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 71.6 83.6 84.4 84.9 85.3 86.4 82.7
year-on-year (points) 9.8 0.2 -8.1 -4.9 -2.3 -1.0 -1.4
ADR actual (JPY) 7,117 7,833 8,791 9,086 9,070 7,994 8,351
year-on-year (%) -1.7 -2.4 1.7 20.1 9.1 10.3 5.9
RevPAR actual (JPY) 5,097 6,552 7,416 7,713 7,737 6,906 6,903
year-on-year (%) 13.8 -2.1 -7.3 13.6 6.2 9.1 4.1
Gross Revenue actual (JPY mn) 43 50 59 60 62 56 331
year-on-year (%) 38.3 13.4 1.3 17.1 7.9 9.2 12.5
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 89.8 85.6 90.5 93.1 92.7 83.1 89.1
year-on-year (points) 2.2 -4.5 4.0 4.8 2.4 7.4 2.7
ADR actual (JPY) 8,386 10,328 8,867 9,291 9,696 8,575 9,191
year-on-year (%) 8.8 6.3 6.4 7.4 10.2 12.6 8.2
RevPAR actual (JPY) 7,531 8,845 8,024 8,654 8,992 7,123 8,191
year-on-year (%) 11.5 1.1 11.3 13.2 13.1 23.6 11.6
Gross Revenue actual (JPY mn) 59 68 61 69 69 57 386
year-on-year (%) 7.6 2.0 12.6 12.2 10.4 19.4 10.2
    (Note 1) This property was acquired on June 15, 2016.
    (Note 2) Their leases had only fixed rent until April 2023. The figures for each month from January to April, the January-June 2023 total are not disclosed as the consent from the operator concerned has not been obtained.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 93.8 94.8 94.2 95.1 93.4 93.9 94.2
year-on-year (points) 6.5 2.1 -1.2 1.3 -0.1 1.0 1.6
ADR actual (JPY) 21,557 24,257 32,131 29,422 26,152 26,248 26,647
year-on-year (%) 37.5 50.7 51.8 12.6 21.5 29.9 31.7
RevPAR actual (JPY) 20,213 23,002 30,265 27,984 24,437 24,651 25,102
year-on-year (%) 47.7 54.0 50.0 14.2 21.3 31.3 34.0
Gross Revenue actual (JPY mn) 83 87 119 109 98 95 593
year-on-year (%) 44.6 54.6 46.0 13.7 20.6 28.4 32.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 95.0 92.7 88.6 94.4 96.4 96.0 93.9
year-on-year (points) 4.2 -2.0 -2.4 0.3 3.7 3.1 1.1
ADR actual (JPY) 27,875 25,858 23,892 29,131 30,132 31,162 28,084
year-on-year (%) 22.9 22.0 20.4 22.3 23.3 4.8 18.8
RevPAR actual (JPY) 26,473 23,968 21,165 27,510 29,035 29,931 26,360
year-on-year (%) 28.5 19.5 17.2 22.6 28.1 8.3 20.2
Gross Revenue actual (JPY mn) 105 97 83 108 110 118 623
year-on-year (%) 26.3 18.6 16.2 20.7 25.2 7.9 18.7
    (Note 1) This property was acquired on May 29, 2017.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 63.9 80.7 88.8 87.2 81.9 82.1 80.7
year-on-year (points) 6.3 9.7 5.7 12.9 9.8 13.4 9.6
ADR actual (JPY) 6,865 7,832 8,740 9,322 8,363 6,606 8,023
year-on-year (%) -0.3 0.6 2.4 6.1 -1.2 -5.0 0.7
RevPAR actual (JPY) 4,385 6,320 7,761 8,130 6,846 5,425 6,476
year-on-year (%) 10.6 14.4 9.5 24.5 12.3 13.5 14.3
Gross Revenue actual (JPY mn) 94 112 129 141 132 111 722
year-on-year (%) 21.6 16.9 4.7 24.9 18.8 17.8 17.0
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 83.9 83.5 85.0 93.5 91.7 88.1 87.6
year-on-year (points) 12.9 5.9 11.0 16.8 12.9 17.4 12.8
ADR actual (JPY) 7,660 8,010 8,462 9,217 10,315 9,451 8,880
year-on-year (%) 7.3 12.0 15.1 16.5 14.7 17.3 14.2
RevPAR actual (JPY) 6,424 6,688 7,194 8,621 9,460 8,326 7,779
year-on-year (%) 26.7 20.5 32.2 42.1 33.4 46.2 33.8
Gross Revenue actual (JPY mn) 127 116 127 162 166 148 849
year-on-year (%) 25.3 9.6 17.2 34.6 24.9 39.0 25.3
    (Note 1) This property was acquired on October 13, 2017.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 83.7 85.6 89.7 90.4 87.7 87.0 87.3
year-on-year (points) 13.5 1.4 -1.6 4.4 -1.0 1.9 3.1
ADR actual (JPY) 13,630 15,581 20,211 19,815 18,394 16,918 17,495
year-on-year (%) 32.7 38.7 35.3 12.3 32.2 28.0 27.9
RevPAR actual (JPY) 11,403 13,340 18,131 17,907 16,126 14,715 15,280
year-on-year (%) 58.1 41.0 33.0 18.0 30.7 30.9 32.6
Gross Revenue actual (JPY mn) 93 100 141 137 128 115 717
year-on-year (%) 49.1 39.9 30.3 17.0 27.7 27.6 29.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 91.2 88.1 85.6 89.0 91.5 87.8 88.9
year-on-year (points) 2.0 -2.0 4.1 1.0 5.3 4.4 2.4
ADR actual (JPY) 17,423 17,366 15,298 19,247 20,307 20,605 18,401
year-on-year (%) 18.8 13.4 14.2 22.5 20.8 7.9 16.2
RevPAR actual (JPY) 15,887 15,299 13,096 17,135 18,589 18,084 16,354
year-on-year (%) 21.4 10.9 19.9 23.9 28.3 13.6 19.5
Gross Revenue actual (JPY mn) 126 122 103 134 140 143 771
year-on-year (%) 19.8 10.2 17.8 21.0 25.4 13.1 17.8
    (Note 1) This property was acquired on October 13, 2017.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 84.1 86.7 88.8 85.3 83.2 83.2 85.2
year-on-year (points) 14.5 3.7 -0.9 5.7 1.2 -1.0 3.9
ADR actual (JPY) 13,838 16,004 16,681 13,111 14,708 10,134 14,122
year-on-year (%) 7.1 32.0 11.2 3.4 -2.2 1.2 8.5
RevPAR actual (JPY) 11,636 13,872 14,806 11,185 12,231 8,427 12,030
year-on-year (%) 29.4 38.0 10.1 10.9 -0.8 0.0 13.7
Gross Revenue actual (JPY mn) 198 204 240 175 191 143 1,153
year-on-year (%) 38.7 41.5 13.9 12.3 -0.7 0.2 16.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 82.1 77.9 74.7 79.1 88.1 84.3 81.0
year-on-year (points) -2.2 -6.9 -2.1 -2.9 2.8 5.8 -0.9
ADR actual (JPY) 12,959 19,459 13,530 14,356 15,828 15,011 15,196
year-on-year (%) 4.9 22.6 16.9 15.1 11.0 -0.7 11.4
RevPAR actual (JPY) 10,641 15,157 10,111 11,355 13,943 12,653 12,313
year-on-year (%) 2.2 12.7 13.7 11.1 14.6 6.7 10.2
Gross Revenue actual (JPY mn) 169 234 159 189 222 208 1,183
year-on-year (%) -0.9 15.0 12.6 6.8 12.6 6.6 8.9
    (Note 1) This property was acquired on October 13, 2017.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 85.2 89.5 73.0 63.8 63.0 88.9 77.1
year-on-year (points) 22.6 0.9 -8.0 -7.3 -15.2 1.9 -0.8
ADR actual (JPY) 8,884 16,662 8,536 7,796 9,938 13,059 11,057
year-on-year (%) 14.3 32.2 3.7 -0.2 -2.6 16.0 13.1
RevPAR actual (JPY) 7,573 14,905 6,235 4,971 6,266 11,604 8,526
year-on-year (%) 55.5 33.5 -6.5 -10.5 -21.6 18.6 12.0
Gross Revenue actual (JPY mn) 59 107 49 38 49 86 391
year-on-year (%) 53.5 37.4 -6.7 -11.7 -21.1 17.0 11.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 94.4 92.5 95.0 78.4 82.5 93.7 89.4
year-on-year (points) 1.7 0.5 7.4 4.2 15.9 11.6 6.8
ADR actual (JPY) 15,938 16,766 13,012 10,544 10,516 12,459 13,349
year-on-year (%) 0.3 -1.7 0.1 4.2 21.5 18.4 3.6
RevPAR actual (JPY) 15,052 15,510 12,356 8,266 8,679 11,668 11,937
year-on-year (%) 2.2 -1.2 8.6 10.2 50.4 35.2 12.2
Gross Revenue actual (JPY mn) 116 120 93 65 65 91 554
year-on-year (%) 2.1 -1.3 8.1 9.2 47.3 34.3 11.7
    (Note 1) This property was acquired on October 13, 2017.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 82.0 88.2 93.5 90.6 91.3 93.0 89.8
year-on-year (points) 2.6 0.0 1.1 4.8 0.5 1.7 1.8
ADR actual (JPY) 7,882 9,971 12,523 12,423 11,889 9,724 10,797
year-on-year (%) -6.4 2.0 9.2 4.4 5.5 -4.4 2.4
RevPAR actual (JPY) 6,463 8,796 11,715 11,256 10,853 9,040 9,692
year-on-year (%) -3.4 2.0 10.5 10.2 6.0 -2.7 4.4
Gross Revenue actual (JPY mn) 34 43 61 57 56 46 299
year-on-year (%) -3.7 5.7 10.8 10.5 6.2 -2.2 5.2
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 94.3 95.7 93.3 95.6 95.2 93.8 94.7
year-on-year (points) 4.6 5.5 7.6 4.5 3.3 4.2 4.9
ADR actual (JPY) 10,051 11,685 10,566 11,331 12,776 12,123 11,423
year-on-year (%) -1.0 5.1 -4.4 10.9 22.8 2.9 5.9
RevPAR actual (JPY) 9,483 11,182 9,857 10,831 12,164 11,377 10,814
year-on-year (%) 4.1 11.4 4.1 16.4 27.2 7.8 11.8
Gross Revenue actual (JPY mn) 49 58 50 56 61 59 337
year-on-year (%) 4.0 11.0 4.2 16.3 27.7 8.5 11.9
    (Note 1) This property was acquired on February 7, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 48.5 63.3 64.2 79.5 71.3 71.6 66.3
year-on-year (points) 3.4 0.5 -16.7 3.4 -2.0 0.0 -2.0
ADR actual (JPY) 7,051 7,360 8,047 11,316 8,562 7,440 8,450
year-on-year (%) -1.1 6.6 8.8 26.3 4.7 4.9 10.1
RevPAR actual (JPY) 3,421 4,658 5,163 8,992 6,108 5,328 5,605
year-on-year (%) 6.3 7.5 -13.7 32.0 1.8 4.9 6.9
Gross Revenue actual (JPY mn) 33 43 54 83 55 60 331
year-on-year (%) 1.9 21.0 -4.9 28.8 -11.2 20.2 8.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 73.5 83.2 75.7 86.0 78.7 61.0 76.3
year-on-year (points) -0.5 5.1 4.8 9.4 7.0 -3.4 3.7
ADR actual (JPY) 8,007 11,315 8,283 9,063 8,639 7,741 8,930
year-on-year (%) 7.0 19.2 12.9 17.4 15.9 13.9 15.1
RevPAR actual (JPY) 5,886 9,411 6,268 7,796 6,801 4,724 6,817
year-on-year (%) 6.3 27.0 20.5 31.8 27.2 7.9 21.0
Gross Revenue actual (JPY mn) 61 88 56 79 74 61 421
year-on-year (%) 4.2 23.2 -1.5 23.1 30.3 8.2 15.0
    (Note 1) This property was acquired on February 7, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 64.6 76.7 77.7 83.5 66.1 74.6 73.8
year-on-year (points) 5.9 11.6 -0.8 0.0 -9.2 -13.5 -1.1
ADR actual (JPY) 8,535 10,934 9,382 28,233 16,882 12,491 14,692
year-on-year (%) -7.3 -4.1 -6.4 40.7 13.3 4.2 11.5
RevPAR actual (JPY) 5,510 8,382 7,291 23,562 11,164 9,315 10,837
year-on-year (%) 2.1 13.1 -7.4 40.7 -0.6 -11.7 9.8
Gross Revenue actual (JPY mn) 69 81 94 166 112 97 622
year-on-year (%) 25.2 42.9 26.3 34.5 -4.2 9.8 20.2
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 73.0 84.3 85.2 90.6 76.7 67.6 79.6
year-on-year (points) -10.8 -0.7 0.5 6.2 -0.4 1.0 -0.7
ADR actual (JPY) 12,676 25,575 13,240 16,968 13,252 9,963 15,602
year-on-year (%) -2.6 19.6 6.4 15.5 10.6 2.5 10.8
RevPAR actual (JPY) 9,249 21,548 11,284 15,375 10,166 6,737 12,411
year-on-year (%) -15.2 18.5 7.1 24.0 10.0 4.0 9.8
Gross Revenue actual (JPY mn) 95 155 99 123 103 100 678
year-on-year (%) -4.9 23.0 2.7 14.0 0.9 7.0 7.9
    (Note 1) This property was acquired on February 7, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 88.7 92.5 95.2 87.1 87.9 90.3 90.3
year-on-year (points) - - - 4.1 4.1 11.2 -
ADR actual (JPY) 6,849 8,618 7,701 7,000 7,896 7,341 7,570
year-on-year (%) - - - -4.0 -11.7 -0.5 -
RevPAR actual (JPY) 6,072 7,969 7,333 6,096 6,937 6,629 6,832
year-on-year (%) - - - 0.7 -7.4 13.7 -
Gross Revenue actual (JPY mn) 29 36 35 29 34 31 196
year-on-year (%) - - - 3.7 -4.4 15.1 -
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 88.6 91.7 90.6 89.8 91.5 89.9 90.3
year-on-year (points) 10.5 -0.9 3.9 8.3 9.1 8.0 6.5
ADR actual (JPY) 7,530 9,562 8,024 8,199 9,503 7,535 8,397
year-on-year (%) -4.1 28.5 18.7 8.0 2.8 -3.4 8.2
RevPAR actual (JPY) 6,669 8,764 7,270 7,365 8,697 6,774 7,586
year-on-year (%) 8.8 27.2 24.1 18.9 14.2 6.1 16.5
Gross Revenue actual (JPY mn) 32 42 34 35 40 33 220
year-on-year (%) 10.8 28.2 26.7 20.1 16.5 9.1 18.5
    (Note 1) This property was acquired on February 7, 2018.
    (Note 2) This property accepted COVID-19 patients with mild or no symptoms from January 16, 2022 to March 31, 2023. The year-on-year comparisons for each month from January to March 2023, the January-June 2023 total are not disclosed as the consent from the parties concerned has not been obtained.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 91.4 94.3 94.5 91.3 88.6 92.3 92.1
year-on-year (points) 8.3 5.2 2.8 -0.3 -1.3 -1.4 2.2
ADR actual (JPY) 10,307 12,560 16,076 16,615 13,804 12,060 13,578
year-on-year (%) 13.2 21.5 33.3 23.4 17.0 12.6 20.3
RevPAR actual (JPY) 9,419 11,847 15,194 15,170 12,233 11,132 12,499
year-on-year (%) 24.5 28.7 37.4 23.0 15.4 11.0 23.3
Gross Revenue actual (JPY mn) 32 37 52 50 41 36 252
year-on-year (%) 25.2 32.4 37.3 22.7 14.9 10.6 23.7
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 90.8 89.6 92.3 95.1 94.2 89.6 91.9
year-on-year (points) -2.7 -0.6 -0.5 1.0 1.5 -3.7 -0.8
ADR actual (JPY) 12,394 11,100 12,505 15,498 17,492 15,375 14,082
year-on-year (%) 20.5 5.9 13.6 25.8 25.3 9.5 17.2
RevPAR actual (JPY) 11,253 9,944 11,546 14,734 16,479 13,774 12,944
year-on-year (%) 17.1 5.2 13.0 27.1 27.3 5.1 16.1
Gross Revenue actual (JPY mn) 38 34 38 50 54 47 264
year-on-year (%) 16.8 6.7 13.7 27.9 27.0 5.3 16.5
    (Note 1) This property was acquired on June 27, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 87.3 90.5 92.0 87.5 87.5 91.0 89.3
year-on-year (points) 0.0 0.6 3.3 -1.3 -2.2 -2.1 -0.3
ADR actual (JPY) 9,181 11,836 13,964 13,404 11,988 11,055 11,914
year-on-year (%) 7.2 7.9 19.2 18.1 14.8 18.5 14.8
RevPAR actual (JPY) 8,018 10,709 12,847 11,724 10,486 10,059 10,637
year-on-year (%) 7.3 8.6 23.6 16.4 12.0 15.9 14.4
Gross Revenue actual (JPY mn) 32 39 51 44 41 38 246
year-on-year (%) 7.2 12.4 25.5 15.4 13.1 15.1 15.2
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 90.4 92.9 89.2 91.4 94.1 87.3 90.9
year-on-year (points) 0.5 0.1 -0.9 -0.3 1.0 -4.5 -0.7
ADR actual (JPY) 11,435 12,398 12,644 13,151 14,337 14,070 13,002
year-on-year (%) 13.7 11.4 18.8 25.8 24.5 24.8 19.8
RevPAR actual (JPY) 10,338 11,522 11,282 12,015 13,488 12,288 11,816
year-on-year (%) 14.4 11.4 17.6 25.3 25.9 18.7 18.9
Gross Revenue actual (JPY mn) 40 45 43 47 50 48 276
year-on-year (%) 14.4 10.7 17.6 25.6 23.5 18.5 18.4
    (Note 1) This property was acquired on June 27, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 84.0 90.3 90.0 90.6 91.0 90.9 89.5
year-on-year (points) 11.8 6.5 -0.1 -0.2 1.5 1.8 3.5
ADR actual (JPY) 13,077 16,161 23,169 22,648 19,225 17,264 18,667
year-on-year (%) 25.8 39.8 53.1 31.8 29.4 31.7 34.6
RevPAR actual (JPY) 10,988 14,596 20,852 20,529 17,488 15,700 16,699
year-on-year (%) 46.4 50.6 52.9 31.5 31.7 34.4 40.1
Gross Revenue actual (JPY mn) 122 149 225 216 192 167 1,073
year-on-year (%) 46.3 54.2 51.8 31.3 32.0 33.9 40.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 90.4 90.4 90.2 91.5 91.4 89.7 90.6
year-on-year (points) 2.3 -0.5 -2.2 0.1 0.5 0.9 0.2
ADR actual (JPY) 17,371 15,891 18,068 24,275 26,732 24,776 21,185
year-on-year (%) 33.4 24.5 30.0 40.3 42.6 28.9 33.9
RevPAR actual (JPY) 15,708 14,360 16,294 22,218 24,434 22,220 19,193
year-on-year (%) 36.9 23.9 26.9 40.4 43.4 30.2 34.2
Gross Revenue actual (JPY mn) 173 159 173 239 254 241 1,242
year-on-year (%) 36.3 23.0 25.9 38.3 39.7 29.7 32.6
    (Note 1) This property was acquired on August 2, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 72.2 86.3 69.1 50.5 47.1 72.6 66.1
year-on-year (points) 14.1 2.2 -6.6 -9.4 -14.3 -4.2 -3.0
ADR actual (JPY) 9,644 16,359 9,790 9,204 12,444 15,122 12,342
year-on-year (%) 7.4 15.1 10.1 12.9 -0.3 12.0 10.3
RevPAR actual (JPY) 6,967 14,118 6,763 4,645 5,856 10,974 8,160
year-on-year (%) 33.4 18.2 0.5 -4.8 -23.5 5.8 5.5
Gross Revenue actual (JPY mn) 139 218 132 96 113 187 887
year-on-year (%) 29.8 19.3 -2.3 -3.3 -20.2 5.3 4.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 78.8 82.4 86.0 82.7 75.3 86.5 82.0
year-on-year (points) -4.4 1.8 7.4 17.8 12.5 18.6 8.9
ADR actual (JPY) 18,997 19,670 14,432 11,231 10,508 13,866 14,826
year-on-year (%) -4.9 -9.8 -3.0 1.1 16.3 24.0 -2.4
RevPAR actual (JPY) 14,973 16,216 12,413 9,286 7,915 11,996 12,155
year-on-year (%) -9.9 -7.8 6.1 28.9 39.4 58.0 9.6
Gross Revenue actual (JPY mn) 258 278 207 176 149 221 1,290
year-on-year (%) -5.8 -3.9 5.4 26.8 31.3 50.6 11.3
    (Note 1) This property was acquired on August 2, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 87.0 90.5 92.6 91.1 90.1 90.9 90.4
year-on-year (points) 0.1 1.2 0.7 -3.2 -0.4 3.2 0.3
ADR actual (JPY) 9,154 11,060 14,417 14,850 11,653 11,583 12,151
year-on-year (%) 33.1 46.4 33.3 56.7 18.2 21.0 34.0
RevPAR actual (JPY) 7,967 10,005 13,350 13,530 10,495 10,530 10,979
year-on-year (%) 33.3 48.5 34.3 51.5 17.7 25.4 34.4
Gross Revenue actual (JPY mn) 39 45 64 63 51 49 312
year-on-year (%) 37.0 55.5 37.2 53.1 21.1 26.1 37.5
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 91.3 91.2 93.1 93.1 92.9 91.3 92.1
year-on-year (points) 3.1 0.9 3.2 0.8 0.6 2.0 1.8
ADR actual (JPY) 12,288 11,807 11,569 14,167 14,684 14,701 13,206
year-on-year (%) 29.1 26.9 26.7 43.4 31.9 24.0 30.2
RevPAR actual (JPY) 11,215 10,766 10,770 13,192 13,646 13,427 12,169
year-on-year (%) 33.6 28.2 31.3 44.6 32.7 26.8 32.8
Gross Revenue actual (JPY mn) 53 51 49 62 63 64 345
year-on-year (%) 34.3 28.4 30.7 42.7 32.7 21.7 31.4
    (Note 1) This property was acquired on August 2, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 54.8 71.4 83.8 86.3 86.5 91.3 79.0
year-on-year (points) -11.2 -1.1 0.7 11.6 20.3 16.4 6.1
ADR actual (JPY) 10,296 11,359 12,986 13,055 11,980 10,400 11,766
year-on-year (%) 15.8 4.6 4.4 6.7 -5.8 5.4 4.9
RevPAR actual (JPY) 5,646 8,106 10,884 11,262 10,359 9,494 9,293
year-on-year (%) -3.8 3.0 5.2 23.2 23.0 28.5 13.7
Gross Revenue actual (JPY mn) 19 26 37 37 35 31 188
year-on-year (%) -4.4 5.9 5.0 22.2 21.9 26.9 13.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 88.4 80.6 88.1 86.8 89.0 91.5 87.4
year-on-year (points) 16.8 11.7 14.2 7.2 13.3 21.7 14.2
ADR actual (JPY) 12,056 12,134 11,590 14,012 15,018 14,133 13,177
year-on-year (%) 16.3 5.0 14.5 26.4 20.9 13.5 16.3
RevPAR actual (JPY) 10,655 9,775 10,216 12,167 13,373 12,934 11,517
year-on-year (%) 43.7 22.9 36.5 37.8 42.2 48.7 38.8
Gross Revenue actual (JPY mn) 36 33 34 41 44 44 235
year-on-year (%) 41.4 22.5 38.1 34.2 40.6 48.0 37.6
    (Note 1) This property was acquired on August 2, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 81.4 88.9 76.3 61.5 67.3 84.2 76.5
year-on-year (points) 17.2 1.1 -7.4 -9.7 -15.1 -3.8 -2.9
ADR actual (JPY) 11,459 20,874 10,746 9,620 12,005 16,518 13,838
year-on-year (%) 19.3 35.1 8.1 1.7 -1.5 19.4 16.5
RevPAR actual (JPY) 9,325 18,561 8,200 5,915 8,079 13,907 10,586
year-on-year (%) 51.3 36.8 -1.5 -12.1 -19.5 14.3 12.2
Gross Revenue actual (JPY mn) 110 187 101 74 97 155 726
year-on-year (%) 47.4 38.9 2.3 -5.8 -14.6 14.5 13.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 93.5 90.9 87.7 85.8 80.9 91.7 88.5
year-on-year (points) 1.2 -2.3 3.0 10.6 15.4 13.1 6.8
ADR actual (JPY) 19,935 21,343 15,956 12,969 13,329 16,197 16,759
year-on-year (%) -1.4 -2.8 -2.6 3.3 21.3 13.5 1.3
RevPAR actual (JPY) 18,649 19,395 13,991 11,130 10,788 14,845 14,826
year-on-year (%) -0.1 -5.3 0.9 17.9 49.7 32.5 9.8
Gross Revenue actual (JPY mn) 204 210 154 132 121 168 991
year-on-year (%) -0.5 -4.8 1.6 12.2 39.7 30.0 8.6
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 61.5 74.3 79.9 79.3 63.3 65.9 70.6
year-on-year (points) -4.5 -10.5 -11.8 -7.4 -12.5 -12.2 -9.8
ADR actual (JPY) 14,175 14,210 15,447 16,083 15,763 15,958 15,296
year-on-year (%) 6.8 2.2 -0.6 5.9 -13.0 -16.9 -3.8
RevPAR actual (JPY) 8,714 10,554 12,345 12,753 9,975 10,511 10,802
year-on-year (%) -0.5 -10.4 -13.4 -3.2 -27.4 -29.9 -15.5
Gross Revenue actual (JPY mn) 117 139 145 142 126 125 797
year-on-year (%) -1.3 2.3 -15.9 -6.0 -25.7 -24.8 -13.1
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 73.4 86.0 80.4 81.3 71.0 57.8 75.0
year-on-year (points) -9.9 8.0 4.8 1.3 -6.9 2.7 0.0
ADR actual (JPY) 24,088 28,062 16,416 16,477 14,169 14,799 19,386
year-on-year (%) -10.0 -9.4 -10.6 -1.4 -2.3 -0.8 -6.7
RevPAR actual (JPY) 17,672 24,142 13,191 13,400 10,063 8,558 14,536
year-on-year (%) -20.7 -0.1 -4.8 0.2 -10.9 4.0 -6.6
Gross Revenue actual (JPY mn) 200 265 147 164 136 128 1,043
year-on-year (%) -15.2 4.7 -5.1 -7.4 -8.9 9.3 -4.4
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 80.1 88.4 91.1 93.8 93.3 89.2 89.3
year-on-year (points) 6.1 10.5 7.4 8.5 9.7 12.1 9.0
ADR actual (JPY) 23,105 22,996 28,660 34,401 28,978 22,101 26,888
year-on-year (%) 27.0 43.7 25.3 23.2 15.2 18.6 23.8
RevPAR actual (JPY) 18,502 20,328 26,101 32,259 27,038 19,715 24,009
year-on-year (%) 37.5 63.0 36.4 35.5 28.5 37.1 37.6
Gross Revenue actual (JPY mn) 110 114 151 178 160 115 830
year-on-year (%) 31.9 59.0 32.2 32.8 28.7 32.6 34.7
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 92.3 87.6 84.3 89.9 93.7 92.9 90.1
year-on-year (points) 4.4 0.1 -5.5 0.8 2.2 5.7 1.3
ADR actual (JPY) 26,359 32,035 26,324 31,136 36,870 30,273 30,547
year-on-year (%) 7.7 8.1 -0.8 14.7 12.1 13.0 9.4
RevPAR actual (JPY) 24,337 28,077 22,196 27,996 34,543 28,117 27,535
year-on-year (%) 13.1 8.2 -6.9