Hotel Performance
Data Download
Domestic Hotels Total
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
# of Properties (Note2)
actual
-
92 (101)
92 (101)
92 (101)
92 (101)
-
-
92 (101)
Occupancy Rate
actual
(%)
80.0
84.9
85.2
84.8
-
-
83.7
ADR
actual
(JPY)
11,982
13,357
13,710
15,094
-
-
13,551
RevPAR
actual
(JPY)
9,581
11,335
11,675
12,803
-
-
11,337
Gross Revenue
actual
(JPY mn)
7,007
7,155
8,315
8,526
-
-
31,005
Overseas Hotels Total
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
# of Properties (Note2)
actual
-
2
2
2
2
-
-
2
Occupancy Rate
actual
(%)
71.3
75.8
66.1
57.4
-
-
67.5
ADR
actual
(USD)
709
734
817
760
-
-
753
RevPAR
actual
(USD)
505
556
540
436
-
-
509
Gross Revenue
actual
(USD'000)
12,642
11,868
13,324
10,618
-
-
48,454
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.
# 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.
Sheraton Grande Tokyo Bay Hotel, the underlying asset of the preferred equity interest acquired on October 13, 2017 is excluded from the performance calculation.
“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.
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.
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
Open all
Close all
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
90.2
92.7
91.6
93.4
-
-
92.0
year-on-year
(points)
11.6
6.7
2.6
3.1
-
-
6.0
ADR
actual
(JPY)
11,760
13,007
14,284
17,246
-
-
14,096
year-on-year
(%)
29.4
17.4
3.4
29.7
-
-
18.3
RevPAR
actual
(JPY)
10,613
12,063
13,088
16,105
-
-
12,964
year-on-year
(%)
48.6
26.6
6.5
34.2
-
-
26.6
Gross Revenue
actual
(JPY mn)
41
42
51
61
-
-
197
year-on-year
(%)
47.1
22.1
7.1
33.9
-
-
25.4
(Note 1) This property was acquired on May 23, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
85.4
88.6
88.4
93.5
-
-
89.0
year-on-year
(points)
7.9
2.3
-4.3
0.5
-
-
1.6
ADR
actual
(JPY)
8,916
10,259
12,825
13,982
-
-
11,564
year-on-year
(%)
30.5
33.5
45.1
64.8
-
-
44.2
RevPAR
actual
(JPY)
7,614
9,089
11,341
13,079
-
-
10,287
year-on-year
(%)
43.9
37.1
38.3
65.7
-
-
46.9
Gross Revenue
actual
(JPY mn)
38
41
57
63
-
-
202
year-on-year
(%)
42.6
31.0
37.7
62.5
-
-
44.1
(Note 1) This property was acquired on May 23, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
62.7
79.4
85.5
89.8
-
-
79.2
year-on-year
(points)
20.4
6.5
8.3
18.1
-
-
13.4
ADR
actual
(JPY)
9,768
8,435
15,698
20,061
-
-
14,024
year-on-year
(%)
14.4
-3.6
-6.0
9.9
-
-
2.6
RevPAR
actual
(JPY)
6,125
6,695
13,419
18,010
-
-
11,114
year-on-year
(%)
69.7
5.0
4.1
37.7
-
-
23.5
Gross Revenue
actual
(JPY mn)
47
47
101
129
-
-
325
year-on-year
(%)
66.0
1.5
4.2
33.4
-
-
20.8
(Note 1) This property was acquired on July 17, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
92.9
94.7
93.5
96.5
-
-
94.4
year-on-year
(points)
2.7
3.9
0.8
3.5
-
-
2.7
ADR
actual
(JPY)
13,024
16,249
18,177
15,609
-
-
15,759
year-on-year
(%)
16.1
7.9
8.2
37.2
-
-
15.7
RevPAR
actual
(JPY)
12,095
15,380
16,991
15,065
-
-
14,869
year-on-year
(%)
19.5
12.5
9.1
42.4
-
-
19.1
Gross Revenue
actual
(JPY mn)
79
85
104
100
-
-
368
year-on-year
(%)
21.8
10.1
8.2
30.4
-
-
16.9
(Note 1) This property was acquired on July 17, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
96.9
96.7
96.1
96.7
-
-
96.6
year-on-year
(points)
1.4
-0.4
-1.0
-0.3
-
-
-0.1
ADR
actual
(JPY)
25,782
27,323
31,952
29,492
-
-
28,656
year-on-year
(%)
30.8
11.8
5.5
33.8
-
-
18.7
RevPAR
actual
(JPY)
24,978
26,434
30,692
28,531
-
-
27,682
year-on-year
(%)
32.7
11.3
4.5
33.3
-
-
18.6
Gross Revenue
actual
(JPY mn)
75
70
91
82
-
-
319
year-on-year
(%)
29.0
6.7
4.0
30.8
-
-
16.1
(Note 1) This property was acquired on July 17, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
85.3
93.4
91.6
94.3
-
-
91.1
year-on-year
(points)
22.1
18.6
8.9
12.3
-
-
15.4
ADR
actual
(JPY)
13,202
13,911
15,114
19,130
-
-
15,403
year-on-year
(%)
15.1
1.5
-1.1
30.3
-
-
10.6
RevPAR
actual
(JPY)
11,266
12,998
13,848
18,049
-
-
14,033
year-on-year
(%)
55.4
26.8
9.5
49.9
-
-
33.1
Gross Revenue
actual
(JPY mn)
59
60
70
86
-
-
276
year-on-year
(%)
41.9
16.4
7.2
38.0
-
-
24.6
(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.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
85.2
87.9
91.4
92.2
-
-
89.2
year-on-year
(points)
-0.7
0.3
1.0
6.6
-
-
1.8
ADR
actual
(JPY)
7,309
8,334
8,289
10,125
-
-
8,532
year-on-year
(%)
14.2
11.2
5.4
13.9
-
-
11.5
RevPAR
actual
(JPY)
6,227
7,327
7,578
9,331
-
-
7,609
year-on-year
(%)
13.3
11.6
6.6
22.7
-
-
13.8
Gross Revenue
actual
(JPY mn)
57
60
71
83
-
-
272
year-on-year
(%)
11.5
5.3
4.4
22.1
-
-
11.0
(Note 1) This property was acquired on July 17, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
81.4
88.6
90.7
97.1
-
-
89.4
year-on-year
(points)
24.1
19.0
7.1
11.3
-
-
15.3
ADR
actual
(JPY)
7,880
8,096
8,590
10,443
-
-
8,812
year-on-year
(%)
29.4
4.1
-0.6
26.2
-
-
12.5
RevPAR
actual
(JPY)
6,417
7,177
7,792
10,139
-
-
7,880
year-on-year
(%)
83.9
32.5
7.8
42.9
-
-
35.8
Gross Revenue
actual
(JPY mn)
40
40
48
59
-
-
188
year-on-year
(%)
75.0
28.3
7.6
42.3
-
-
33.4
(Note 1) This property was acquired on July 17, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
86.8
93.6
96.1
93.0
-
-
92.3
year-on-year
(points)
3.9
6.8
2.5
3.4
-
-
4.1
ADR
actual
(JPY)
8,471
9,774
11,607
13,537
-
-
10,898
year-on-year
(%)
14.3
3.9
-3.2
17.8
-
-
7.3
RevPAR
actual
(JPY)
7,354
9,150
11,155
12,584
-
-
10,062
year-on-year
(%)
19.7
12.0
-0.6
22.2
-
-
12.3
Gross Revenue
actual
(JPY mn)
48
53
71
77
-
-
251
year-on-year
(%)
17.3
5.1
-2.7
18.7
-
-
8.6
(Note 1) This property was acquired on July 17, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
58.1
57.6
91.1
94.7
-
-
75.6
year-on-year
(points)
-21.3
-28.7
3.5
6.4
-
-
-9.7
ADR
actual
(JPY)
9,887
11,733
14,408
17,849
-
-
14,112
year-on-year
(%)
32.8
24.4
23.3
78.4
-
-
45.5
RevPAR
actual
(JPY)
5,748
6,754
13,118
16,902
-
-
10,675
year-on-year
(%)
-2.8
-17.0
28.2
91.3
-
-
28.9
Gross Revenue
actual
(JPY mn)
16
18
38
48
-
-
121
year-on-year
(%)
-3.7
-18.7
27.3
86.6
-
-
27.0
(Note 1) This property was acquired on July 17, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
90.5
90.1
66.0
67.6
-
-
78.4
year-on-year
(points)
6.0
0.0
-28.0
-20.7
-
-
-10.9
ADR
actual
(JPY)
9,957
14,589
12,720
12,094
-
-
12,262
year-on-year
(%)
14.5
32.3
17.2
30.6
-
-
22.9
RevPAR
actual
(JPY)
9,012
13,150
8,396
8,176
-
-
9,610
year-on-year
(%)
22.7
32.3
-17.7
0.0
-
-
7.9
Gross Revenue
actual
(JPY mn)
53
68
49
45
-
-
217
year-on-year
(%)
26.8
28.8
-16.7
-0.8
-
-
8.2
(Note 1) This property was acquired on July 17, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
87.6
93.6
95.4
95.3
-
-
92.9
year-on-year
(points)
2.2
3.3
2.9
3.9
-
-
3.1
ADR
actual
(JPY)
19,350
20,823
23,058
29,677
-
-
23,327
year-on-year
(%)
90.9
60.0
51.6
98.8
-
-
74.4
RevPAR
actual
(JPY)
16,945
19,489
22,008
28,281
-
-
21,680
year-on-year
(%)
95.9
65.9
56.3
107.2
-
-
80.3
Gross Revenue
actual
(JPY mn)
37
38
47
58
-
-
181
year-on-year
(%)
112.5
77.6
73.5
129.0
-
-
97.3
(Note 1) This property was acquired on July 17, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
93.1
93.1
92.9
94.4
-
-
93.4
year-on-year
(points)
5.8
1.7
-0.4
3.1
-
-
2.6
ADR
actual
(JPY)
9,286
11,412
12,897
12,833
-
-
11,606
year-on-year
(%)
29.6
24.5
14.2
24.8
-
-
22.0
RevPAR
actual
(JPY)
8,641
10,626
11,978
12,114
-
-
10,835
year-on-year
(%)
38.3
26.8
13.8
29.0
-
-
25.5
Gross Revenue
actual
(JPY mn)
19
21
27
26
-
-
94
year-on-year
(%)
37.5
22.4
14.5
28.3
-
-
24.3
(Note 1) This property was acquired on July 17, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
85.7
92.0
90.0
94.1
-
-
90.4
year-on-year
(points)
3.3
0.6
-2.6
1.9
-
-
0.8
ADR
actual
(JPY)
10,046
11,387
12,872
15,042
-
-
12,392
year-on-year
(%)
18.2
12.7
10.5
18.2
-
-
14.7
RevPAR
actual
(JPY)
8,608
10,478
11,588
14,158
-
-
11,202
year-on-year
(%)
23.0
13.4
7.3
20.6
-
-
15.7
Gross Revenue
actual
(JPY mn)
14
16
19
23
-
-
74
year-on-year
(%)
21.8
9.5
7.8
21.2
-
-
14.8
(Note 1) This property was acquired on July 17, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
80.7
83.2
71.6
77.3
-
-
78.1
year-on-year
(points)
1.1
-7.6
-20.0
-11.5
-
-
-9.5
ADR
actual
(JPY)
5,764
6,033
7,496
8,154
-
-
6,833
year-on-year
(%)
11.1
17.9
36.7
41.8
-
-
26.7
RevPAR
actual
(JPY)
4,653
5,019
5,369
6,300
-
-
5,335
year-on-year
(%)
12.7
8.0
6.9
23.4
-
-
12.9
Gross Revenue
actual
(JPY mn)
18
18
21
24
-
-
83
year-on-year
(%)
11.7
4.4
7.2
22.6
-
-
11.7
(Note 1) This property was acquired on July 17, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
81.3
83.2
83.4
88.8
-
-
84.2
year-on-year
(points)
7.4
6.5
1.4
3.1
-
-
4.6
ADR
actual
(JPY)
5,513
5,761
5,994
6,437
-
-
5,937
year-on-year
(%)
6.1
5.8
6.8
11.0
-
-
7.5
RevPAR
actual
(JPY)
4,480
4,794
5,001
5,717
-
-
4,997
year-on-year
(%)
16.7
14.8
8.6
15.0
-
-
13.7
Gross Revenue
actual
(JPY mn)
14
14
16
18
-
-
63
year-on-year
(%)
16.3
10.7
8.4
14.7
-
-
12.5
(Note 1) This property was acquired on July 17, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
73.0
79.5
89.0
94.2
-
-
84.0
year-on-year
(points)
9.8
9.6
4.5
6.6
-
-
7.6
ADR
actual
(JPY)
10,666
10,833
11,521
13,300
-
-
11,675
year-on-year
(%)
18.9
-0.6
0.1
56.7
-
-
17.0
RevPAR
actual
(JPY)
7,792
8,617
10,257
12,522
-
-
9,804
year-on-year
(%)
37.3
13.0
5.5
68.6
-
-
28.7
Gross Revenue
actual
(JPY mn)
27
27
36
42
-
-
133
year-on-year
(%)
36.6
9.0
6.0
66.7
-
-
27.3
(Note 1) This property was acquired on July 17, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
74.4
74.9
85.5
84.8
-
-
80.0
year-on-year
(points)
5.0
-7.4
-0.7
5.7
-
-
0.8
ADR
actual
(JPY)
16,843
17,324
17,817
21,358
-
-
18,414
year-on-year
(%)
27.2
21.8
4.6
15.8
-
-
16.3
RevPAR
actual
(JPY)
12,525
12,971
15,226
18,111
-
-
14,723
year-on-year
(%)
36.4
10.8
3.7
24.2
-
-
17.5
Gross Revenue
actual
(JPY mn)
23
21
28
32
-
-
105
year-on-year
(%)
37.0
4.6
3.6
23.5
-
-
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.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
72.5
80.1
78.4
82.4
-
-
78.3
year-on-year
(points)
9.3
-1.6
-6.8
-13.0
-
-
-3.0
ADR
actual
(JPY)
6,541
7,453
7,872
9,190
-
-
7,800
year-on-year
(%)
11.0
21.5
19.3
41.6
-
-
23.5
RevPAR
actual
(JPY)
4,745
5,972
6,172
7,572
-
-
6,107
year-on-year
(%)
27.3
19.1
9.8
22.3
-
-
19.0
Gross Revenue
actual
(JPY mn)
5
6
7
8
-
-
28
year-on-year
(%)
24.8
14.9
10.1
21.8
-
-
17.5
(Note 1) This property was acquired on July 17, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
72.4
80.0
81.8
84.1
-
-
79.5
year-on-year
(points)
4.4
-4.0
-7.9
-11.8
-
-
-4.8
ADR
actual
(JPY)
6,207
6,922
8,090
9,872
-
-
7,844
year-on-year
(%)
13.2
12.4
23.4
45.7
-
-
24.5
RevPAR
actual
(JPY)
4,496
5,540
6,619
8,301
-
-
6,239
year-on-year
(%)
20.5
7.1
12.5
27.8
-
-
17.4
Gross Revenue
actual
(JPY mn)
3
3
4
5
-
-
16
year-on-year
(%)
21.3
4.6
13.0
28.4
-
-
17.2
(Note 1) This property was acquired on July 17, 2014.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
98.2
100.0
99.8
99.9
-
-
99.5
year-on-year
(points)
22.5
26.6
22.0
15.1
-
-
21.5
ADR
actual
(JPY)
7,176
8,660
10,424
11,852
-
-
9,541
year-on-year
(%)
9.6
5.1
12.5
16.1
-
-
10.8
RevPAR
actual
(JPY)
7,049
8,660
10,408
11,845
-
-
9,492
year-on-year
(%)
42.1
43.2
44.3
36.7
-
-
41.3
Gross Revenue
actual
(JPY mn)
101
112
149
163
-
-
527
year-on-year
(%)
43.8
39.3
45.3
36.0
-
-
40.7
(Note 1) This property was acquired on February 6, 2015.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
73.1
74.4
77.7
78.0
-
-
75.8
year-on-year
(points)
22.4
11.4
16.4
3.5
-
-
13.6
ADR
actual
(JPY)
6,795
6,642
6,442
9,545
-
-
7,374
year-on-year
(%)
9.0
8.5
6.6
6.1
-
-
5.7
RevPAR
actual
(JPY)
4,970
4,941
5,007
7,445
-
-
5,592
year-on-year
(%)
57.1
28.2
35.1
11.1
-
-
28.7
Gross Revenue
actual
(JPY mn)
37
34
39
53
-
-
164
year-on-year
(%)
46.5
18.6
29.7
9.8
-
-
23.3
(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.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
70.1
73.4
80.5
82.7
-
-
76.7
year-on-year
(points)
-0.5
-6.6
1.9
-2.8
-
-
-1.9
ADR
actual
(JPY)
7,881
8,493
8,473
8,341
-
-
8,302
year-on-year
(%)
20.5
18.8
7.9
6.6
-
-
12.6
RevPAR
actual
(JPY)
5,523
6,236
6,824
6,895
-
-
6,368
year-on-year
(%)
19.7
9.1
10.5
3.0
-
-
9.9
Gross Revenue
actual
(JPY mn)
14
15
18
17
-
-
65
year-on-year
(%)
19.5
7.3
11.0
3.3
-
-
9.7
(Note 1) This property was acquired on February 6, 2015.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
90.9
97.4
96.1
96.3
-
-
95.1
year-on-year
(points)
-1.9
2.2
1.3
1.6
-
-
0.8
ADR
actual
(JPY)
13,048
13,677
14,658
17,283
-
-
14,691
year-on-year
(%)
18.7
11.8
6.1
25.4
-
-
15.6
RevPAR
actual
(JPY)
11,861
13,323
14,079
16,647
-
-
13,972
year-on-year
(%)
16.3
14.3
7.6
27.5
-
-
16.5
Gross Revenue
actual
(JPY mn)
70
70
83
95
-
-
319
year-on-year
(%)
13.8
9.2
8.0
28.2
-
-
14.9
(Note 1) This property was acquired on July 16, 2015.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
90.4
94.0
93.6
96.1
-
-
93.5
year-on-year
(points)
11.7
11.2
3.8
3.2
-
-
7.4
ADR
actual
(JPY)
7,327
7,863
8,807
9,434
-
-
8,377
year-on-year
(%)
18.2
6.3
5.0
9.7
-
-
8.7
RevPAR
actual
(JPY)
6,625
7,394
8,242
9,062
-
-
7,831
year-on-year
(%)
35.7
20.7
9.4
13.4
-
-
18.1
Gross Revenue
actual
(JPY mn)
56
57
70
74
-
-
258
year-on-year
(%)
32.9
16.3
9.6
13.6
-
-
16.7
(Note 1) This property was acquired on July 16, 2015.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
89.5
93.2
89.3
94.9
-
-
91.7
year-on-year
(points)
2.4
0.9
-3.7
2.9
-
-
0.6
ADR
actual
(JPY)
12,911
14,287
16,792
19,242
-
-
15,852
year-on-year
(%)
22.1
11.2
12.9
22.2
-
-
17.0
RevPAR
actual
(JPY)
11,559
13,319
14,994
18,256
-
-
14,531
year-on-year
(%)
25.5
12.3
8.5
26.0
-
-
17.8
Gross Revenue
actual
(JPY mn)
35
36
45
53
-
-
170
year-on-year
(%)
25.3
7.9
8.7
24.8
-
-
16.4
(Note 1) This property was acquired on July 16, 2015.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
86.4
92.4
91.9
95.6
-
-
91.5
year-on-year
(points)
12.5
10.6
3.4
2.4
-
-
7.2
ADR
actual
(JPY)
7,617
8,271
9,783
9,939
-
-
8,939
year-on-year
(%)
18.6
9.2
10.8
16.5
-
-
13.0
RevPAR
actual
(JPY)
6,581
7,640
8,991
9,498
-
-
8,180
year-on-year
(%)
38.8
23.4
15.0
19.6
-
-
22.6
Gross Revenue
actual
(JPY mn)
36
38
50
51
-
-
176
year-on-year
(%)
37.8
18.7
15.1
20.0
-
-
21.5
(Note 1) This property was acquired on July 16, 2015.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
80.3
91.9
91.0
90.4
-
-
88.3
year-on-year
(points)
2.9
4.9
8.5
6.0
-
-
5.5
ADR
actual
(JPY)
7,120
7,444
8,126
8,398
-
-
7,794
year-on-year
(%)
6.5
2.3
-4.1
15.5
-
-
4.8
RevPAR
actual
(JPY)
5,719
6,842
7,396
7,593
-
-
6,883
year-on-year
(%)
10.5
8.0
5.7
23.7
-
-
11.7
Gross Revenue
actual
(JPY mn)
29
31
38
38
-
-
137
year-on-year
(%)
7.8
2.8
6.5
22.7
-
-
9.9
(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.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
80.4
87.7
89.1
89.4
-
-
86.6
year-on-year
(points)
-1.3
3.3
2.6
4.4
-
-
2.2
ADR
actual
(JPY)
5,401
5,361
6,095
7,513
-
-
6,121
year-on-year
(%)
18.6
10.3
5.5
5.2
-
-
9.4
RevPAR
actual
(JPY)
4,342
4,704
5,432
6,714
-
-
5,301
year-on-year
(%)
16.7
14.7
8.6
10.7
-
-
12.3
Gross Revenue
actual
(JPY mn)
12
11
15
18
-
-
57
year-on-year
(%)
15.9
10.8
8.6
11.0
-
-
11.3
(Note 1) This property was acquired on July 16, 2015.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
77.5
85.7
89.2
88.9
-
-
85.3
year-on-year
(points)
-7.9
1.6
0.2
2.0
-
-
-1.1
ADR
actual
(JPY)
8,910
9,417
10,168
9,785
-
-
9,597
year-on-year
(%)
18.6
14.5
19.4
3.4
-
-
13.9
RevPAR
actual
(JPY)
6,903
8,071
9,071
8,697
-
-
8,184
year-on-year
(%)
7.6
16.7
19.7
5.7
-
-
12.4
Gross Revenue
actual
(JPY mn)
55
53
64
55
-
-
229
year-on-year
(%)
15.0
7.7
7.9
-10.2
-
-
4.4
(Note 1) This property was acquired on July 16, 2015.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
80.4
85.5
78.2
87.9
-
-
82.9
year-on-year
(points)
3.4
1.6
-5.4
1.3
-
-
0.2
ADR
actual
(JPY)
5,595
6,698
6,847
7,131
-
-
6,573
year-on-year
(%)
10.5
18.2
18.1
14.0
-
-
15.1
RevPAR
actual
(JPY)
4,498
5,730
5,353
6,265
-
-
5,448
year-on-year
(%)
15.4
20.4
10.5
15.7
-
-
15.3
Gross Revenue
actual
(JPY mn)
9
10
10
12
-
-
42
year-on-year
(%)
14.4
17.1
10.3
15.6
-
-
14.3
(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.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
83.0
88.8
88.8
91.6
-
-
88.0
year-on-year
(points)
0.8
-0.6
1.0
0.8
-
-
0.5
ADR
actual
(JPY)
5,093
5,965
6,328
6,457
-
-
5,975
year-on-year
(%)
12.8
14.6
7.2
10.0
-
-
10.9
RevPAR
actual
(JPY)
4,226
5,299
5,620
5,915
-
-
5,259
year-on-year
(%)
13.9
13.8
8.4
11.0
-
-
11.5
Gross Revenue
actual
(JPY mn)
8
9
10
11
-
-
39
year-on-year
(%)
12.9
6.2
8.1
10.3
-
-
9.2
(Note 1) This property was acquired on July 16, 2015.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
76.7
81.0
81.1
88.8
-
-
81.9
year-on-year
(points)
-1.9
-7.9
-6.1
-2.0
-
-
-4.4
ADR
actual
(JPY)
6,739
7,148
7,169
6,908
-
-
6,989
year-on-year
(%)
17.1
19.9
19.5
11.4
-
-
16.8
RevPAR
actual
(JPY)
5,172
5,789
5,813
6,136
-
-
5,722
year-on-year
(%)
14.3
9.2
11.2
9.0
-
-
10.8
Gross Revenue
actual
(JPY mn)
34
34
38
39
-
-
146
year-on-year
(%)
14.3
5.4
10.5
9.2
-
-
9.7
(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.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
88.5
93.1
92.4
95.7
-
-
92.4
year-on-year
(points)
19.9
19.7
2.2
7.3
-
-
12.2
ADR
actual
(JPY)
13,688
13,551
13,910
19,694
-
-
15,269
year-on-year
(%)
16.3
-3.0
-5.4
26.0
-
-
7.9
RevPAR
actual
(JPY)
12,110
12,610
12,855
18,843
-
-
14,102
year-on-year
(%)
50.0
23.2
-3.1
36.4
-
-
24.3
Gross Revenue
actual
(JPY mn)
21
20
22
31
-
-
96
year-on-year
(%)
47.0
17.5
-3.3
35.7
-
-
22.2
(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.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
90.3
92.4
92.4
94.8
-
-
92.5
year-on-year
(points)
0.9
-1.1
-1.7
3.3
-
-
0.3
ADR
actual
(JPY)
13,502
15,144
16,522
19,198
-
-
16,125
year-on-year
(%)
16.9
11.3
-1.0
12.2
-
-
9.2
RevPAR
actual
(JPY)
12,190
13,990
15,267
18,200
-
-
14,908
year-on-year
(%)
18.1
10.0
-2.8
16.2
-
-
9.6
Gross Revenue
actual
(JPY mn)
159
165
200
227
-
-
752
year-on-year
(%)
15.1
5.4
-2.2
15.4
-
-
7.9
(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
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
62.3
77.7
95.0
84.6
-
-
79.9
year-on-year
(points)
-2.0
1.0
-3.3
-0.8
-
-
-1.3
ADR
actual
(JPY)
28,662
20,775
25,551
24,699
-
-
24,868
year-on-year
(%)
4.6
-4.4
-0.7
-6.9
-
-
-2.0
RevPAR
actual
(JPY)
17,854
16,149
24,262
20,904
-
-
19,874
year-on-year
(%)
1.5
-3.2
-4.0
-7.7
-
-
-3.5
Gross Revenue
actual
(JPY mn)
419
393
599
509
-
-
1,920
year-on-year
(%)
-1.8
1.1
2.1
-2.0
-
-
-0.1
(Note 1) This property was acquired on March 31, 2016.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
89.8
90.9
92.5
91.7
-
-
91.2
year-on-year
(points)
6.6
1.2
0.6
7.4
-
-
4.0
ADR
actual
(JPY)
12,338
17,338
15,436
14,828
-
-
14,938
year-on-year
(%)
20.7
29.8
22.1
31.1
-
-
25.4
RevPAR
actual
(JPY)
11,081
15,766
14,273
13,598
-
-
13,628
year-on-year
(%)
30.2
31.6
22.9
42.6
-
-
31.1
Gross Revenue
actual
(JPY mn)
77
99
99
93
-
-
369
year-on-year
(%)
29.2
25.9
23.1
42.2
-
-
29.6
(Note 1) This property was acquired on March 31, 2016.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
96.3
97.2
96.7
97.1
-
-
96.8
year-on-year
(points)
3.8
1.4
0.3
0.5
-
-
1.5
ADR
actual
(JPY)
13,943
15,879
18,837
21,388
-
-
17,526
year-on-year
(%)
16.9
12.3
6.0
23.2
-
-
14.2
RevPAR
actual
(JPY)
13,424
15,436
18,206
20,763
-
-
16,964
year-on-year
(%)
21.7
13.9
6.3
23.9
-
-
16.1
Gross Revenue
actual
(JPY mn)
44
45
59
66
-
-
216
year-on-year
(%)
22.4
9.3
5.9
23.9
-
-
15.0
(Note 1) This property was acquired on March 31, 2016.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
61.5
70.2
79.0
76.2
-
-
71.7
year-on-year
(points)
-21.5
-3.8
-2.7
-3.4
-
-
-8.0
ADR
actual
(JPY)
9,804
9,704
11,579
12,798
-
-
11,081
year-on-year
(%)
1.2
-23.0
-22.7
-17.1
-
-
-15.7
RevPAR
actual
(JPY)
6,032
6,812
9,151
9,749
-
-
7,949
year-on-year
(%)
-25.0
-26.9
-25.3
-20.6
-
-
-24.1
Gross Revenue
actual
(JPY mn)
62
64
88
91
-
-
307
year-on-year
(%)
-21.5
-24.5
-21.9
-20.1
-
-
-21.8
(Note 1) This property was acquired on June 15, 2016.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
80.4
84.4
87.9
88.2
-
-
85.2
year-on-year
(points)
8.8
0.7
3.5
3.4
-
-
5.5
ADR
actual
(JPY)
8,507
9,111
10,171
10,571
-
-
9,624
year-on-year
(%)
19.5
16.3
15.7
16.3
-
-
-26.8
RevPAR
actual
(JPY)
6,840
7,687
8,939
9,328
-
-
8,202
year-on-year
(%)
34.2
17.3
20.5
20.9
-
-
-21.7
Gross Revenue
actual
(JPY mn)
56
55
70
70
-
-
253
year-on-year
(%)
30.8
11.7
19.5
16.4
-
-
-35.4
(Note 1) This property was acquired on June 15, 2016.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
95.1
95.4
94.4
96.5
-
-
95.3
year-on-year
(points)
1.3
0.6
0.2
1.4
-
-
0.9
ADR
actual
(JPY)
26,436
26,784
31,312
38,511
-
-
30,820
year-on-year
(%)
22.6
10.4
-2.5
30.9
-
-
14.7
RevPAR
actual
(JPY)
25,142
25,556
29,553
37,174
-
-
29,386
year-on-year
(%)
24.4
11.1
-2.4
32.8
-
-
15.8
Gross Revenue
actual
(JPY mn)
100
93
116
142
-
-
452
year-on-year
(%)
19.8
6.5
-1.9
30.4
-
-
13.3
(Note 1) This property was acquired on May 29, 2017.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
84.4
92.0
92.3
93.8
-
-
90.5
year-on-year
(points)
20.5
11.3
3.5
6.6
-
-
10.5
ADR
actual
(JPY)
7,331
8,387
9,381
11,880
-
-
9,300
year-on-year
(%)
6.8
7.1
7.3
27.4
-
-
12.1
RevPAR
actual
(JPY)
6,184
7,715
8,655
11,149
-
-
8,421
year-on-year
(%)
41.0
22.1
11.5
37.1
-
-
26.8
Gross Revenue
actual
(JPY mn)
120
121
146
182
-
-
570
year-on-year
(%)
26.5
7.7
12.4
29.7
-
-
19.2
(Note 1) This property was acquired on October 13, 2017.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
81.7
89.8
92.0
93.4
-
-
89.2
year-on-year
(points)
-1.9
4.2
2.3
3.0
-
-
1.8
ADR
actual
(JPY)
16,639
17,077
20,567
24,366
-
-
19,811
year-on-year
(%)
22.1
9.6
1.8
23.0
-
-
13.8
RevPAR
actual
(JPY)
13,599
15,342
18,925
22,752
-
-
17,670
year-on-year
(%)
19.3
15.0
4.4
27.1
-
-
16.2
Gross Revenue
actual
(JPY mn)
110
110
148
170
-
-
539
year-on-year
(%)
17.6
9.4
4.6
24.3
-
-
13.9
(Note 1) This property was acquired on October 13, 2017.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
86.4
88.9
88.5
80.2
-
-
86.0
year-on-year
(points)
2.3
2.2
-0.2
-5.2
-
-
-0.2
ADR
actual
(JPY)
14,023
15,375
17,833
13,507
-
-
15,242
year-on-year
(%)
1.3
-3.9
6.9
3.0
-
-
2.1
RevPAR
actual
(JPY)
12,121
13,672
15,791
10,826
-
-
13,107
year-on-year
(%)
4.2
-1.4
6.7
-3.2
-
-
1.8
Gross Revenue
actual
(JPY mn)
212
203
268
183
-
-
868
year-on-year
(%)
6.9
-0.4
11.7
4.7
-
-
6.0
(Note 1) This property was acquired on October 13, 2017.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
95.7
96.8
78.0
73.3
-
-
85.8
year-on-year
(points)
10.4
7.4
4.9
9.6
-
-
8.0
ADR
actual
(JPY)
11,103
20,214
10,924
8,259
-
-
12,853
year-on-year
(%)
25.0
21.3
28.0
5.9
-
-
19.9
RevPAR
actual
(JPY)
10,622
19,570
8,517
6,056
-
-
11,024
year-on-year
(%)
40.3
31.3
36.6
21.8
-
-
32.1
Gross Revenue
actual
(JPY mn)
82
136
67
47
-
-
334
year-on-year
(%)
38.1
27.0
37.4
23.6
-
-
31.1
(Note 1) This property was acquired on October 13, 2017.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
89.9
95.8
96.4
92.6
-
-
93.6
year-on-year
(points)
7.9
7.6
2.8
2.0
-
-
5.1
ADR
actual
(JPY)
8,727
9,876
12,302
14,841
-
-
11,464
year-on-year
(%)
10.7
-1.0
-1.8
19.5
-
-
6.3
RevPAR
actual
(JPY)
7,847
9,463
11,857
13,750
-
-
10,736
year-on-year
(%)
21.4
7.6
1.2
22.2
-
-
12.3
Gross Revenue
actual
(JPY mn)
41
44
62
69
-
-
218
year-on-year
(%)
21.0
4.4
1.5
22.0
-
-
11.5
(Note 1) This property was acquired on February 7, 2018.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
53.5
60.7
65.9
78.4
-
-
64.6
year-on-year
(points)
5.0
-2.6
1.8
-1.1
-
-
0.9
ADR
actual
(JPY)
8,095
8,367
7,859
11,135
-
-
9,014
year-on-year
(%)
14.8
13.7
-2.3
-1.6
-
-
3.6
RevPAR
actual
(JPY)
4,328
5,075
5,182
8,728
-
-
5,823
year-on-year
(%)
26.5
9.0
0.4
-2.9
-
-
5.0
Gross Revenue
actual
(JPY mn)
46
42
59
83
-
-
231
year-on-year
(%)
37.0
-2.0
8.3
-0.5
-
-
7.3
(Note 1) This property was acquired on February 7, 2018.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
63.6
75.2
68.8
83.6
-
-
72.7
year-on-year
(points)
-0.9
-1.5
-8.9
0.1
-
-
-2.9
ADR
actual
(JPY)
9,529
12,061
9,528
29,043
-
-
15,752
year-on-year
(%)
11.6
10.3
1.6
2.9
-
-
6.9
RevPAR
actual
(JPY)
6,063
9,068
6,558
24,275
-
-
11,445
year-on-year
(%)
10.0
8.2
-10.1
3.0
-
-
2.8
Gross Revenue
actual
(JPY mn)
63
74
75
161
-
-
373
year-on-year
(%)
-9.9
-9.0
-19.9
-3.1
-
-
-9.3
(Note 1) This property was acquired on February 7, 2018.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
91.4
91.0
87.2
89.8
-
-
89.8
year-on-year
(points)
2.7
-1.5
-8.0
2.7
-
-
-1.0
ADR
actual
(JPY)
6,897
8,465
8,155
6,782
-
-
7,555
year-on-year
(%)
0.7
-1.8
5.9
-3.1
-
-
0.1
RevPAR
actual
(JPY)
6,302
7,702
7,114
6,088
-
-
6,785
year-on-year
(%)
3.8
-3.3
-3.0
-0.1
-
-
-1.0
Gross Revenue
actual
(JPY mn)
30
33
34
29
-
-
128
year-on-year
(%)
6.1
-6.7
-3.2
-0.5
-
-
-1.5
(Note 1) This property was acquired on February 7, 2018.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
93.2
93.8
90.6
95.1
-
-
93.1
year-on-year
(points)
1.8
-0.5
-4.0
3.8
-
-
0.3
ADR
actual
(JPY)
12,290
14,129
15,699
19,034
-
-
15,300
year-on-year
(%)
19.2
12.5
-2.3
14.6
-
-
10.1
RevPAR
actual
(JPY)
11,457
13,253
14,217
18,106
-
-
14,251
year-on-year
(%)
21.6
11.9
-6.4
19.4
-
-
10.4
Gross Revenue
actual
(JPY mn)
39
41
48
60
-
-
189
year-on-year
(%)
20.9
8.2
-6.2
19.7
-
-
9.6
(Note 1) This property was acquired on June 27, 2018.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
81.7
84.9
92.0
92.7
-
-
87.9
year-on-year
(points)
-5.6
-5.6
0.0
5.3
-
-
-1.4
ADR
actual
(JPY)
10,777
14,553
14,280
14,264
-
-
13,495
year-on-year
(%)
17.4
23.0
2.3
6.4
-
-
11.4
RevPAR
actual
(JPY)
8,809
12,353
13,138
13,226
-
-
11,859
year-on-year
(%)
9.9
15.4
2.3
12.8
-
-
9.6
Gross Revenue
actual
(JPY mn)
35
43
53
50
-
-
182
year-on-year
(%)
9.5
11.6
3.7
14.1
-
-
9.4
(Note 1) This property was acquired on June 27, 2018.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
91.4
92.5
92.5
92.7
-
-
92.3
year-on-year
(points)
7.4
2.2
2.5
2.0
-
-
3.6
ADR
actual
(JPY)
18,896
20,387
23,545
30,657
-
-
23,402
year-on-year
(%)
44.5
26.2
1.6
35.4
-
-
24.0
RevPAR
actual
(JPY)
17,280
18,855
21,776
28,407
-
-
21,590
year-on-year
(%)
57.3
29.2
4.4
38.4
-
-
28.9
Gross Revenue
actual
(JPY mn)
188
185
235
295
-
-
904
year-on-year
(%)
53.6
24.2
4.5
36.4
-
-
26.7
(Note 1) This property was acquired on August 2, 2018.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
86.7
90.6
80.8
62.2
-
-
80.0
year-on-year
(points)
14.4
4.3
11.7
11.8
-
-
10.6
ADR
actual
(JPY)
13,799
20,286
12,299
8,888
-
-
14,168
year-on-year
(%)
43.1
24.0
25.6
-3.4
-
-
22.1
RevPAR
actual
(JPY)
11,957
18,388
9,939
5,530
-
-
11,329
year-on-year
(%)
71.6
30.2
47.0
19.0
-
-
40.7
Gross Revenue
actual
(JPY mn)
215
267
181
108
-
-
772
year-on-year
(%)
53.9
22.8
37.0
12.7
-
-
31.8
(Note 1) This property was acquired on August 2, 2018.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
89.4
92.5
92.0
93.2
-
-
91.7
year-on-year
(points)
2.4
2.0
-0.6
2.1
-
-
1.4
ADR
actual
(JPY)
12,377
14,250
16,478
18,814
-
-
15,514
year-on-year
(%)
35.2
28.8
14.3
26.7
-
-
24.9
RevPAR
actual
(JPY)
11,064
13,181
15,156
17,531
-
-
14,232
year-on-year
(%)
38.9
31.7
13.5
29.6
-
-
26.9
Gross Revenue
actual
(JPY mn)
53
56
72
79
-
-
261
year-on-year
(%)
36.8
26.2
11.5
26.1
-
-
23.6
(Note 1) This property was acquired on August 2, 2018.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
79.9
89.2
92.7
94.9
-
-
89.1
year-on-year
(points)
25.0
17.8
8.9
8.6
-
-
15.1
ADR
actual
(JPY)
11,960
12,019
12,965
17,495
-
-
13,717
year-on-year
(%)
16.2
5.8
-0.2
34.0
-
-
13.2
RevPAR
actual
(JPY)
9,552
10,719
12,024
16,599
-
-
12,225
year-on-year
(%)
69.2
32.2
10.5
47.4
-
-
36.3
Gross Revenue
actual
(JPY mn)
33
33
41
54
-
-
162
year-on-year
(%)
66.5
27.4
10.4
46.6
-
-
34.5
(Note 1) This property was acquired on August 2, 2018.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
96.9
96.4
82.3
69.4
-
-
86.1
year-on-year
(points)
15.5
7.5
6.0
7.9
-
-
9.2
ADR
actual
(JPY)
14,816
25,076
14,404
10,256
-
-
16,475
year-on-year
(%)
29.3
20.1
34.0
6.6
-
-
21.8
RevPAR
actual
(JPY)
14,358
24,177
11,853
7,120
-
-
14,192
year-on-year
(%)
54.0
30.3
44.5
20.4
-
-
36.4
Gross Revenue
actual
(JPY mn)
163
234
140
87
-
-
626
year-on-year
(%)
48.5
25.3
38.7
17.0
-
-
32.2
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
64.9
74.5
84.3
89.0
-
-
78.2
year-on-year
(points)
3.5
0.2
4.4
9.7
-
-
4.5
ADR
actual
(JPY)
14,342
13,755
16,055
15,491
-
-
15,016
year-on-year
(%)
1.2
-3.2
3.9
-3.7
-
-
-0.2
RevPAR
actual
(JPY)
9,313
10,244
13,535
13,788
-
-
11,740
year-on-year
(%)
6.9
-2.9
9.6
8.1
-
-
5.9
Gross Revenue
actual
(JPY mn)
130
127
171
163
-
-
593
year-on-year
(%)
11.0
-8.6
17.6
15.3
-
-
8.9
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
87.5
92.6
91.0
94.5
-
-
91.3
year-on-year
(points)
7.5
4.2
-0.1
0.7
-
-
3.0
ADR
actual
(JPY)
27,564
24,807
29,136
37,846
-
-
29,975
year-on-year
(%)
19.3
7.9
1.7
10.0
-
-
8.9
RevPAR
actual
(JPY)
24,130
22,962
26,505
35,751
-
-
27,377
year-on-year
(%)
30.4
13.0
1.5
10.8
-
-
12.7
Gross Revenue
actual
(JPY mn)
138
121
151
197
-
-
608
year-on-year
(%)
25.1
6.1
-0.5
10.6
-
-
9.5
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
95.4
95.2
85.1
61.5
-
-
84.2
year-on-year
(points)
21.8
9.7
22.0
7.0
-
-
15.2
ADR
actual
(JPY)
17,303
22,166
14,187
12,443
-
-
16,884
year-on-year
(%)
10.1
7.7
6.6
-13.1
-
-
3.4
RevPAR
actual
(JPY)
16,509
21,098
12,077
7,652
-
-
14,221
year-on-year
(%)
42.6
19.9
43.8
-2.0
-
-
26.2
Gross Revenue
actual
(JPY mn)
95
105
76
47
-
-
324
year-on-year
(%)
37.3
13.0
32.3
-1.0
-
-
20.9
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
52.3
66.6
84.1
80.6
-
-
70.9
year-on-year
(points)
-31.3
-16.5
0.4
3.0
-
-
-11.1
ADR
actual
(JPY)
7,773
7,805
8,977
9,954
-
-
8,769
year-on-year
(%)
-12.3
-28.0
-22.2
-19.5
-
-
-19.3
RevPAR
actual
(JPY)
4,062
5,198
7,550
8,026
-
-
6,219
year-on-year
(%)
-45.1
-42.3
-21.8
-16.4
-
-
-30.2
Gross Revenue
actual
(JPY mn)
31
28
50
52
-
-
162
year-on-year
(%)
-36.9
-48.6
-22.0
-16.8
-
-
-30.2
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
53.4
64.1
65.3
63.3
-
-
61.4
year-on-year
(points)
1.3
5.4
-14.2
-14.8
-
-
-5.7
ADR
actual
(JPY)
7,211
7,484
8,148
8,656
-
-
7,907
year-on-year
(%)
10.7
4.0
5.1
-4.4
-
-
1.8
RevPAR
actual
(JPY)
3,854
4,796
5,317
5,478
-
-
4,858
year-on-year
(%)
13.5
13.6
-13.7
-22.5
-
-
-6.8
Gross Revenue
actual
(JPY mn)
76
79
104
92
-
-
353
year-on-year
(%)
13.5
7.6
-4.6
-17.6
-
-
-2.8
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
89.7
90.7
91.8
93.0
-
-
91.3
year-on-year
(points)
7.2
1.7
1.8
0.6
-
-
2.9
ADR
actual
(JPY)
8,263
8,858
9,259
11,661
-
-
9,525
year-on-year
(%)
0.9
-2.4
1.5
11.0
-
-
3.0
RevPAR
actual
(JPY)
7,410
8,035
8,501
10,847
-
-
8,697
year-on-year
(%)
9.7
-0.5
3.6
11.8
-
-
6.4
Gross Revenue
actual
(JPY mn)
42
41
47
58
-
-
189
year-on-year
(%)
8.4
-3.4
3.6
11.2
-
-
5.2
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
95.3
94.0
81.2
58.2
-
-
82.1
year-on-year
(points)
24.2
6.4
15.7
-1.7
-
-
11.2
ADR
actual
(JPY)
17,771
23,652
15,168
13,289
-
-
17,883
year-on-year
(%)
14.6
13.3
13.2
-5.8
-
-
9.7
RevPAR
actual
(JPY)
16,934
22,238
12,322
7,734
-
-
14,680
year-on-year
(%)
53.7
21.6
40.3
-8.4
-
-
27.1
Gross Revenue
actual
(JPY mn)
67
76
52
34
-
-
231
year-on-year
(%)
48.7
17.0
28.8
-7.2
-
-
22.4
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
79.3
93.7
89.1
89.6
-
-
87.8
year-on-year
(points)
3.1
6.1
7.2
11.2
-
-
6.8
ADR
actual
(JPY)
6,266
7,475
6,863
5,742
-
-
6,590
year-on-year
(%)
6.6
-2.2
-1.9
-9.1
-
-
-2.1
RevPAR
actual
(JPY)
4,971
7,003
6,113
5,146
-
-
5,784
year-on-year
(%)
11.0
4.6
6.8
3.9
-
-
6.2
Gross Revenue
actual
(JPY mn)
46
51
52
44
-
-
195
year-on-year
(%)
14.9
0.2
1.4
3.9
-
-
4.6
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
88.3
87.9
70.6
54.2
-
-
75.1
year-on-year
(points)
6.5
5.2
-0.4
1.6
-
-
3.1
ADR
actual
(JPY)
10,996
15,073
8,779
7,599
-
-
10,958
year-on-year
(%)
30.7
19.0
20.6
-3.0
-
-
19.2
RevPAR
actual
(JPY)
9,711
13,253
6,199
4,120
-
-
8,232
year-on-year
(%)
41.1
26.4
20.0
0.0
-
-
24.3
Gross Revenue
actual
(JPY mn)
211
201
160
132
-
-
706
year-on-year
(%)
20.6
9.2
6.9
-0.4
-
-
9.8
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
75.8
81.3
88.4
83.8
-
-
82.4
year-on-year
(points)
11.2
6.7
11.5
12.6
-
-
10.5
ADR
actual
(JPY)
9,322
10,633
9,740
9,510
-
-
9,788
year-on-year
(%)
21.2
12.0
9.2
8.5
-
-
12.0
RevPAR
actual
(JPY)
7,065
8,648
8,611
7,974
-
-
8,061
year-on-year
(%)
42.2
22.1
25.5
27.6
-
-
28.4
Gross Revenue
actual
(JPY mn)
64
69
77
70
-
-
282
year-on-year
(%)
17.9
5.5
15.8
18.3
-
-
14.1
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
93.7
97.0
82.0
49.6
-
-
80.4
year-on-year
(points)
26.0
8.6
15.3
11.0
-
-
15.2
ADR
actual
(JPY)
9,560
16,462
9,284
7,404
-
-
11,097
year-on-year
(%)
40.2
32.0
37.7
16.9
-
-
29.6
RevPAR
actual
(JPY)
8,961
15,964
7,611
3,674
-
-
8,924
year-on-year
(%)
93.9
44.8
69.3
50.3
-
-
59.8
Gross Revenue
actual
(JPY mn)
32
49
27
13
-
-
122
year-on-year
(%)
87.3
38.6
67.8
53.3
-
-
57.1
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
95.1
92.4
77.9
63.1
-
-
82.0
year-on-year
(points)
38.2
14.0
28.6
30.9
-
-
28.0
ADR
actual
(JPY)
10,255
17,710
9,897
7,734
-
-
11,641
year-on-year
(%)
10.0
6.4
14.5
-10.9
-
-
0.2
RevPAR
actual
(JPY)
9,754
16,357
7,711
4,880
-
-
9,548
year-on-year
(%)
83.7
25.5
81.0
74.5
-
-
52.3
Gross Revenue
actual
(JPY mn)
25
40
21
13
-
-
101
year-on-year
(%)
73.6
23.8
81.6
77.9
-
-
50.9
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
91.1
94.9
69.0
48.8
-
-
75.7
year-on-year
(points)
37.2
25.0
37.6
24.0
-
-
31.0
ADR
actual
(JPY)
7,899
14,467
8,579
6,110
-
-
9,692
year-on-year
(%)
40.6
22.1
37.4
0.0
-
-
19.2
RevPAR
actual
(JPY)
7,195
13,725
5,915
2,981
-
-
7,335
year-on-year
(%)
137.6
65.9
202.0
97.2
-
-
101.7
Gross Revenue
actual
(JPY mn)
17
30
14
7
-
-
71
year-on-year
(%)
129.2
59.3
189.5
97.8
-
-
96.9
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
88.2
95.9
94.8
96.8
-
-
93.8
year-on-year
(points)
5.9
3.8
-1.4
0.3
-
-
2.1
ADR
actual
(JPY)
6,907
7,546
8,465
8,163
-
-
7,790
year-on-year
(%)
12.5
5.8
9.4
5.6
-
-
7.9
RevPAR
actual
(JPY)
6,089
7,234
8,028
7,898
-
-
7,309
year-on-year
(%)
20.5
10.2
7.8
6.0
-
-
10.4
Gross Revenue
actual
(JPY mn)
13
14
17
17
-
-
62
year-on-year
(%)
19.2
5.5
6.8
7.4
-
-
9.1
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
68.8
71.1
72.3
77.8
-
-
72.5
year-on-year
(points)
13.5
3.3
0.0
3.0
-
-
5.0
ADR
actual
(JPY)
5,309
6,469
7,270
8,172
-
-
6,848
year-on-year
(%)
23.4
34.3
42.4
48.8
-
-
37.7
RevPAR
actual
(JPY)
3,650
4,598
5,255
6,358
-
-
4,963
year-on-year
(%)
53.6
40.8
42.3
54.7
-
-
47.8
Gross Revenue
actual
(JPY mn)
18
20
26
30
-
-
96
year-on-year
(%)
51.8
36.0
41.9
54.4
-
-
46.1
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
94.0
96.8
96.1
96.6
-
-
95.9
year-on-year
(points)
3.5
0.9
3.3
7.2
-
-
3.8
ADR
actual
(JPY)
5,710
7,014
6,367
5,363
-
-
6,100
year-on-year
(%)
5.9
1.3
-1.8
-10.4
-
-
-1.6
RevPAR
actual
(JPY)
5,370
6,787
6,119
5,182
-
-
5,847
year-on-year
(%)
10.0
2.3
1.7
-3.1
-
-
2.4
Gross Revenue
actual
(JPY mn)
13
14
14
12
-
-
55
year-on-year
(%)
13.2
0.0
1.3
-3.7
-
-
2.4
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
81.5
94.1
76.4
69.2
-
-
80.1
year-on-year
(points)
7.1
3.8
5.1
13.0
-
-
7.1
ADR
actual
(JPY)
9,220
9,694
8,751
8,255
-
-
9,026
year-on-year
(%)
4.6
10.3
2.7
1.0
-
-
4.8
RevPAR
actual
(JPY)
7,512
9,126
6,687
5,716
-
-
7,226
year-on-year
(%)
14.6
14.9
10.0
24.4
-
-
15.1
Gross Revenue
actual
(JPY mn)
17
19
15
12
-
-
65
year-on-year
(%)
13.7
8.9
12.1
23.5
-
-
13.6
(Note 1) This property was acquired on July 19, 2019.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
70.7
73.4
73.4
80.1
-
-
74.4
year-on-year
(points)
5.1
2.7
2.2
4.8
-
-
3.7
ADR
actual
(JPY)
9,760
9,561
9,633
9,885
-
-
9,715
year-on-year
(%)
4.9
2.3
2.8
3.4
-
-
3.3
RevPAR
actual
(JPY)
6,902
7,018
7,067
7,916
-
-
7,225
year-on-year
(%)
13.0
6.2
6.0
10.0
-
-
8.8
Gross Revenue
actual
(JPY mn)
218
191
215
242
-
-
867
year-on-year
(%)
8.4
2.2
2.3
8.3
-
-
5.4
(Note 1) This property was acquired on January 6, 2020.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
77.9
82.0
82.1
85.5
-
-
81.8
year-on-year
(points)
-3.6
2.7
-3.6
0.2
-
-
-1.2
ADR
actual
(JPY)
7,917
8,558
8,077
10,701
-
-
8,835
year-on-year
(%)
11.0
8.6
10.8
9.3
-
-
10.1
RevPAR
actual
(JPY)
6,167
7,015
6,631
9,144
-
-
7,229
year-on-year
(%)
6.1
12.2
6.1
9.6
-
-
8.6
Gross Revenue
actual
(JPY mn)
92
88
101
130
-
-
413
year-on-year
(%)
5.4
0.0
-2.3
22.0
-
-
6.6
(Note 1) This property was acquired on January 6, 2020.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
51.8
64.7
86.6
91.2
-
-
73.6
year-on-year
(points)
8.3
7.2
10.7
13.1
-
-
9.9
ADR
actual
(JPY)
27,366
22,120
33,143
34,253
-
-
30,175
year-on-year
(%)
-8.0
-4.5
-2.8
-2.8
-
-
-3.7
RevPAR
actual
(JPY)
14,184
14,315
28,686
31,223
-
-
22,221
year-on-year
(%)
9.4
7.4
10.9
13.5
-
-
11.3
Gross Revenue
actual
(JPY mn)
290
274
564
596
-
-
1,726
year-on-year
(%)
12.0
5.6
12.1
13.5
-
-
11.5
(Note 1) This property was acquired on August 1, 2023.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
70.3
86.9
83.3
86.3
-
-
81.5
year-on-year
(points)
5.2
9.9
1.5
5.0
-
-
5.3
ADR
actual
(JPY)
26,390
19,215
24,794
20,564
-
-
22,643
year-on-year
(%)
9.7
-5.9
8.2
-5.2
-
-
1.8
RevPAR
actual
(JPY)
18,553
16,698
20,645
17,745
-
-
18,458
year-on-year
(%)
18.5
6.1
10.2
0.7
-
-
8.9
Gross Revenue
actual
(JPY mn)
178
165
203
181
-
-
729
year-on-year
(%)
14.5
7.0
5.4
4.9
-
-
7.7
(Note 1) This property was acquired on August 1, 2023.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
79.5
86.6
92.4
92.1
-
-
87.6
year-on-year
(points)
-5.5
-4.6
-1.8
0.7
-
-
-2.8
ADR
actual
(JPY)
6,715
7,696
8,934
8,065
-
-
7,900
year-on-year
(%)
12.1
12.6
17.9
6.5
-
-
12.6
RevPAR
actual
(JPY)
5,339
6,663
8,256
7,429
-
-
6,924
year-on-year
(%)
4.9
6.8
15.5
7.4
-
-
9.1
Gross Revenue
actual
(JPY mn)
29
31
44
38
-
-
143
year-on-year
(%)
6.0
3.6
13.7
6.2
-
-
7.7
(Note 1) This property was acquired on August 1, 2023.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
77.9
80.4
76.5
80.6
-
-
78.8
year-on-year
(points)
4.7
0.8
2.3
4.4
-
-
3.1
ADR
actual
(JPY)
7,760
8,807
6,947
17,219
-
-
10,224
year-on-year
(%)
6.6
7.8
1.6
7.9
-
-
7.0
RevPAR
actual
(JPY)
6,047
7,079
5,313
13,875
-
-
8,056
year-on-year
(%)
13.5
8.9
4.8
14.2
-
-
11.3
Gross Revenue
actual
(JPY mn)
28
30
25
59
-
-
144
year-on-year
(%)
9.3
7.5
0.5
12.8
-
-
8.6
(Note 1) This property was acquired on August 1, 2023.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
85.8
92.4
93.7
94.0
-
-
91.4
year-on-year
(points)
0.9
0.2
-0.1
2.0
-
-
0.8
ADR
actual
(JPY)
8,108
11,738
10,653
10,854
-
-
10,344
year-on-year
(%)
15.6
39.7
8.4
11.2
-
-
17.7
RevPAR
actual
(JPY)
6,954
10,843
9,981
10,205
-
-
9,456
year-on-year
(%)
16.9
40.1
8.3
13.6
-
-
18.7
Gross Revenue
actual
(JPY mn)
31
41
42
43
-
-
158
year-on-year
(%)
15.4
30.4
7.4
12.8
-
-
15.8
(Note 1) This property was acquired on August 1, 2023.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
73.8
81.1
69.1
69.3
-
-
73.2
year-on-year
(points)
7.6
12.4
21.8
0.9
-
-
10.6
ADR
actual
(JPY)
12,486
10,052
11,055
14,980
-
-
12,097
year-on-year
(%)
-9.4
-15.5
-12.0
3.5
-
-
-8.6
RevPAR
actual
(JPY)
9,219
8,154
7,641
10,374
-
-
8,851
year-on-year
(%)
1.0
-0.3
28.5
4.8
-
-
7.0
Gross Revenue
actual
(JPY mn)
54
46
47
51
-
-
199
year-on-year
(%)
13.2
14.3
38.1
7.1
-
-
16.8
(Note 1) This property was acquired on August 1, 2023.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
79.7
77.3
83.7
97.8
-
-
84.7
year-on-year
(points)
6.3
-4.3
0.0
21.4
-
-
5.9
ADR
actual
(JPY)
15,858
16,489
18,818
21,745
-
-
18,447
year-on-year
(%)
13.3
2.2
-1.3
17.2
-
-
8.5
RevPAR
actual
(JPY)
12,646
12,738
15,743
21,259
-
-
15,621
year-on-year
(%)
23.0
-3.2
-1.3
50.1
-
-
16.7
Gross Revenue
actual
(JPY mn)
516
484
538
573
-
-
2,113
year-on-year
(%)
9.4
-4.4
-1.1
24.3
-
-
6.5
(Note 1) This property was acquired on July 31, 2024.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
75.8
73.1
82.7
80.7
-
-
78.2
year-on-year
(points)
23.2
11.8
11.5
-1.0
-
-
11.5
ADR
actual
(JPY)
13,066
13,030
11,909
16,551
-
-
13,642
year-on-year
(%)
5.4
4.9
3.7
-0.6
-
-
1.5
RevPAR
actual
(JPY)
9,904
9,523
9,845
13,360
-
-
10,664
year-on-year
(%)
51.7
25.2
20.6
-1.8
-
-
19.0
Gross Revenue
actual
(JPY mn)
255
230
258
304
-
-
1,050
year-on-year
(%)
40.0
22.3
19.5
4.6
-
-
19.4
(Note 1) This property was acquired on July 31, 2024.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
93.0
94.2
95.0
96.0
-
-
94.6
year-on-year
(points)
1.3
0.6
0.1
0.9
-
-
0.7
ADR
actual
(JPY)
19,580
20,612
22,692
27,067
-
-
22,529
year-on-year
(%)
29.6
15.7
6.8
30.1
-
-
20.0
RevPAR
actual
(JPY)
18,204
19,420
21,567
25,997
-
-
21,304
year-on-year
(%)
31.5
16.5
6.9
31.3
-
-
20.9
Gross Revenue
actual
(JPY mn)
190
141
158
181
-
-
671
year-on-year
(%)
21.2
12.4
7.0
25.9
-
-
16.8
(Note 1) This property was acquired on July 31, 2024.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
86.8
89.1
83.4
83.6
-
-
85.7
year-on-year
(points)
14.7
11.6
-3.6
2.7
-
-
6.2
ADR
actual
(JPY)
8,873
11,406
11,035
9,803
-
-
10,258
year-on-year
(%)
5.1
10.8
16.9
11.1
-
-
11.0
RevPAR
actual
(JPY)
7,706
10,161
9,202
8,198
-
-
8,788
year-on-year
(%)
26.5
27.4
12.1
14.8
-
-
19.7
Gross Revenue
actual
(JPY mn)
53
61
62
54
-
-
232
year-on-year
(%)
32.4
33.7
21.2
18.8
-
-
26.2
(Note 1) This property was acquired on July 31, 2024.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
55.1
74.8
66.3
73.1
-
-
67.1
year-on-year
(points)
-7.4
2.6
-3.8
5.9
-
-
-0.9
ADR
actual
(JPY)
7,751
8,425
7,247
16,876
-
-
10,282
year-on-year
(%)
4.8
9.5
2.6
11.3
-
-
10.7
RevPAR
actual
(JPY)
4,270
6,304
4,808
12,336
-
-
6,900
year-on-year
(%)
-7.7
13.4
-3.0
21.1
-
-
9.3
Gross Revenue
actual
(JPY mn)
44
55
53
100
-
-
254
year-on-year
(%)
-7.0
8.4
-8.4
17.9
-
-
4.6
(Note 1) This property was acquired on July 31, 2024.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
76.3
92.4
95.0
91.2
-
-
88.6
year-on-year
(points)
-6.5
2.2
0.8
5.8
-
-
0.5
ADR
actual
(JPY)
39,109
32,014
32,464
29,541
-
-
33,081
year-on-year
(%)
14.2
-2.6
-6.8
-4.0
-
-
-0.5
RevPAR
actual
(JPY)
29,842
29,582
30,845
26,927
-
-
29,312
year-on-year
(%)
5.3
-0.2
-6.0
2.6
-
-
0.1
Gross Revenue
actual
(JPY mn)
94
89
103
89
-
-
377
year-on-year
(%)
8.3
4.3
3.2
11.9
-
-
6.7
(Note 1) This property was acquired on July 31, 2024.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
86.6
88.4
87.4
83.6
-
-
86.5
year-on-year
(points)
5.6
3.5
1.3
-0.8
-
-
2.4
ADR
actual
(JPY)
7,445
9,063
8,819
7,243
-
-
8,141
year-on-year
(%)
2.3
-6.2
-0.4
-5.1
-
-
-2.6
RevPAR
actual
(JPY)
6,450
8,012
7,710
6,053
-
-
7,041
year-on-year
(%)
9.3
-2.3
1.2
-6.0
-
-
0.2
Gross Revenue
actual
(JPY mn)
74
75
82
63
-
-
296
year-on-year
(%)
6.3
-8.7
-5.0
-10.8
-
-
-4.7
(Note 1) This property was acquired on July 31, 2024.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
91.8
93.1
93.4
93.4
-
-
92.9
year-on-year
(points)
4.8
1.7
3.6
7.3
-
-
4.4
ADR
actual
(JPY)
10,506
13,429
12,771
10,463
-
-
11,767
year-on-year
(%)
1.7
14.4
8.4
9.8
-
-
8.3
RevPAR
actual
(JPY)
9,646
12,500
11,929
9,773
-
-
10,934
year-on-year
(%)
7.4
16.5
12.8
19.2
-
-
13.7
Gross Revenue
actual
(JPY mn)
93
111
133
117
-
-
455
year-on-year
(%)
6.7
4.9
7.6
14.3
-
-
8.4
(Note 1) This property was acquired on July 31, 2024.
(Note 2) There is a building operating as "Suisui Garden Ryokan" on the property site. The building is not owned by INV, but INV has agreed with the owner of the building to include the revenue from the operation of the building in the GOP of the property and collect it as part of the property's rent, assuming that INV will bear repair costs, etc. of the building. Therefore, the number of guest rooms of the property is 93, including the three guest rooms of the "Suisui Garden Ryokan".
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
86.7
86.1
83.3
79.9
-
-
84.0
year-on-year
(points)
5.0
4.6
2.5
3.9
-
-
4.0
ADR
actual
(JPY)
10,665
18,027
11,150
8,757
-
-
12,097
year-on-year
(%)
10.5
4.4
-1.2
-10.7
-
-
1.1
RevPAR
actual
(JPY)
9,251
15,528
9,291
6,995
-
-
10,162
year-on-year
(%)
17.2
10.3
1.9
-6.1
-
-
6.1
Gross Revenue
actual
(JPY mn)
69
83
65
48
-
-
266
year-on-year
(%)
17.6
6.6
-0.9
-6.1
-
-
4.6
(Note 1) This property was acquired on July 31, 2024.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
76.3
82.2
85.0
74.8
-
-
79.6
year-on-year
(points)
16.9
4.4
7.8
4.2
-
-
8.4
ADR
actual
(JPY)
8,993
9,744
9,872
8,277
-
-
9,249
year-on-year
(%)
8.6
-3.2
1.6
-7.0
-
-
-0.6
RevPAR
actual
(JPY)
6,865
8,009
8,396
6,188
-
-
7,358
year-on-year
(%)
39.6
2.2
11.8
-1.5
-
-
11.2
Gross Revenue
actual
(JPY mn)
72
74
89
67
-
-
304
year-on-year
(%)
27.0
-1.9
7.2
2.3
-
-
7.6
(Note 1) This property was acquired on July 31, 2024.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
78.6
82.8
94.6
92.6
-
-
87.2
year-on-year
(points)
21.9
3.9
7.0
4.2
-
-
9.4
ADR
actual
(JPY)
18,056
15,137
20,573
19,586
-
-
18,521
year-on-year
(%)
0.8
-3.9
0.9
-2.9
-
-
-1.1
RevPAR
actual
(JPY)
14,197
12,535
19,467
18,144
-
-
16,157
year-on-year
(%)
39.7
0.8
9.0
1.7
-
-
10.8
Gross Revenue
actual
(JPY mn)
50
43
71
63
-
-
227
year-on-year
(%)
23.9
-4.0
9.0
4.8
-
-
7.9
(Note 1) This property was acquired on July 31, 2024.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
80.5
89.3
87.6
85.2
-
-
85.6
year-on-year
(points)
11.6
15.1
-2.1
1.4
-
-
6.4
ADR
actual
(JPY)
19,136
15,534
20,418
20,399
-
-
18,912
year-on-year
(%)
11.7
-1.3
15.7
28.9
-
-
13.8
RevPAR
actual
(JPY)
15,403
13,870
17,894
17,371
-
-
16,181
year-on-year
(%)
30.5
18.8
13.0
31.1
-
-
22.9
Gross Revenue
actual
(JPY mn)
51
45
58
52
-
-
208
year-on-year
(%)
29.0
24.3
14.7
21.0
-
-
21.7
(Note 1) This property was acquired on July 31, 2024.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
84.1
87.4
90.5
79.3
-
-
85.3
year-on-year
(points)
3.6
5.9
0.6
-2.9
-
-
1.7
ADR
actual
(USD)
766
809
821
759
-
-
789
year-on-year
(%)
4.6
12.1
4.7
9.0
-
-
7.4
RevPAR
actual
(USD)
644
707
743
601
-
-
673
year-on-year
(%)
9.3
20.2
5.4
5.2
-
-
9.6
Gross Revenue
actual
(USD'000)
11,756
10,963
13,267
10,607
-
-
46,594
year-on-year
(%)
3.9
6.3
-3.6
-3.2
-
-
0.5
(Note 1) This property was acquired on Septemer 28, 2018.
2025/01
2025/02
2025/03
2025/04
2025/05
2025/06
2025/01~06
Occupancy Rate
actual
(%)
37.8
45.6
2.1
0.0
-
-
21.0
year-on-year
(points)
-43.8
-43.2
-87.1
-74.5
-
-
-62.6
ADR
actual
(USD)
377
355
345
0
-
-
368
year-on-year
(%)
12.8
13.1
1.5
-100.0
-
-
15.2
RevPAR
actual
(USD)
143
162
7
3
-
-
77
year-on-year
(%)
-47.6
-42.0
-97.6
-98.6
-
-
-71.1
Gross Revenue
actual
(USD'000)
886
904
57
11
-
-
1,859
year-on-year
(%)
-41.0
-37.9
-96.7
-99.0
-
-
-68.4
(Note 1) This property was acquired on Septemer 28, 2018.
(Note 2) Renovation Period: August 2024 - October 2025 (scheduled).