Hotel Performance

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Domestic Hotels Total
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
# of Properties (Note2) actual - 73 (83) 73 (83) 73 (83) 73 (83) 73 (83) 73 (83) 73 (83)
Occupancy Rate actual (%) 30.1 28.4 37.3 38.5 32.8 36.7 34.0
ADR actual (JPY) 5,674 5,986 6,725 6,618 7,149 5,886 6,371
RevPAR actual (JPY) 1,709 1,699 2,510 2,550 2,348 2,162 2,169
Gross Revenue actual (JPY mn) 1,238 1,164 2,063 1,711 1,654 1,535 9,367
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
# of Properties (Note2) actual - 73 (83) 73 (83) 72 (83) 72 (83) 73 (83) 73 (83) 73 (83)
Occupancy Rate actual (%) 48.1 44.8 41.8 52.8 59.9 61.0 51.4
ADR actual (JPY) 7,602 8,299 6,204 6,457 6,941 7,544 7,187
RevPAR actual (JPY) 3,654 3,719 2,591 3,411 4,156 4,603 3,695
Gross Revenue actual (JPY mn) 2,271 2,228 1,664 2,229 2,528 2,729 13,650
Overseas Hotels Total
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
# of Properties (Note2) actual - 2 2 2 2 2 2 2
Occupancy Rate actual (%) 6.6 10.9 7.9 7.4 5.9 8.9 7.9
ADR actual (USD) 176 171 154 134 136 187 162
RevPAR actual (USD) 12 19 12 10 8 17 13
Gross Revenue actual (USD'000) 509 749 585 580 409 768 3,602
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
# of Properties (Note2) actual - 2 2 2 2 2 2 2
Occupancy Rate actual (%) 13.4 14.1 13.8 17.0 12.5 18.6 14.9
ADR actual (USD) 185 181 154 155 166 286 193
RevPAR actual (USD) 25 25 21 26 21 53 29
Gross Revenue actual (USD'000) 999 1,004 852 889 762 2,782 7,291
  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. Gross Revenue from January to December 2021 includes the amounts of employment adjustment subsidies to be received by the hotel operators. The hotel operator confirmed the amounts of employment adjustment subsidies corresponding to the period of January to December 2021, and retroactively booked these allowances as part of each property's total revenue in each month.
  7. D21 APA Hotel Yokohama-Kannai has been accepting COVID-19 patients with mild or no symptoms since August 4, 2020 and D57 Hotel MyStays Oita accepted COVID-19 patients with mild or no symptoms fromAugust 30, 2021 to October 31, 2021 respectively. KPI during the period are not disclosed as the consent from the parties concerned has not been obtained, it is also excluded from the performance calculation for each month and the total above.
  8. 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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2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 20.5 23.8 28.6 33.7 24.8 39.3 28.4
year-on-year (points) -60.5 -51.0 -28.9 -4.1 -3.8 7.4 -23.4
ADR actual (JPY) 3,680 3,880 3,859 3,991 3,970 3,442 3,787
year-on-year (%) -49.8 -43.6 -17.0 -12.2 0.4 -13.4 -33.9
RevPAR actual (JPY) 753 924 1,106 1,346 984 1,352 1,077
year-on-year (%) -87.3 -82.0 -58.6 -21.8 -13.0 6.8 -63.7
Gross Revenue actual (JPY mn) 4 4 5 5 4 5 31
year-on-year (%) -82.0 -75.1 -47.0 -18.6 -5.7 11.8 -56.1
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 39.5 37.9 41.7 61.0 61.2 56.1 49.5
year-on-year (points) 9.4 5.8 13.7 11.8 14.8 8.0 10.5
ADR actual (JPY) 3,970 3,698 3,617 3,526 3,599 4,879 3,893
year-on-year (%) -2.2 -9.6 -8.0 -4.5 -11.5 33.1 0.1
RevPAR actual (JPY) 1,566 1,403 1,508 2,150 2,204 2,738 1,929
year-on-year (%) 28.3 6.6 37.0 18.5 16.6 55.1 27.1
Gross Revenue actual (JPY mn) 7 6 6 8 8 11 49
year-on-year (%) 40.6 -7.6 23.3 16.4 12.1 42.7 20.8
    (Note 1) This property was acquired on May 23, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 56.5 11.5 11.9 20.4 21.4 37.3 26.7
year-on-year (points) -34.3 -68.2 -22.1 2.6 13.2 31.7 -12.5
ADR actual (JPY) 3,177 3,617 3,672 4,138 3,537 3,233 3,428
year-on-year (%) -40.0 -27.3 -13.7 -28.4 -19.8 -25.9 -31.7
RevPAR actual (JPY) 1,795 415 438 845 757 1,205 916
year-on-year (%) -62.7 -89.5 -69.8 -17.8 109.6 398.3 -53.4
Gross Revenue actual (JPY mn) 9 3 3 5 4 6 33
year-on-year (%) -61.0 -84.8 -55.4 -20.4 44.2 151.1 -49.3
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 20.9 20.3 30.0 46.9 23.6 35.4 29.6
year-on-year (points) 12.2 8.9 21.0 30.4 -17.4 -24.4 5.2
ADR actual (JPY) 3,696 3,581 3,212 2,987 3,859 4,226 3,541
year-on-year (%) -1.1 -1.3 -10.5 -11.9 21.6 33.7 7.7
RevPAR actual (JPY) 774 727 962 1,402 911 1,496 1,047
year-on-year (%) 136.8 76.3 200.1 149.5 -30.0 -20.8 30.5
Gross Revenue actual (JPY mn) 4 4 5 7 5 8 37
year-on-year (%) 37.9 21.9 10.3 104.6 -30.1 -23.2 4.9
    (Note 1) This property was acquired on May 23, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 10.9 12.9 20.8 15.6 17.5 16.2 15.7
year-on-year (points) -69.5 -42.2 -8.3 6.9 17.5 16.2 -13.2
ADR actual (JPY) 4,407 4,066 5,326 4,801 3,770 3,674 4,389
year-on-year (%) -35.6 -35.9 -19.3 -1.7 - - -32.7
RevPAR actual (JPY) 480 526 1,106 747 660 594 688
year-on-year (%) -91.3 -85.0 -42.4 76.4 - - -63.5
Gross Revenue actual (JPY mn) 5 5 12 7 7 6 45
year-on-year (%) -86.6 -79.3 -26.5 17.4 75.8 434.5 -54.7
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 24.5 23.5 26.1 31.1 54.6 54.2 35.6
year-on-year (points) 8.6 0.9 -4.6 -3.4 25.3 36.4 10.6
ADR actual (JPY) 4,074 3,632 3,762 3,826 6,164 4,845 4,672
year-on-year (%) -21.6 -11.3 -18.8 -11.0 -50.1 -17.7 -24.1
RevPAR actual (JPY) 996 852 980 1,191 3,367 2,624 1,663
year-on-year (%) 21.3 -7.7 -30.9 -19.7 -6.9 150.7 7.9
Gross Revenue actual (JPY mn) 8 7 8 11 25 21 84
year-on-year (%) 8.2 -10.1 -28.3 -12.2 -7.8 119.6 5.5
    (Note 1) This property was acquired on July 17, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 25.7 25.7 34.7 43.0 27.1 37.0 32.2
year-on-year (points) -60.4 -46.3 15.6 17.0 4.0 12.5 -9.4
ADR actual (JPY) 5,866 4,890 5,283 5,398 5,807 4,977 5,357
year-on-year (%) -35.2 -44.2 -9.1 -0.9 12.8 4.7 -29.2
RevPAR actual (JPY) 1,506 1,255 1,832 2,322 1,573 1,839 1,725
year-on-year (%) -80.7 -80.1 65.7 63.7 32.2 58.0 -45.2
Gross Revenue actual (JPY mn) 11 10 17 22 12 25 100
year-on-year (%) -77.6 -75.9 42.6 39.9 -22.2 81.6 -34.9
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 32.5 34.0 44.2 42.5 57.3 64.4 45.8
year-on-year (points) 3.8 5.7 10.4 -3.1 9.5 23.2 8.2
ADR actual (JPY) 5,874 5,247 5,079 5,223 5,956 8,851 6,291
year-on-year (%) 4.2 -18.4 -18.9 -4.0 -13.4 31.2 0.6
RevPAR actual (JPY) 1,910 1,783 2,243 2,219 3,410 5,702 2,878
year-on-year (%) 17.9 -1.9 6.0 -10.5 3.8 104.8 22.7
Gross Revenue actual (JPY mn) 15 20 18 22 26 38 142
year-on-year (%) 33.3 27.2 25.0 20.4 9.2 91.0 34.6
    (Note 1) This property was acquired on July 17, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 24.4 21.4 32.0 42.9 29.7 48.3 33.2
year-on-year (points) -70.4 -57.2 27.6 39.8 28.7 42.9 2.2
ADR actual (JPY) 10,308 7,810 8,565 9,209 10,533 7,329 8,850
year-on-year (%) -29.5 -43.6 -34.0 -3.9 60.9 -3.1 -36.5
RevPAR actual (JPY) 2,512 1,674 2,745 3,946 3,126 3,537 2,935
year-on-year (%) -81.9 -84.6 376.0 1,256.5 4,833.4 770.8 -32.1
Gross Revenue actual (JPY mn) 9 6 15 13 11 12 68
year-on-year (%) -77.8 -79.7 303.6 385.1 428.9 326.4 -20.5
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 52.2 43.7 55.2 54.2 85.3 93.3 63.9
year-on-year (points) 14.3 -11.6 -3.9 -19.5 19.0 25.9 4.0
ADR actual (JPY) 9,376 9,592 7,750 7,882 9,123 14,343 10,125
year-on-year (%) -3.6 -13.9 -15.4 -17.4 -26.9 15.6 -6.4
RevPAR actual (JPY) 4,889 4,187 4,280 4,271 7,782 13,377 6,469
year-on-year (%) 33.0 -32.0 -21.0 -39.3 -5.9 60.2 -0.2
Gross Revenue actual (JPY mn) 16 14 14 14 24 41 125
year-on-year (%) 37.9 -26.3 -21.1 -33.6 -2.7 56.3 1.7
    (Note 1) This property was acquired on July 17, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 32.4 41.3 59.5 41.5 31.7 45.2 41.9
year-on-year (points) -57.7 -39.2 11.9 16.8 -19.0 -22.6 -18.2
ADR actual (JPY) 6,140 6,316 6,993 6,309 5,553 5,449 6,202
year-on-year (%) -29.3 -20.9 1.7 7.7 6.0 -16.5 -13.9
RevPAR actual (JPY) 1,988 2,608 4,161 2,618 1,761 2,466 2,601
year-on-year (%) -74.6 -59.4 27.2 80.7 -33.7 -44.3 -40.0
Gross Revenue actual (JPY mn) 15 22 26 18 15 18 115
year-on-year (%) -63.2 -36.7 13.6 26.1 -23.4 -31.0 -28.3
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 53.1 50.5 52.2 68.7 80.3 83.2 64.7
year-on-year (points) -7.7 -0.6 -9.7 -15.2 23.4 41.1 5.2
ADR actual (JPY) 5,646 6,488 5,158 5,323 5,867 7,677 6,120
year-on-year (%) -8.0 8.9 -6.5 -14.4 -18.2 21.6 -1.4
RevPAR actual (JPY) 2,997 3,279 2,694 3,655 4,711 6,388 3,957
year-on-year (%) -19.6 7.7 -21.2 -29.9 15.3 140.1 7.2
Gross Revenue actual (JPY mn) 20 22 19 23 27 35 147
year-on-year (%) -16.5 1.7 -24.6 -23.9 10.5 83.7 1.0
    (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.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 25.8 26.0 33.7 34.4 27.1 37.4 30.8
year-on-year (points) -62.0 -58.5 -18.0 3.2 -0.3 -9.1 -23.9
ADR actual (JPY) 4,500 4,740 4,946 4,614 4,641 4,467 4,651
year-on-year (%) -24.9 -30.9 0.3 3.0 12.1 8.9 -15.0
RevPAR actual (JPY) 1,160 1,232 1,669 1,585 1,258 1,673 1,430
year-on-year (%) -78.0 -78.7 -34.6 13.7 10.7 -12.4 -52.2
Gross Revenue actual (JPY mn) 12 12 20 16 14 18 95
year-on-year (%) -75.1 -75.0 -27.3 4.9 6.0 -10.8 -47.5
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 41.8 57.3 55.8 66.8 70.4 74.6 61.1
year-on-year (points) -10.9 17.1 17.8 13.8 29.3 35.6 17.1
ADR actual (JPY) 4,653 4,386 3,816 4,035 4,126 4,645 4,272
year-on-year (%) 4.2 -1.2 -12.7 -11.0 -24.2 -5.5 -8.7
RevPAR actual (JPY) 1,943 2,512 2,129 2,694 2,905 3,465 2,609
year-on-year (%) -17.3 41.1 28.0 12.2 29.9 80.6 26.7
Gross Revenue actual (JPY mn) 20 27 20 26 28 34 158
year-on-year (%) -19.6 35.8 21.2 7.6 26.9 69.0 21.3
    (Note 1) This property was acquired on July 17, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 16.1 11.6 21.7 29.5 24.0 26.6 21.7
year-on-year (points) -55.0 -42.4 -2.8 7.0 -2.2 -5.8 -16.7
ADR actual (JPY) 3,331 3,635 3,622 3,632 3,250 3,133 3,418
year-on-year (%) -33.3 -23.2 -10.4 -7.7 -7.9 -10.1 -21.4
RevPAR actual (JPY) 537 423 786 1,070 779 835 741
year-on-year (%) -84.9 -83.4 -20.6 21.2 -15.5 -26.1 -55.6
Gross Revenue actual (JPY mn) 4 3 6 7 5 5 32
year-on-year (%) -81.6 -79.2 -6.0 17.8 -19.6 -23.9 -50.3
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 33.5 25.4 32.9 41.9 51.1 64.2 41.5
year-on-year (points) 9.1 5.3 14.2 13.7 34.8 47.5 20.7
ADR actual (JPY) 3,080 3,188 2,955 2,893 3,084 3,567 3,171
year-on-year (%) -22.6 -13.3 -11.2 -15.7 -32.5 0.2 -14.9
RevPAR actual (JPY) 1,033 810 973 1,213 1,575 2,291 1,316
year-on-year (%) 6.2 9.3 56.1 25.2 112.0 285.5 69.9
Gross Revenue actual (JPY mn) 7 5 6 8 9 14 52
year-on-year (%) 11.4 11.4 43.8 25.6 99.4 196.5 59.7
    (Note 1) This property was acquired on July 17, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 41.2 41.1 56.7 55.1 59.2 60.4 52.4
year-on-year (points) -51.0 -48.5 -12.9 21.2 -3.4 1.2 -15.4
ADR actual (JPY) 4,871 4,478 4,668 5,064 5,021 5,026 4,878
year-on-year (%) -18.1 -18.7 -2.9 17.5 1.3 8.4 -5.7
RevPAR actual (JPY) 2,007 1,842 2,647 2,791 2,972 3,036 2,557
year-on-year (%) -63.4 -62.7 -20.9 90.9 -4.2 10.6 -27.2
Gross Revenue actual (JPY mn) 12 11 18 18 20 20 102
year-on-year (%) -67.0 -64.6 -15.6 64.3 -0.3 19.5 -27.7
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 64.8 74.2 69.9 77.6 77.0 86.0 74.9
year-on-year (points) 6.6 6.0 -1.8 2.0 10.3 4.2 4.6
ADR actual (JPY) 5,515 5,036 4,536 4,669 5,977 7,832 5,664
year-on-year (%) 15.2 11.4 -3.2 -10.1 3.0 57.1 13.4
RevPAR actual (JPY) 3,575 3,737 3,170 3,623 4,602 6,733 4,244
year-on-year (%) 28.3 21.3 -5.5 -7.7 18.9 65.3 20.8
Gross Revenue actual (JPY mn) 23 25 22 24 30 46 172
year-on-year (%) 29.7 18.9 6.4 -1.3 29.8 81.9 28.5
    (Note 1) This property was acquired on July 17, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 45.0 24.1 22.6 28.9 16.6 16.1 25.6
year-on-year (points) -44.1 -59.3 -35.0 6.6 -0.7 -1.6 -22.2
ADR actual (JPY) 3,408 3,646 3,802 3,878 3,868 3,798 3,682
year-on-year (%) -40.9 -33.2 -7.3 1.3 -4.0 -3.2 -25.9
RevPAR actual (JPY) 1,533 879 858 1,120 641 613 943
year-on-year (%) -70.1 -80.7 -63.6 31.3 -7.9 -12.0 -60.3
Gross Revenue actual (JPY mn) 4 2 2 3 2 1 17
year-on-year (%) -69.1 -79.2 -58.5 17.6 8.8 -24.6 -57.8
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 28.7 39.3 43.4 47.9 53.2 60.7 45.5
year-on-year (points) 11.7 20.2 23.2 16.1 -2.5 14.3 13.9
ADR actual (JPY) 3,775 3,523 3,406 3,448 3,791 4,119 3,703
year-on-year (%) -3.7 1.4 -2.7 0.9 2.2 14.2 2.6
RevPAR actual (JPY) 1,083 1,386 1,478 1,653 2,018 2,501 1,686
year-on-year (%) 62.6 108.0 109.2 52.0 -2.5 49.4 47.6
Gross Revenue actual (JPY mn) 3 4 4 4 5 7 30
year-on-year (%) 22.3 82.8 78.3 39.2 -5.5 40.7 34.1
    (Note 1) This property was acquired on July 17, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 26.1 13.6 21.1 25.4 18.1 18.6 20.6
year-on-year (points) -67.5 -75.6 -36.0 8.9 6.2 -5.9 -28.1
ADR actual (JPY) 3,545 4,191 4,246 4,388 4,360 4,389 4,156
year-on-year (%) -36.4 -36.1 -8.2 -1.1 10.2 7.1 -23.3
RevPAR actual (JPY) 926 570 898 1,115 790 818 856
year-on-year (%) -82.3 -90.3 -66.0 52.0 67.0 -18.7 -67.5
Gross Revenue actual (JPY mn) 6 4 7 7 5 5 35
year-on-year (%) -79.8 -86.4 -54.9 44.3 22.9 -23.1 -62.2
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 42.3 24.8 23.1 39.5 54.3 60.2 40.7
year-on-year (points) 4.7 2.0 -8.9 0.2 8.5 23.3 5.0
ADR actual (JPY) 4,449 3,985 3,631 3,682 4,005 4,946 4,228
year-on-year (%) 5.8 -1.3 -9.7 -10.6 -32.0 7.9 -7.3
RevPAR actual (JPY) 1,883 989 840 1,456 2,175 2,976 1,722
year-on-year (%) 19.0 7.3 -34.8 -10.1 -19.3 75.9 5.7
Gross Revenue actual (JPY mn) 11 6 5 9 12 17 62
year-on-year (%) 9.2 -1.7 -33.1 -11.5 -22.3 67.6 0.3
    (Note 1) This property was acquired on July 17, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 48.5 69.2 61.1 68.7 52.8 64.2 60.5
year-on-year (points) -43.0 -13.5 -2.2 15.5 -12.1 17.7 -6.5
ADR actual (JPY) 4,642 5,217 4,864 5,482 4,366 4,977 4,958
year-on-year (%) -35.7 -34.9 -11.0 5.7 -10.5 17.0 -18.8
RevPAR actual (JPY) 2,251 3,609 2,971 3,766 2,304 3,195 3,001
year-on-year (%) -65.9 -45.5 -14.1 36.4 -27.3 61.5 -26.6
Gross Revenue actual (JPY mn) 5 7 7 8 5 7 42
year-on-year (%) -56.7 -38.5 -5.5 23.3 -28.3 43.4 -21.3
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 66.6 67.2 52.9 55.5 65.0 65.6 62.2
year-on-year (points) 14.0 7.4 10.7 -2.1 10.1 18.6 9.8
ADR actual (JPY) 5,116 5,342 4,575 4,086 4,519 5,607 4,913
year-on-year (%) 12.8 19.1 8.9 -11.0 -13.5 7.9 4.3
RevPAR actual (JPY) 3,410 3,590 2,422 2,270 2,936 3,676 3,055
year-on-year (%) 42.8 34.0 36.6 -14.2 2.5 50.6 23.8
Gross Revenue actual (JPY mn) 8 8 5 5 6 8 42
year-on-year (%) 21.5 0.0 47.2 -13.5 5.3 35.5 13.3
    (Note 1) This property was acquired on July 17, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 76.1 17.0 13.0 13.8 21.8 26.7 28.3
year-on-year (points) -16.8 -62.7 -33.4 -2.5 8.9 18.4 -14.3
ADR actual (JPY) 3,110 3,324 3,485 3,321 3,327 3,243 3,226
year-on-year (%) -46.2 -37.8 -10.9 -20.2 -19.4 -16.2 -36.2
RevPAR actual (JPY) 2,366 564 454 458 726 866 914
year-on-year (%) -55.9 -86.8 -75.0 -32.2 36.2 170.2 -57.6
Gross Revenue actual (JPY mn) 5 1 1 1 2 2 14
year-on-year (%) -53.7 -82.8 -60.1 -19.3 24.8 112.7 -50.8
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 38.1 33.0 27.7 31.0 17.5 38.9 31.1
year-on-year (points) 28.0 24.4 18.8 12.2 -48.8 -35.9 -0.1
ADR actual (JPY) 3,357 3,276 3,320 3,356 3,940 4,041 3,535
year-on-year (%) -8.5 -9.7 -5.5 -4.6 17.8 33.4 8.0
RevPAR actual (JPY) 1,280 1,082 919 1,041 691 1,573 1,101
year-on-year (%) 243.1 246.4 192.9 57.6 -68.9 -30.6 7.7
Gross Revenue actual (JPY mn) 3 2 2 2 1 3 16
year-on-year (%) 128.1 151.9 126.9 51.4 -66.3 -30.8 2.9
    (Note 1) This property was acquired on July 17, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 55.6 71.1 78.2 78.5 70.4 51.9 67.6
year-on-year (points) -38.2 -22.3 8.0 10.0 19.2 0.4 -3.7
ADR actual (JPY) 4,445 4,281 4,170 4,670 4,743 4,396 4,454
year-on-year (%) -36.8 -41.6 -16.5 3.8 1.5 1.0 -22.4
RevPAR actual (JPY) 2,471 3,044 3,260 3,668 3,338 2,280 3,010
year-on-year (%) -62.5 -55.5 -6.9 19.0 39.5 1.7 -26.5
Gross Revenue actual (JPY mn) 4 5 6 6 6 4 33
year-on-year (%) -58.2 -53.9 3.0 23.3 36.4 -0.7 -22.4
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 75.0 64.2 59.9 68.9 78.8 70.6 69.6
year-on-year (points) 18.7 11.6 0.3 -11.5 5.3 1.0 4.2
ADR actual (JPY) 4,591 4,991 4,628 4,395 4,644 5,250 4,748
year-on-year (%) 2.9 14.4 6.9 2.9 7.8 17.5 8.8
RevPAR actual (JPY) 3,444 3,202 2,774 3,026 3,659 3,707 3,303
year-on-year (%) 37.0 39.7 7.4 -11.9 15.6 19.1 15.9
Gross Revenue actual (JPY mn) 6 5 4 5 6 6 35
year-on-year (%) 27.4 32.9 5.7 -14.9 9.2 15.1 10.9
    (Note 1) This property was acquired on July 17, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 31.3 33.7 28.5 23.9 19.0 22.7 26.4
year-on-year (points) -38.1 -38.8 -15.3 -48.1 -40.0 -37.1 -36.2
ADR actual (JPY) 4,305 4,384 4,466 4,744 4,540 4,332 4,449
year-on-year (%) -10.0 -7.0 4.5 1.8 4.8 0.7 -2.0
RevPAR actual (JPY) 1,347 1,480 1,271 1,135 862 984 1,176
year-on-year (%) -59.4 -56.7 -32.0 -66.2 -66.3 -61.8 -58.6
Gross Revenue actual (JPY mn) 5 5 5 4 3 4 30
year-on-year (%) -59.9 -57.8 -31.1 -66.2 -66.9 -62.2 -58.9
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 24.2 29.3 25.2 17.4 22.8 37.2 26.1
year-on-year (points) -18.5 1.8 2.2 -5.9 -1.2 8.0 -2.3
ADR actual (JPY) 4,613 4,452 4,126 4,507 4,427 4,357 4,406
year-on-year (%) 8.8 1.9 -5.4 2.8 -0.8 7.1 2.5
RevPAR actual (JPY) 1,118 1,306 1,041 784 1,010 1,622 1,148
year-on-year (%) -38.3 8.3 3.6 -23.2 -5.8 36.1 -5.9
Gross Revenue actual (JPY mn) 4 5 4 3 4 6 29
year-on-year (%) -40.8 -4.5 -2.1 -24.7 -11.7 22.8 -12.5
    (Note 1) This property was acquired on July 17, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 39.5 20.7 20.2 48.2 30.1 24.5 30.6
year-on-year (points) -33.7 -37.6 -6.7 29.8 15.8 12.2 -3.2
ADR actual (JPY) 3,332 4,429 4,107 4,240 4,222 3,947 4,002
year-on-year (%) -40.6 -20.1 -12.0 -10.2 -7.5 -16.4 -23.8
RevPAR actual (JPY) 1,315 919 828 2,045 1,273 967 1,226
year-on-year (%) -67.9 -71.6 -34.0 134.7 94.9 66.4 -31.1
Gross Revenue actual (JPY mn) 4 3 3 6 4 3 25
year-on-year (%) -66.8 -70.8 -31.6 78.0 61.3 38.0 -32.9
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 33.6 31.9 27.9 33.0 28.9 34.7 31.7
year-on-year (points) 16.7 13.7 13.2 12.9 -0.5 -2.2 9.0
ADR actual (JPY) 3,776 3,717 3,878 3,744 3,852 3,732 3,778
year-on-year (%) -15.0 -14.0 -10.3 -10.6 0.2 0.4 -6.7
RevPAR actual (JPY) 1,270 1,185 1,083 1,236 1,115 1,296 1,198
year-on-year (%) 68.5 50.5 70.3 47.0 -1.6 -5.7 30.1
Gross Revenue actual (JPY mn) 4 4 3 4 3 4 25
year-on-year (%) 38.2 22.1 37.3 25.1 -8.9 -9.4 13.7
    (Note 1) This property was acquired on July 17, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 19.8 26.7 32.4 72.3 60.1 48.1 43.3
year-on-year (points) -62.2 -45.1 -3.2 42.5 27.7 17.1 -3.7
ADR actual (JPY) 5,392 4,761 5,620 4,500 4,189 3,836 4,542
year-on-year (%) -17.1 -22.6 1.5 -5.9 -4.5 -12.7 -19.4
RevPAR actual (JPY) 1,069 1,272 1,821 3,255 2,517 1,846 1,968
year-on-year (%) -80.0 -71.2 -7.7 128.0 77.5 35.3 -25.8
Gross Revenue actual (JPY mn) 4 4 7 11 9 7 46
year-on-year (%) -76.9 -67.0 -0.9 112.1 71.5 45.9 -20.4
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 45.9 53.1 52.3 65.2 79.4 84.4 63.3
year-on-year (points) 18.5 23.8 11.6 18.8 36.2 58.3 27.9
ADR actual (JPY) 3,930 4,064 3,846 3,574 3,718 4,558 3,973
year-on-year (%) -23.1 -20.7 -13.5 -17.9 -22.2 -20.0 -17.7
RevPAR actual (JPY) 1,804 2,157 2,013 2,331 2,951 3,845 2,517
year-on-year (%) 28.7 43.8 11.1 15.4 42.9 158.5 47.0
Gross Revenue actual (JPY mn) 6 7 6 7 9 12 51
year-on-year (%) 27.0 36.7 3.0 4.8 26.0 117.4 33.7
    (Note 1) This property was acquired on July 17, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 32.8 37.8 41.1 42.7 30.2 34.0 36.4
year-on-year (points) -55.1 -28.4 4.9 0.7 -12.8 5.7 -14.2
ADR actual (JPY) 5,723 5,205 5,589 5,881 5,493 5,316 5,549
year-on-year (%) -27.0 -33.6 -12.9 -20.6 -7.3 -4.6 -22.1
RevPAR actual (JPY) 1,875 1,967 2,300 2,511 1,660 1,806 2,019
year-on-year (%) -72.8 -62.1 -1.0 -19.2 -35.0 14.6 -44.0
Gross Revenue actual (JPY mn) 4 4 6 5 4 4 30
year-on-year (%) -64.9 -51.8 16.2 -12.4 -28.5 10.5 -33.0
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 45.9 55.5 48.8 48.7 40.7 44.3 47.3
year-on-year (points) 14.4 20.7 13.6 10.6 1.9 2.5 10.7
ADR actual (JPY) 5,726 5,195 5,380 5,373 6,362 7,168 5,818
year-on-year (%) 5.2 2.9 14.7 -6.7 1.2 15.8 3.8
RevPAR actual (JPY) 2,628 2,884 2,627 2,615 2,590 3,172 2,754
year-on-year (%) 53.4 64.1 59.1 19.4 6.0 22.7 33.9
Gross Revenue actual (JPY mn) 6 6 5 5 5 7 37
year-on-year (%) 33.5 36.1 38.1 16.4 6.8 19.9 24.2
    (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.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 43.1 40.5 51.7 70.3 70.0 79.1 59.2
year-on-year (points) -33.8 -42.8 -27.9 -6.5 -7.8 16.2 -17.0
ADR actual (JPY) 3,619 3,646 3,802 4,625 4,262 3,973 4,055
year-on-year (%) -25.8 -28.7 -6.5 -10.9 -6.5 -9.3 -13.8
RevPAR actual (JPY) 1,559 1,476 1,965 3,253 2,983 3,141 2,403
year-on-year (%) -58.4 -65.4 -39.3 -18.5 -15.9 14.0 -33.0
Gross Revenue actual (JPY mn) 2 1 2 3 3 3 17
year-on-year (%) -56.5 -64.8 -33.6 -20.8 -19.2 9.8 -33.0
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 51.4 47.1 72.0 43.8 52.0 61.5 54.5
year-on-year (points) -7.3 -5.1 14.4 -2.2 6.2 5.4 1.8
ADR actual (JPY) 3,981 4,597 3,796 3,713 3,707 3,640 3,887
year-on-year (%) -10.5 7.5 -8.4 3.0 6.3 6.2 -0.9
RevPAR actual (JPY) 2,045 2,164 2,732 1,628 1,926 2,237 2,120
year-on-year (%) -21.6 -3.1 14.4 -1.8 20.6 16.4 2.5
Gross Revenue actual (JPY mn) 2 2 3 2 2 2 15
year-on-year (%) -28.9 -3.0 0.5 -13.6 10.6 8.2 -5.9
    (Note 1) This property was acquired on July 17, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 62.9 66.7 76.5 75.0 69.6 63.3 69.1
year-on-year (points) -23.6 -23.2 5.9 -4.2 3.4 -10.0 -8.5
ADR actual (JPY) 3,292 3,303 3,460 4,270 3,385 3,352 3,527
year-on-year (%) -27.3 -31.3 -13.1 4.1 12.3 12.6 -11.0
RevPAR actual (JPY) 2,071 2,204 2,649 3,202 2,357 2,123 2,436
year-on-year (%) -47.1 -49.1 -5.9 -1.4 18.0 -2.7 -20.7
Gross Revenue actual (JPY mn) 1 1 1 2 1 1 10
year-on-year (%) -45.6 -49.3 -2.6 -4.2 17.3 -3.9 -20.3
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 69.1 56.5 70.9 70.1 64.8 72.3 67.3
year-on-year (points) 5.3 -15.2 13.3 -3.4 -9.8 -14.5 -4.1
ADR actual (JPY) 3,637 3,515 3,430 3,423 3,522 3,529 3,509
year-on-year (%) 18.7 9.7 7.5 7.0 10.3 10.6 10.5
RevPAR actual (JPY) 2,512 1,984 2,432 2,399 2,284 2,551 2,360
year-on-year (%) 28.5 -13.6 32.4 2.0 -4.2 -7.9 4.1
Gross Revenue actual (JPY mn) 1 1 1 1 1 1 9
year-on-year (%) 20.4 -17.3 16.3 -7.8 -10.9 -12.1 -3.4
    (Note 1) This property was acquired on July 17, 2014.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) - - - - - - -
year-on-year (points) - - - - - - -
ADR actual (JPY) - - - - - - -
year-on-year (%) - - - - - - -
RevPAR actual (JPY) - - - - - - -
year-on-year (%) - - - - - - -
Gross Revenue actual (JPY mn) - - - - - - -
year-on-year (%) - - - - - - -
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) - - - - - - -
year-on-year (points) - - - - - - -
ADR actual (JPY) - - - - - - -
year-on-year (%) - - - - - - -
RevPAR actual (JPY) - - - - - - -
year-on-year (%) - - - - - - -
Gross Revenue actual (JPY mn) - - - - - - -
year-on-year (%) - - - - - - -
    (Note 1) This property was acquired on February 6, 2015.
    (Note 2) This property has been accepting COVID-19 patients with mild or no symptoms since August 4, 2020. The figures for each month from January to December, the January-June 2021 total and the July-December 2021 total are not disclosed as the consent from the parties concerned has not been obtained.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 32.2 42.2 48.6 43.5 28.2 31.9 37.7
year-on-year (points) -26.6 -13.2 18.3 23.8 13.5 -5.6 1.8
ADR actual (JPY) 5,638 5,627 5,803 6,216 8,398 5,833 6,164
year-on-year (%) -13.3 -12.5 -6.2 1.6 43.2 -1.3 -1.5
RevPAR actual (JPY) 1,813 2,376 2,819 2,704 2,365 1,863 2,323
year-on-year (%) -52.5 -33.3 50.6 123.9 175.2 -16.0 3.3
Gross Revenue actual (JPY mn) 16 19 25 22 20 17 121
year-on-year (%) -45.5 -29.6 56.8 108.7 109.7 -10.2 7.2
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 41.1 37.6 28.7 50.5 49.5 51.5 43.2
year-on-year (points) -9.7 -10.6 -37.6 -25.0 -8.7 13.1 -13.0
ADR actual (JPY) 7,455 7,758 6,190 6,211 5,738 5,622 6,428
year-on-year (%) 5.8 9.4 -11.1 -3.0 -10.0 -4.7 -3.3
RevPAR actual (JPY) 3,061 2,920 1,775 3,137 2,838 2,898 2,777
year-on-year (%) -14.5 -14.6 -61.5 -35.1 -23.4 27.8 -25.6
Gross Revenue actual (JPY mn) 24 23 15 25 23 24 138
year-on-year (%) -14.5 -13.2 -56.2 -33.3 -20.6 23.9 -23.4
    (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.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 17.7 18.0 19.7 22.8 21.7 25.1 20.9
year-on-year (points) -50.6 -44.6 -12.4 -20.6 -17.7 -19.0 -27.4
ADR actual (JPY) 4,607 4,223 4,353 4,892 4,081 4,196 4,390
year-on-year (%) -21.5 -32.5 -20.6 -28.9 -39.5 -28.4 -28.9
RevPAR actual (JPY) 817 761 858 1,116 887 1,052 916
year-on-year (%) -79.6 -80.5 -51.2 -62.6 -66.7 -59.3 -69.2
Gross Revenue actual (JPY mn) 2 2 3 3 2 2 16
year-on-year (%) -76.3 -76.9 -36.3 -59.8 -66.8 -59.8 -65.8
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 28.1 30.8 26.5 23.9 34.8 39.4 30.6
year-on-year (points) 1.3 13.7 5.0 -1.6 11.4 18.3 8.0
ADR actual (JPY) 4,121 4,177 4,147 4,161 4,259 4,641 4,278
year-on-year (%) -26.9 -21.8 -17.7 -2.1 -6.0 -0.2 -12.7
RevPAR actual (JPY) 1,160 1,288 1,098 994 1,484 1,831 1,309
year-on-year (%) -23.5 40.8 1.3 -8.3 39.8 86.1 18.2
Gross Revenue actual (JPY mn) 3 3 3 2 3 5 21
year-on-year (%) -27.1 15.6 0.2 -13.2 24.4 66.5 7.7
    (Note 1) This property was acquired on February 6, 2015.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 52.0 41.6 70.5 71.5 77.7 74.5 64.9
year-on-year (points) -39.0 -50.0 -11.9 9.1 12.5 -1.4 -13.1
ADR actual (JPY) 8,696 8,819 8,202 7,555 7,566 7,103 7,873
year-on-year (%) -12.6 -10.6 -4.4 -34.9 -8.3 -12.7 -16.0
RevPAR actual (JPY) 4,524 3,667 5,783 5,402 5,881 5,290 5,112
year-on-year (%) -50.0 -59.4 -18.2 -25.4 9.3 -14.3 -30.1
Gross Revenue actual (JPY mn) 29 22 38 32 37 34 194
year-on-year (%) -47.3 -57.1 -12.5 -24.0 9.8 -7.4 -26.8
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 87.6 86.7 81.1 87.0 89.0 89.5 86.8
year-on-year (points) 17.8 25.3 15.3 25.3 28.8 24.3 22.8
ADR actual (JPY) 8,285 7,540 7,314 6,933 7,202 7,555 7,476
year-on-year (%) -9.4 -16.0 -18.3 -33.4 -30.9 -21.9 -21.9
RevPAR actual (JPY) 7,254 6,540 5,930 6,034 6,411 6,759 6,492
year-on-year (%) 13.8 18.5 0.8 -6.2 2.2 7.2 5.9
Gross Revenue actual (JPY mn) 45 42 35 37 38 41 240
year-on-year (%) 12.1 14.9 0.1 -6.1 0.0 2.9 4.0
    (Note 1) This property was acquired on July 16, 2015.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 71.7 18.6 21.8 50.2 45.6 49.5 43.2
year-on-year (points) -4.9 -42.4 -19.2 14.0 17.2 24.1 -1.5
ADR actual (JPY) 3,444 4,148 4,411 4,942 4,460 4,310 4,210
year-on-year (%) -36.3 -21.6 -8.6 -6.5 -6.5 -1.9 -17.6
RevPAR actual (JPY) 2,471 773 961 2,479 2,036 2,134 1,821
year-on-year (%) -40.4 -76.1 -51.4 29.7 49.9 90.9 -20.4
Gross Revenue actual (JPY mn) 21 7 10 22 19 19 100
year-on-year (%) -40.7 -71.8 -44.4 22.4 39.0 70.0 -20.4
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 46.9 40.8 31.5 27.2 35.6 42.2 37.4
year-on-year (points) 24.1 16.9 6.1 -0.2 -44.3 -40.9 -6.2
ADR actual (JPY) 4,549 4,153 3,794 3,877 3,891 4,126 4,108
year-on-year (%) 12.6 0.8 -5.5 -2.3 9.4 22.7 11.8
RevPAR actual (JPY) 2,132 1,695 1,196 1,055 1,386 1,740 1,537
year-on-year (%) 131.8 71.9 17.2 -3.0 -51.3 -37.7 -4.2
Gross Revenue actual (JPY mn) 19 16 12 10 12 16 88
year-on-year (%) 83.9 58.1 18.7 -8.0 -50.5 -39.0 -7.7
    (Note 1) This property was acquired on July 16, 2015.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 51.5 25.8 24.9 29.6 20.9 19.0 28.7
year-on-year (points) -43.2 -61.6 -17.5 20.8 10.7 9.8 -13.3
ADR actual (JPY) 3,428 4,084 4,146 4,766 3,960 4,033 3,987
year-on-year (%) -54.2 -37.4 -12.0 16.1 -2.5 -2.1 -36.8
RevPAR actual (JPY) 1,767 1,054 1,031 1,410 826 768 1,145
year-on-year (%) -75.1 -81.5 -48.3 289.1 99.8 100.8 -56.8
Gross Revenue actual (JPY mn) 5 3 4 4 3 3 25
year-on-year (%) -72.8 -79.2 -28.9 131.9 47.4 88.4 -50.2
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 32.5 41.7 33.5 32.0 30.3 43.9 35.7
year-on-year (points) 22.4 32.1 21.9 -11.6 -24.2 -25.8 2.5
ADR actual (JPY) 6,408 6,236 4,996 3,839 3,955 4,458 5,027
year-on-year (%) 44.3 49.6 26.4 13.5 -2.2 14.3 30.0
RevPAR actual (JPY) 2,080 2,603 1,672 1,227 1,197 1,959 1,793
year-on-year (%) 364.7 549.6 266.3 -16.8 -45.7 -28.0 39.7
Gross Revenue actual (JPY mn) 6 8 5 4 3 6 34
year-on-year (%) 194.6 263.0 164.8 -21.1 -46.4 -30.0 23.8
    (Note 1) This property was acquired on July 16, 2015.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 73.7 36.2 33.7 33.4 28.4 24.4 38.4
year-on-year (points) -12.4 -44.0 -14.0 -2.6 7.0 -0.8 -10.9
ADR actual (JPY) 3,450 3,983 3,791 4,314 3,953 3,763 3,800
year-on-year (%) -35.8 -23.8 -17.8 -10.6 -6.5 -0.6 -22.9
RevPAR actual (JPY) 2,542 1,441 1,276 1,443 1,121 918 1,460
year-on-year (%) -45.1 -65.6 -42.0 -17.0 24.2 -3.7 -39.9
Gross Revenue actual (JPY mn) 14 8 8 8 7 5 52
year-on-year (%) -44.1 -64.1 -37.0 -22.2 12.8 -6.3 -38.6
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 38.8 37.6 33.3 43.6 50.0 59.0 43.8
year-on-year (points) 12.5 14.7 9.5 8.1 -20.2 -21.2 0.6
ADR actual (JPY) 3,917 3,665 3,631 3,623 3,678 4,072 3,786
year-on-year (%) 4.2 0.5 1.3 0.0 1.4 24.6 7.4
RevPAR actual (JPY) 1,520 1,377 1,208 1,582 1,840 2,403 1,657
year-on-year (%) 53.9 65.1 41.6 22.8 -27.8 -8.4 8.9
Gross Revenue actual (JPY mn) 9 8 7 9 10 14 59
year-on-year (%) 28.5 18.2 11.6 13.5 -31.8 -13.6 -3.0
    (Note 1) This property was acquired on July 16, 2015.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 41.0 51.5 44.5 44.3 52.5 60.0 48.9
year-on-year (points) -45.1 -33.3 -33.6 -4.9 6.0 -5.0 -19.3
ADR actual (JPY) 5,766 5,624 6,331 6,084 6,224 5,455 5,900
year-on-year (%) 6.6 -1.4 25.3 35.2 46.7 22.9 17.9
RevPAR actual (JPY) 2,362 2,897 2,820 2,695 3,265 3,274 2,884
year-on-year (%) -49.2 -40.1 -28.6 21.8 65.8 13.4 -15.5
Gross Revenue actual (JPY mn) 13 15 18 15 18 18 99
year-on-year (%) -44.5 -34.7 -12.1 22.7 58.8 20.6 -8.4
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 58.6 54.4 58.0 68.4 72.0 76.2 64.6
year-on-year (points) -10.7 -14.6 -12.4 4.2 5.7 25.8 -0.3
ADR actual (JPY) 6,064 6,241 5,532 5,685 5,866 6,433 5,981
year-on-year (%) 22.5 17.7 -4.1 -1.2 -12.8 0.1 3.5
RevPAR actual (JPY) 3,554 3,396 3,207 3,888 4,225 4,900 3,863
year-on-year (%) 3.7 -7.1 -21.0 5.2 -5.3 51.4 3.0
Gross Revenue actual (JPY mn) 19 19 17 21 22 26 127
year-on-year (%) 9.6 0.5 -16.7 14.3 -3.4 50.0 7.6
    (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.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 35.8 21.3 25.0 36.7 22.0 18.7 26.7
year-on-year (points) -49.9 -60.5 -16.8 -6.6 1.1 4.2 -21.2
ADR actual (JPY) 3,977 3,860 3,973 4,463 3,599 3,549 3,969
year-on-year (%) -17.7 -19.7 -7.2 1.2 -7.6 -5.3 -12.9
RevPAR actual (JPY) 1,423 824 995 1,638 790 664 1,058
year-on-year (%) -65.7 -79.1 -44.5 -14.1 -2.8 22.2 -51.4
Gross Revenue actual (JPY mn) 4 2 3 4 2 2 20
year-on-year (%) -62.9 -75.5 -34.9 -19.3 -8.2 5.8 -47.9
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 27.8 40.9 29.2 34.8 36.9 47.8 36.2
year-on-year (points) 16.2 30.8 17.7 10.3 12.1 2.1 14.9
ADR actual (JPY) 3,528 3,347 3,300 3,431 3,556 3,790 3,511
year-on-year (%) -10.6 -14.3 -13.2 -10.7 -11.8 21.6 -3.2
RevPAR actual (JPY) 981 1,368 962 1,192 1,310 1,810 1,272
year-on-year (%) 114.1 247.6 119.9 26.9 31.4 27.2 64.1
Gross Revenue actual (JPY mn) 3 4 2 3 3 5 23
year-on-year (%) 55.2 135.3 58.9 23.9 25.3 15.3 42.0
    (Note 1) This property was acquired on July 16, 2015.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 24.8 35.5 72.9 81.4 73.6 79.1 61.4
year-on-year (points) -63.2 -55.3 24.2 51.4 37.9 32.6 5.0
ADR actual (JPY) 6,803 6,027 6,233 5,988 5,954 6,346 6,167
year-on-year (%) -4.0 -16.7 -6.9 -1.2 10.6 22.3 -5.6
RevPAR actual (JPY) 1,689 2,138 4,544 4,872 4,385 5,020 3,789
year-on-year (%) -72.9 -67.4 39.4 168.3 127.9 108.2 2.7
Gross Revenue actual (JPY mn) 19 25 35 30 28 37 176
year-on-year (%) -62.8 -45.4 61.5 84.1 85.9 99.8 3.3
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 68.3 61.8 60.2 89.5 89.5 87.5 76.1
year-on-year (points) 8.2 -0.5 -7.3 12.2 19.3 31.1 10.5
ADR actual (JPY) 6,652 6,382 5,098 6,271 6,854 7,107 6,466
year-on-year (%) 17.8 10.0 -19.7 -14.5 -21.3 -4.3 -6.5
RevPAR actual (JPY) 4,543 3,942 3,068 5,610 6,135 6,221 4,923
year-on-year (%) 33.8 9.0 -28.4 -1.0 0.4 48.4 8.5
Gross Revenue actual (JPY mn) 29 27 23 36 39 40 198
year-on-year (%) 29.1 9.4 -11.3 5.0 16.4 38.3 14.1
    (Note 1) This property was acquired on July 16, 2015.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 66.3 56.2 63.5 54.3 48.0 60.3 58.1
year-on-year (points) -11.3 -22.6 -13.9 -20.1 -37.6 4.5 -16.9
ADR actual (JPY) 3,364 3,350 3,522 4,065 3,379 3,263 3,485
year-on-year (%) -29.6 -32.6 -23.8 -23.0 -29.7 -28.2 -28.0
RevPAR actual (JPY) 2,230 1,882 2,235 2,208 1,623 1,966 2,026
year-on-year (%) -39.9 -51.9 -37.4 -43.8 -60.6 -22.4 -44.2
Gross Revenue actual (JPY mn) 4 3 4 4 3 3 24
year-on-year (%) -42.4 -53.3 -36.5 -45.8 -61.4 -26.8 -45.7
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 65.3 44.0 41.9 57.9 47.1 66.0 53.8
year-on-year (points) 10.2 -6.4 -5.4 3.5 -14.9 -7.9 -3.4
ADR actual (JPY) 3,613 3,623 3,385 3,403 3,452 3,659 3,534
year-on-year (%) -15.2 -12.2 -9.8 -4.5 6.3 15.0 -3.1
RevPAR actual (JPY) 2,360 1,594 1,419 1,969 1,625 2,416 1,901
year-on-year (%) 0.5 -23.3 -20.0 1.6 -19.3 2.7 -8.9
Gross Revenue actual (JPY mn) 4 3 2 4 3 4 23
year-on-year (%) -5.3 -25.4 -24.1 -4.4 -25.0 -5.6 -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.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 54.4 44.5 47.6 75.8 66.5 62.1 58.6
year-on-year (points) -19.9 -35.8 -30.4 16.3 -8.2 -24.1 -16.9
ADR actual (JPY) 3,116 3,051 3,449 4,631 3,796 3,757 3,724
year-on-year (%) -19.5 -28.4 -20.6 12.7 5.7 13.8 -4.5
RevPAR actual (JPY) 1,696 1,357 1,640 3,510 2,526 2,333 2,182
year-on-year (%) -41.1 -60.3 -51.6 43.5 -5.9 -18.1 -25.8
Gross Revenue actual (JPY mn) 3 2 3 6 5 4 25
year-on-year (%) -43.4 -61.6 -49.8 33.2 -11.7 -24.5 -29.2
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 43.2 36.0 29.1 38.0 42.6 60.6 41.7
year-on-year (points) -32.1 -26.7 -29.4 -12.9 -22.2 3.8 -19.8
ADR actual (JPY) 3,323 3,238 3,077 3,133 3,148 3,291 3,216
year-on-year (%) 3.3 -1.7 -1.1 -4.7 -2.7 -1.2 -0.9
RevPAR actual (JPY) 1,435 1,166 897 1,191 1,342 1,993 1,340
year-on-year (%) -40.7 -43.6 -50.7 -28.7 -36.0 5.4 -32.8
Gross Revenue actual (JPY mn) 3 2 1 2 2 3 16
year-on-year (%) -43.7 -48.2 -50.5 -29.5 -36.2 2.4 -35.2
    (Note 1) This property was acquired on July 16, 2015.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 28.4 28.4 25.7 34.8 28.2 29.7 29.2
year-on-year (points) -42.4 -51.1 -24.2 -14.8 -14.4 -10.0 -26.0
ADR actual (JPY) 4,187 5,613 4,583 4,672 4,671 4,712 4,726
year-on-year (%) -14.1 9.9 -2.9 -5.9 8.3 10.5 -0.9
RevPAR actual (JPY) 1,190 1,595 1,177 1,625 1,315 1,399 1,379
year-on-year (%) -65.5 -60.7 -50.0 -34.0 -28.3 -17.3 -47.6
Gross Revenue actual (JPY mn) 8 10 8 10 8 9 56
year-on-year (%) -64.7 -61.7 -47.9 -36.4 -33.7 -24.2 -48.8
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 35.8 34.5 30.0 27.3 29.6 32.9 31.7
year-on-year (points) -7.4 -3.4 2.2 4.3 -4.9 0.6 -1.4
ADR actual (JPY) 4,981 5,079 4,682 4,718 4,827 5,127 4,917
year-on-year (%) 16.0 16.0 6.3 -4.5 4.3 15.6 9.8
RevPAR actual (JPY) 1,785 1,752 1,404 1,287 1,430 1,686 1,559
year-on-year (%) -3.8 5.6 14.6 13.6 -10.5 17.9 5.0
Gross Revenue actual (JPY mn) 12 11 9 8 9 11 62
year-on-year (%) -10.6 -3.1 6.8 9.4 -16.1 9.0 -2.1
    (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.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 20.4 22.8 35.2 27.3 27.5 31.7 27.5
year-on-year (points) -69.8 -39.8 17.2 12.9 -15.4 -21.0 -19.2
ADR actual (JPY) 4,657 4,164 4,376 3,842 3,910 4,044 4,153
year-on-year (%) -45.1 -43.1 -22.6 -1.1 11.3 3.5 -32.9
RevPAR actual (JPY) 949 950 1,540 1,051 1,077 1,281 1,144
year-on-year (%) -87.6 -79.3 51.5 87.2 -28.6 -37.7 -60.5
Gross Revenue actual (JPY mn) 3 3 4 3 3 3 22
year-on-year (%) -77.5 -57.4 66.1 37.5 -16.3 -10.3 -38.1
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 31.1 29.2 32.1 45.6 62.9 62.0 43.8
year-on-year (points) -13.2 -9.4 -3.1 7.2 29.4 47.1 9.6
ADR actual (JPY) 4,378 4,321 4,022 4,162 4,573 5,290 4,554
year-on-year (%) 11.9 6.5 -2.7 -6.4 -14.1 1.1 3.5
RevPAR actual (JPY) 1,360 1,262 1,291 1,900 2,876 3,280 1,994
year-on-year (%) -21.5 -19.4 -11.4 11.3 61.2 319.9 32.6
Gross Revenue actual (JPY mn) 3 3 3 4 6 7 28
year-on-year (%) -10.2 -16.4 -8.0 11.6 56.3 146.1 24.0
    (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.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 38.8 46.7 51.3 45.6 31.0 43.4 42.7
year-on-year (points) -57.8 -48.9 -31.9 7.6 -0.5 -5.9 -22.9
ADR actual (JPY) 5,951 6,483 5,716 5,948 5,484 5,227 5,812
year-on-year (%) -36.3 -29.9 -1.4 12.6 16.1 4.8 -19.8
RevPAR actual (JPY) 2,309 3,027 2,931 2,711 1,702 2,268 2,482
year-on-year (%) -74.4 -65.7 -39.3 35.1 14.4 -7.8 -47.8
Gross Revenue actual (JPY mn) 35 42 48 41 32 35 234
year-on-year (%) -71.2 -62.4 -28.6 34.2 29.3 -4.0 -40.5
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 67.3 58.0 53.3 63.1 70.2 77.8 65.0
year-on-year (points) 17.0 14.1 5.9 1.1 12.9 23.7 12.5
ADR actual (JPY) 6,945 6,316 5,053 5,108 5,738 6,518 5,998
year-on-year (%) 35.2 18.2 1.5 -9.0 -6.6 10.9 8.2
RevPAR actual (JPY) 4,671 3,666 2,694 3,225 4,028 5,069 3,898
year-on-year (%) 80.9 56.2 14.0 -7.4 14.3 59.5 33.8
Gross Revenue actual (JPY mn) 66 52 42 52 63 75 353
year-on-year (%) 65.6 40.4 16.7 2.4 28.0 60.5 34.8
    (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
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 9.3 7.7 64.3 51.8 47.0 46.0 38.1
year-on-year (points) -52.1 -61.6 9.7 41.1 47.0 17.0 0.7
ADR actual (JPY) 32,240 22,205 22,091 21,757 28,313 19,052 23,148
year-on-year (%) 29.9 15.9 6.9 19.1 - -4.0 9.4
RevPAR actual (JPY) 2,989 1,709 14,215 11,276 13,299 8,772 8,812
year-on-year (%) -80.4 -87.1 25.9 476.9 - 52.2 11.5
Gross Revenue actual (JPY mn) 140 112 452 307 333 263 1,609
year-on-year (%) -64.1 -68.7 55.8 185.7 241.4 41.4 12.2
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 70.0 56.1 51.9 79.1 89.7 77.1 70.6
year-on-year (points) 19.6 -8.2 -34.2 -17.2 -6.9 15.0 -5.1
ADR actual (JPY) 30,634 54,019 25,881 25,734 25,005 28,392 30,692
year-on-year (%) 13.8 1.9 -10.7 -7.8 -10.1 6.0 -2.3
RevPAR actual (JPY) 21,441 30,309 13,433 20,346 22,435 21,884 21,681
year-on-year (%) 58.2 -11.1 -46.2 -24.3 -16.6 31.7 -8.9
Gross Revenue actual (JPY mn) 449 508 313 477 507 467 2,722
year-on-year (%) 50.3 -7.7 -34.7 -16.2 -10.8 29.0 -3.8
    (Note 1) This property was acquired on March 31, 2016.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 12.8 15.8 24.2 27.2 18.3 19.1 19.6
year-on-year (points) -68.4 -58.1 -25.4 10.0 0.6 -14.0 -25.8
ADR actual (JPY) 5,001 4,491 4,602 4,828 4,924 4,380 4,700
year-on-year (%) -20.4 -37.5 -12.2 7.6 23.5 6.1 -19.0
RevPAR actual (JPY) 639 712 1,112 1,311 900 837 920
year-on-year (%) -87.5 -86.6 -57.2 70.0 27.3 -38.7 -65.0
Gross Revenue actual (JPY mn) 5 5 10 11 8 7 48
year-on-year (%) -84.9 -84.6 -49.3 69.9 20.1 -24.5 -59.2
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 37.1 29.4 24.6 45.2 50.4 65.4 42.1
year-on-year (points) -11.0 -3.4 -12.4 3.9 3.9 31.6 2.2
ADR actual (JPY) 4,258 4,396 4,093 4,183 5,084 5,629 4,765
year-on-year (%) 1.6 3.8 -6.3 -8.8 -17.6 -2.0 -2.6
RevPAR actual (JPY) 1,580 1,291 1,007 1,892 2,562 3,682 2,005
year-on-year (%) -21.7 -7.1 -37.7 -0.3 -10.7 89.7 2.7
Gross Revenue actual (JPY mn) 11 9 8 14 19 27 92
year-on-year (%) -23.1 -8.7 -27.9 6.3 -2.5 92.1 6.6
    (Note 1) This property was acquired on March 31, 2016.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 33.7 36.4 57.8 64.3 47.6 56.3 49.5
year-on-year (points) -37.1 -27.7 -8.8 8.2 -3.2 -25.6 -15.6
ADR actual (JPY) 4,578 4,470 4,450 5,205 4,472 4,220 4,590
year-on-year (%) -49.3 -47.6 -15.2 13.1 -3.1 -11.8 -25.8
RevPAR actual (JPY) 1,543 1,627 2,574 3,348 2,130 2,374 2,270
year-on-year (%) -75.9 -70.2 -26.4 29.5 -9.2 -39.4 -43.6
Gross Revenue actual (JPY mn) 5 5 9 11 7 8 47
year-on-year (%) -73.6 -68.5 -19.3 21.8 -13.0 -37.2 -41.3
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 67.2 58.1 59.5 66.8 77.4 90.4 69.9
year-on-year (points) 5.3 16.3 -0.2 -10.0 10.4 40.0 10.4
ADR actual (JPY) 5,287 4,676 4,550 4,732 5,309 5,993 5,168
year-on-year (%) 13.4 4.2 0.4 7.1 4.6 20.7 10.3
RevPAR actual (JPY) 3,552 2,717 2,705 3,162 4,107 5,417 3,612
year-on-year (%) 23.1 44.9 0.0 -6.8 20.9 116.4 29.5
Gross Revenue actual (JPY mn) 13 9 9 10 13 17 74
year-on-year (%) 26.6 28.6 -2.2 -6.9 11.9 109.4 24.8
    (Note 1) This property was acquired on March 31, 2016.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 14.3 30.0 45.2 33.8 25.7 27.9 29.5
year-on-year (points) -64.8 -46.5 -19.9 15.6 8.9 -4.4 -18.5
ADR actual (JPY) 7,413 6,238 7,732 6,679 8,729 5,290 7,036
year-on-year (%) -7.7 -26.4 2.1 13.2 50.9 -10.0 -6.6
RevPAR actual (JPY) 1,063 1,870 3,493 2,259 2,247 1,478 2,074
year-on-year (%) -83.3 -71.2 -29.1 110.0 130.3 -22.2 -42.6
Gross Revenue actual (JPY mn) 21 24 54 29 32 22 185
year-on-year (%) -68.1 -60.3 2.5 44.8 63.4 -14.0 -25.6
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 56.4 35.7 32.9 47.8 66.4 69.8 51.5
year-on-year (points) 18.7 -5.2 -17.0 -8.9 2.1 27.9 3.0
ADR actual (JPY) 7,033 7,302 5,482 6,377 8,589 7,577 7,251
year-on-year (%) -11.0 -8.8 -40.9 -25.1 -52.3 -27.8 -33.1
RevPAR actual (JPY) 3,964 2,606 1,804 3,046 5,700 5,291 3,735
year-on-year (%) 33.0 -20.3 -61.1 -36.9 -50.8 20.4 -28.9
Gross Revenue actual (JPY mn) 45 34 27 37 58 57 261
year-on-year (%) 18.8 -10.8 -45.8 -28.2 -44.2 18.9 -21.6
    (Note 1) This property was acquired on June 15, 2016.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 24.0 40.6 49.2 57.4 46.5 49.0 44.4
year-on-year (points) -72.5 -50.8 -20.5 10.3 -4.9 -8.0 -24.4
ADR actual (JPY) 7,498 6,461 6,906 6,762 6,135 5,936 6,551
year-on-year (%) -51.0 -45.9 -19.5 -8.1 -10.6 -16.3 -36.6
RevPAR actual (JPY) 1,796 2,621 3,399 3,880 2,851 2,910 2,909
year-on-year (%) -87.8 -76.0 -43.1 12.0 -19.2 -28.0 -59.1
Gross Revenue actual (JPY mn) 11 15 20 19 16 16 99
year-on-year (%) -80.8 -66.0 -29.9 0.9 -16.7 -20.6 -48.9
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 60.9 56.5 49.1 60.3 64.7 77.2 61.5
year-on-year (points) 6.0 19.1 13.4 -12.9 21.6 39.2 14.3
ADR actual (JPY) 11,151 9,981 6,158 6,572 7,563 9,162 8,527
year-on-year (%) 61.8 45.6 -10.4 -15.0 -19.7 5.9 10.5
RevPAR actual (JPY) 6,790 5,643 3,024 3,962 4,895 7,076 5,245
year-on-year (%) 79.3 120.0 23.1 -30.0 20.4 115.0 44.1
Gross Revenue actual (JPY mn) 31 27 15 18 22 30 146
year-on-year (%) 65.0 73.1 3.9 -27.3 11.2 71.8 28.8
    (Note 1) This property was acquired on May 29, 2017.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 16.6 13.9 22.6 21.2 13.0 20.2 17.9
year-on-year (points) -54.2 -53.8 -16.7 5.6 -2.1 -7.1 -21.2
ADR actual (JPY) 3,561 4,293 4,432 4,263 3,640 3,920 4,051
year-on-year (%) -39.5 -23.8 -1.1 -4.6 -9.5 -0.9 -21.2
RevPAR actual (JPY) 590 596 1,000 904 475 791 727
year-on-year (%) -85.8 -84.4 -43.1 29.2 -22.0 -26.6 -63.9
Gross Revenue actual (JPY mn) 21 21 31 32 19 28 154
year-on-year (%) -76.9 -72.9 -11.2 88.4 19.6 13.6 -42.0
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 34.0 29.2 26.7 37.8 42.5 54.4 37.5
year-on-year (points) 7.3 7.4 -5.2 -0.7 15.6 36.9 10.3
ADR actual (JPY) 3,798 4,046 3,718 3,605 4,384 4,730 4,125
year-on-year (%) -9.4 8.4 4.3 -9.0 -19.2 19.0 -0.1
RevPAR actual (JPY) 1,290 1,183 994 1,364 1,865 2,576 1,547
year-on-year (%) 15.4 45.0 -12.8 -10.7 27.7 268.7 37.5
Gross Revenue actual (JPY mn) 43 35 39 44 48 59 270
year-on-year (%) 19.6 29.1 16.5 2.3 20.7 113.6 29.4
    (Note 1) This property was acquired on October 13, 2017.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 21.9 22.8 35.0 27.1 28.8 27.4 27.2
year-on-year (points) -68.4 -56.0 -10.9 -16.6 -2.4 -5.8 -26.5
ADR actual (JPY) 6,540 6,699 6,615 6,859 6,648 6,488 6,640
year-on-year (%) -36.2 -25.1 -5.2 -1.5 6.8 6.9 -19.1
RevPAR actual (JPY) 1,431 1,529 2,314 1,860 1,914 1,776 1,808
year-on-year (%) -84.5 -78.3 -27.8 -38.9 -1.5 -11.9 -59.0
Gross Revenue actual (JPY mn) 18 18 26 22 23 21 131
year-on-year (%) -75.0 -67.2 -19.4 -28.9 -3.5 -8.3 -46.3
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 56.9 64.9 56.8 56.5 71.0 71.7 63.0
year-on-year (points) 29.4 43.1 35.1 15.7 -2.6 1.4 20.4
ADR actual (JPY) 9,025 7,141 6,644 5,870 5,574 6,536 6,758
year-on-year (%) 36.7 2.9 2.9 -3.6 7.2 16.8 15.3
RevPAR actual (JPY) 5,133 4,637 3,775 3,319 3,958 4,689 4,256
year-on-year (%) 183.4 205.5 169.5 33.5 3.4 19.2 70.6
Gross Revenue actual (JPY mn) 46 44 33 30 35 42 233
year-on-year (%) 108.0 93.3 75.4 12.2 0.9 13.2 42.0
    (Note 1) This property was acquired on October 13, 2017.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 12.5 20.5 31.1 23.6 19.9 23.8 21.9
year-on-year (points) -75.1 -64.1 -27.9 0.5 -6.9 -20.4 -32.2
ADR actual (JPY) 10,044 7,844 9,501 8,982 11,906 7,407 9,218
year-on-year (%) -13.1 -17.4 21.6 80.7 147.6 37.1 8.6
RevPAR actual (JPY) 1,257 1,606 2,952 2,117 2,366 1,765 2,018
year-on-year (%) -87.6 -80.0 -35.9 84.3 83.9 -26.2 -56.0
Gross Revenue actual (JPY mn) 34 36 88 47 50 40 298
year-on-year (%) -79.1 -70.2 26.1 63.8 48.7 -12.9 -36.3
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 40.7 35.9 30.7 50.3 56.2 46.0 43.3
year-on-year (points) -14.6 -11.7 -30.4 -14.2 -9.7 11.0 -11.5
ADR actual (JPY) 9,553 10,628 7,425 8,923 11,091 14,889 10,614
year-on-year (%) 41.2 37.8 -9.6 -1.2 -19.9 25.2 11.1
RevPAR actual (JPY) 3,890 3,817 2,282 4,488 6,230 6,845 4,596
year-on-year (%) 4.0 4.0 -54.5 -22.9 -31.7 64.7 -12.2
Gross Revenue actual (JPY mn) 74 72 45 74 113 110 491
year-on-year (%) 19.0 15.8 -41.0 -20.4 -12.5 59.1 -0.8
    (Note 1) This property was acquired on October 13, 2017.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 10.4 22.8 26.6 28.0 19.2 19.4 21.0
year-on-year (points) -77.4 -37.3 20.8 28.0 19.2 19.4 -4.5
ADR actual (JPY) 5,469 8,575 5,653 5,118 5,359 5,064 5,874
year-on-year (%) -35.5 -35.4 -7.8 - - - -42.4
RevPAR actual (JPY) 570 1,956 1,503 1,432 1,029 983 1,234
year-on-year (%) -92.3 -75.5 327.6 64,387.1 - - -52.5
Gross Revenue actual (JPY mn) 6 16 15 9 11 10 70
year-on-year (%) -88.5 -72.7 104.5 181.7 176.9 329.8 -49.3
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 37.7 41.9 37.4 42.7 55.0 49.6 44.0
year-on-year (points) 25.7 6.9 5.6 1.9 30.3 35.9 17.7
ADR actual (JPY) 5,436 5,473 4,869 4,755 5,248 5,851 5,293
year-on-year (%) -19.9 -18.9 -15.5 -7.3 -6.3 0.5 -9.9
RevPAR actual (JPY) 2,050 2,291 1,819 2,032 2,889 2,904 2,330
year-on-year (%) 152.0 -3.0 -0.7 -3.1 108.4 263.4 50.6
Gross Revenue actual (JPY mn) 18 20 16 17 24 24 121
year-on-year (%) 113.4 -1.7 -5.1 -4.4 86.5 197.1 40.8
    (Note 1) This property was acquired on October 13, 2017.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 54.3 62.6 63.6 63.4 66.5 81.2 65.2
year-on-year (points) -39.7 -27.1 0.4 24.3 -8.3 -0.2 -8.4
ADR actual (JPY) 4,847 4,715 5,227 5,683 5,522 5,119 5,199
year-on-year (%) -20.9 -22.4 4.0 26.0 34.7 16.5 1.0
RevPAR actual (JPY) 2,633 2,951 3,322 3,601 3,670 4,157 3,391
year-on-year (%) -54.3 -45.9 4.8 104.6 19.7 16.1 -10.6
Gross Revenue actual (JPY mn) 14 14 18 18 20 21 108
year-on-year (%) -53.5 -46.7 9.0 88.0 18.6 15.5 -10.4
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 78.6 76.8 72.9 85.5 90.0 91.7 82.6
year-on-year (points) -1.9 0.7 -2.0 11.0 21.9 11.3 6.8
ADR actual (JPY) 5,766 5,391 4,801 5,219 6,074 8,329 6,007
year-on-year (%) 18.7 6.2 -10.4 -11.7 -8.9 40.7 7.2
RevPAR actual (JPY) 4,532 4,138 3,500 4,462 5,466 7,642 4,962
year-on-year (%) 16.0 7.1 -12.8 1.3 20.4 60.4 16.8
Gross Revenue actual (JPY mn) 24 22 18 23 28 40 159
year-on-year (%) 14.4 5.3 -13.5 1.1 19.4 59.2 15.6
    (Note 1) This property was acquired on February 7, 2018.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 32.6 31.4 34.7 36.0 36.1 37.6 34.8
year-on-year (points) -22.6 -24.5 -4.3 18.1 26.4 5.8 0.0
ADR actual (JPY) 6,483 6,615 6,805 8,361 7,366 6,674 7,070
year-on-year (%) -10.8 -18.2 -5.9 11.9 27.8 25.7 -0.7
RevPAR actual (JPY) 2,117 2,080 2,364 3,009 2,662 2,511 2,460
year-on-year (%) -47.3 -54.0 -16.3 124.6 374.0 48.8 -0.8
Gross Revenue actual (JPY mn) 29 21 37 36 41 35 202
year-on-year (%) -38.4 -64.0 -13.9 87.0 192.4 94.0 -0.7
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 64.3 49.8 35.2 65.9 62.3 53.9 55.3
year-on-year (points) 14.8 4.2 -26.4 -7.0 0.2 11.6 -0.3
ADR actual (JPY) 7,863 8,374 6,797 6,923 7,307 6,864 7,375
year-on-year (%) 40.4 34.0 15.1 6.2 3.3 3.4 16.2
RevPAR actual (JPY) 5,059 4,167 2,389 4,559 4,549 3,703 4,077
year-on-year (%) 82.3 46.4 -34.3 -3.9 3.7 31.7 15.6
Gross Revenue actual (JPY mn) 52 38 28 47 54 39 261
year-on-year (%) 34.4 35.6 -41.1 -10.4 3.5 13.8 2.0
    (Note 1) This property was acquired on February 7, 2018.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 41.5 55.7 55.2 61.3 49.6 63.9 54.4
year-on-year (points) -12.8 -2.7 18.5 46.0 31.7 23.8 17.4
ADR actual (JPY) 6,701 8,303 6,631 13,208 8,007 5,722 8,170
year-on-year (%) -9.5 -3.7 -10.3 94.0 52.9 14.8 15.8
RevPAR actual (JPY) 2,781 4,621 3,657 8,092 3,973 3,657 4,445
year-on-year (%) -30.8 -8.2 34.9 678.2 323.5 82.7 70.3
Gross Revenue actual (JPY mn) 43 47 53 67 44 51 307
year-on-year (%) -29.5 -27.8 46.0 260.8 85.6 53.6 27.8
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 73.7 71.3 66.9 82.3 84.5 74.8 75.6
year-on-year (points) 23.0 9.3 -11.3 1.8 23.9 23.2 11.7
ADR actual (JPY) 7,497 7,987 5,962 8,537 9,017 9,431 8,144
year-on-year (%) 9.5 10.4 -23.4 -4.7 7.5 22.1 3.0
RevPAR actual (JPY) 5,524 5,691 3,989 7,026 7,615 7,058 6,155
year-on-year (%) 59.1 27.1 -34.5 -2.6 49.8 76.8 21.9
Gross Revenue actual (JPY mn) 57 54 41 65 61 76 357
year-on-year (%) 43.3 10.0 -32.8 0.4 17.5 48.2 11.5
    (Note 1) This property was acquired on February 7, 2018.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 54.7 58.9 74.9 65.8 57.2 71.6 63.9
year-on-year (points) -38.1 -35.4 11.9 31.6 21.8 14.1 1.2
ADR actual (JPY) 4,551 4,649 4,723 4,815 5,007 4,449 4,696
year-on-year (%) -10.8 -19.8 2.7 14.1 21.7 9.0 -3.2
RevPAR actual (JPY) 2,491 2,738 3,536 3,168 2,862 3,184 2,999
year-on-year (%) -47.4 -49.9 22.0 119.5 96.9 35.9 -1.4
Gross Revenue actual (JPY mn) 12 12 20 16 14 15 92
year-on-year (%) -46.8 -49.5 37.2 115.2 78.9 34.8 1.0
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 77.9 68.7 - - 79.3 91.0 79.2
year-on-year (points) 11.3 10.8 -63.5 -72.1 3.6 24.0 12.1
ADR actual (JPY) 5,141 5,162 - - 6,120 6,596 5,806
year-on-year (%) 17.8 13.9 -100.0 -100.0 -4.9 21.3 13.5
RevPAR actual (JPY) 4,006 3,545 - - 4,854 6,005 4,600
year-on-year (%) 37.7 35.1 -100.0 -100.0 -0.3 64.9 34.0
Gross Revenue actual (JPY mn) 20 17 27 28 23 29 147
year-on-year (%) 32.0 29.8 93.1 54.6 -0.3 61.6 42.2
    (Note 1) This property was acquired on February 7, 2018.
    (Note 2) This property accepted COVID-19 patients with mild or no symptoms from August 30, 2021 to October 31, 2021. The figures for each month from September to October are not disclosed as the consent from the parties concerned has not been obtained, it is also excluded from the performance calculation for the July-December 2021 total above.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 49.6 69.3 69.4 65.5 45.7 64.0 60.4
year-on-year (points) -47.3 -25.9 -13.8 17.6 4.6 11.9 -8.9
ADR actual (JPY) 5,003 5,350 5,128 5,675 4,871 4,801 5,158
year-on-year (%) -39.2 -35.2 -3.5 7.9 -1.4 -7.8 -21.8
RevPAR actual (JPY) 2,480 3,707 3,557 3,716 2,225 3,071 3,113
year-on-year (%) -68.9 -52.8 -19.5 47.6 9.6 13.3 -31.8
Gross Revenue actual (JPY mn) 9 12 13 12 8 10 66
year-on-year (%) -66.2 -51.9 -13.3 44.7 9.1 11.0 -29.3
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 78.0 65.4 70.4 78.3 84.1 83.6 76.6
year-on-year (points) 25.7 2.9 6.2 -7.7 12.1 22.7 10.3
ADR actual (JPY) 5,059 5,400 4,916 4,879 5,305 6,344 5,336
year-on-year (%) 3.8 16.7 8.5 -2.7 -8.9 16.1 5.2
RevPAR actual (JPY) 3,948 3,531 3,459 3,821 4,461 5,304 4,089
year-on-year (%) 54.8 22.1 18.9 -11.4 6.5 59.3 21.6
Gross Revenue actual (JPY mn) 13 12 11 13 14 18 83
year-on-year (%) 43.5 12.2 9.0 -15.3 3.5 54.3 15.1
    (Note 1) This property was acquired on June 27, 2018.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 58.4 76.4 77.8 71.1 61.9 67.0 68.6
year-on-year (points) -38.3 -19.1 -19.4 -3.5 -11.7 -10.3 -17.2
ADR actual (JPY) 5,843 6,950 7,278 6,460 6,576 5,530 6,481
year-on-year (%) -21.6 -21.8 27.3 27.8 34.5 3.8 2.2
RevPAR actual (JPY) 3,414 5,313 5,660 4,591 4,067 3,703 4,447
year-on-year (%) -52.6 -37.4 1.9 21.8 13.1 -10.1 -18.2
Gross Revenue actual (JPY mn) 14 19 24 18 17 15 108
year-on-year (%) -51.1 -37.0 7.5 19.1 15.5 -6.6 -15.9
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 75.3 77.5 74.2 90.3 87.3 87.5 82.0
year-on-year (points) 9.7 -3.5 -5.2 4.0 2.2 10.5 3.0
ADR actual (JPY) 6,668 6,854 5,387 5,960 6,997 7,137 6,519
year-on-year (%) 25.6 35.9 6.0 -4.6 -7.8 -0.4 6.8
RevPAR actual (JPY) 5,020 5,313 3,995 5,383 6,111 6,245 5,348
year-on-year (%) 44.3 29.9 -0.9 -0.2 -5.4 13.2 10.9
Gross Revenue actual (JPY mn) 20 21 16 21 23 25 129
year-on-year (%) 42.9 17.1 -9.0 1.3 -4.9 13.7 8.2
    (Note 1) This property was acquired on June 27, 2018.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 15.5 18.1 22.2 24.4 24.1 28.0 22.1
year-on-year (points) -76.9 -65.9 -29.3 -11.3 -13.1 -20.4 -36.0
ADR actual (JPY) 6,740 6,501 6,665 6,655 6,275 6,065 6,452
year-on-year (%) -30.6 -26.6 2.3 23.6 26.9 24.0 -13.0
RevPAR actual (JPY) 1,044 1,174 1,483 1,622 1,511 1,700 1,424
year-on-year (%) -88.4 -84.2 -55.9 -15.5 -17.8 -28.2 -66.9
Gross Revenue actual (JPY mn) 17 17 22 23 25 25 130
year-on-year (%) -82.5 -77.4 -45.3 -2.6 2.2 -12.1 -55.3
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 39.0 32.9 26.8 33.2 39.8 52.1 37.3
year-on-year (points) -8.6 5.6 -2.9 -6.9 18.1 32.4 6.3
ADR actual (JPY) 7,249 6,653 5,767 5,872 6,347 7,051 6,578
year-on-year (%) 43.0 9.8 7.3 -0.5 -23.0 -7.3 8.2
RevPAR actual (JPY) 2,830 2,190 1,546 1,947 2,529 3,670 2,456
year-on-year (%) 17.3 32.0 -3.3 -17.7 41.2 145.0 30.0
Gross Revenue actual (JPY mn) 45 29 25 32 37 47 217
year-on-year (%) 44.2 11.4 -12.1 6.9 58.6 117.6 33.7
    (Note 1) This property was acquired on August 2, 2018.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 9.8 15.1 24.1 25.4 12.0 11.9 16.4
year-on-year (points) -65.5 -57.9 5.4 18.0 2.4 -6.5 -17.2
ADR actual (JPY) 7,531 6,783 6,188 5,689 8,443 5,244 6,451
year-on-year (%) -10.4 -44.8 -0.8 -2.6 54.6 -10.2 -28.9
RevPAR actual (JPY) 736 1,023 1,494 1,442 1,010 624 1,056
year-on-year (%) -88.4 -88.6 27.6 234.6 92.6 -42.1 -65.3
Gross Revenue actual (JPY mn) 27 35 58 46 32 28 229
year-on-year (%) -79.6 -76.6 85.0 154.4 48.2 -14.8 -41.7
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 24.0 32.6 29.3 42.1 51.7 47.9 37.9
year-on-year (points) -3.6 -5.9 -19.5 -24.0 13.2 36.4 -0.5
ADR actual (JPY) 9,016 9,940 6,552 6,027 6,150 8,392 7,510
year-on-year (%) 13.1 8.9 -11.3 -3.6 -13.0 15.3 2.0
RevPAR actual (JPY) 2,167 3,241 1,921 2,534 3,182 4,024 2,848
year-on-year (%) -1.5 -7.9 -46.7 -38.6 16.9 377.3 0.5
Gross Revenue actual (JPY mn) 57 79 52 71 79 94 435
year-on-year (%) -3.9 -3.9 -35.2 -25.6 28.5 196.8 5.1
    (Note 1) This property was acquired on August 2, 2018.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 43.7 20.3 17.6 32.3 20.2 14.9 24.9
year-on-year (points) -49.1 -65.3 -24.9 25.1 6.3 8.0 -16.5
ADR actual (JPY) 3,529 3,689 3,975 4,437 4,084 3,992 3,921
year-on-year (%) -53.9 -49.6 -39.5 -5.4 -46.8 -10.2 -45.4
RevPAR actual (JPY) 1,542 748 700 1,433 825 594 977
year-on-year (%) -78.3 -88.0 -74.9 324.0 -22.8 95.7 -67.1
Gross Revenue actual (JPY mn) 9 4 5 8 5 4 38
year-on-year (%) -72.4 -82.7 -60.1 191.8 -7.3 90.1 -55.8
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 21.2 26.4 31.8 59.2 41.6 31.4 35.3
year-on-year (points) 9.5 16.6 23.0 22.8 -19.8 -23.0 4.9
ADR actual (JPY) 4,925 4,227 3,715 3,238 4,198 5,898 4,187
year-on-year (%) 15.0 -3.3 -5.1 -3.2 5.0 48.8 7.6
RevPAR actual (JPY) 1,045 1,117 1,182 1,917 1,745 1,849 1,476
year-on-year (%) 107.4 160.7 240.6 57.7 -28.8 -14.1 25.0
Gross Revenue actual (JPY mn) 5 5 5 9 8 9 44
year-on-year (%) 27.2 40.6 12.8 34.9 -31.8 -9.6 2.2
    (Note 1) This property was acquired on August 2, 2018.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 9.1 12.8 20.7 20.4 15.8 17.0 16.0
year-on-year (points) -81.4 -40.3 -3.5 -0.7 -10.0 -15.2 -25.2
ADR actual (JPY) 4,791 4,533 5,127 4,626 4,530 4,712 4,740
year-on-year (%) -28.5 -33.0 0.3 24.2 22.7 18.8 -15.8
RevPAR actual (JPY) 438 582 1,060 942 714 801 758
year-on-year (%) -92.8 -83.8 -14.3 20.1 -24.8 -37.4 -67.3
Gross Revenue actual (JPY mn) 2 2 5 4 3 3 20
year-on-year (%) -86.3 -80.5 0.7 8.4 -23.9 -40.9 -59.8
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 21.2 24.4 29.8 35.0 44.2 49.1 33.9
year-on-year (points) -5.1 5.6 0.9 -32.4 20.4 33.7 3.8
ADR actual (JPY) 4,376 4,334 4,033 4,068 4,619 5,605 4,620
year-on-year (%) 1.9 1.6 -0.8 -14.1 -10.4 8.9 0.3
RevPAR actual (JPY) 927 1,058 1,204 1,424 2,042 2,751 1,567
year-on-year (%) -18.0 31.5 2.2 -55.4 66.2 248.0 12.8
Gross Revenue actual (JPY mn) 3 4 4 5 7 10 35
year-on-year (%) -22.6 14.9 -3.1 -51.5 56.0 175.9 7.1
    (Note 1) This property was acquired on August 2, 2018.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 9.1 17.5 22.4 20.8 12.1 13.2 15.8
year-on-year (points) -78.0 -45.5 1.8 10.5 4.4 -4.3 -18.5
ADR actual (JPY) 6,681 11,581 7,165 6,123 6,504 5,598 7,342
year-on-year (%) -37.0 -22.8 2.2 -1.8 19.8 -7.0 -31.5
RevPAR actual (JPY) 606 2,027 1,608 1,276 788 741 1,162
year-on-year (%) -93.4 -78.6 11.3 98.6 87.5 -30.0 -68.4
Gross Revenue actual (JPY mn) 21 33 39 30 26 28 180
year-on-year (%) -80.4 -66.6 59.1 64.4 53.2 21.5 -39.0
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 27.3 27.1 25.6 42.0 49.1 50.0 36.8
year-on-year (points) 3.7 -5.6 -13.5 -15.4 15.5 38.0 3.8
ADR actual (JPY) 6,718 6,929 5,812 5,460 6,022 7,328 6,388
year-on-year (%) -15.2 -25.4 -20.9 -15.6 -11.2 9.2 -13.1
RevPAR actual (JPY) 1,832 1,876 1,488 2,295 2,957 3,667 2,354
year-on-year (%) -1.9 -38.1 -48.2 -38.2 29.8 355.1 -3.0
Gross Revenue actual (JPY mn) 35 34 29 36 41 50 228
year-on-year (%) 3.7 -18.4 -28.2 -23.6 21.1 141.3 3.4
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 7.6 9.5 22.5 29.5 35.5 23.2 21.4
year-on-year (points) -57.8 -71.4 -35.7 20.6 35.5 7.2 -16.6
ADR actual (JPY) 17,072 11,444 14,288 13,844 16,821 11,236 14,332
year-on-year (%) 34.2 -7.7 3.1 22.3 - 9.3 12.9
RevPAR actual (JPY) 1,297 1,093 3,213 4,084 5,969 2,602 3,072
year-on-year (%) -84.4 -89.1 -60.1 306.6 - 58.9 -36.3
Gross Revenue actual (JPY mn) 41 33 95 64 88 40 362
year-on-year (%) -66.1 -75.3 -2.8 152.9 155.4 5.8 -19.8
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 40.4 39.5 32.4 38.7 50.5 47.1 41.4
year-on-year (points) 6.8 -2.6 -2.9 -38.8 -38.2 -19.8 -15.8
ADR actual (JPY) 15,568 21,043 13,824 12,116 12,724 14,708 14,953
year-on-year (%) -9.9 4.9 -13.1 5.5 10.1 26.4 9.9
RevPAR actual (JPY) 6,285 8,312 4,475 4,684 6,422 6,935 6,193
year-on-year (%) 8.5 -1.6 -20.2 -47.3 -37.3 -10.9 -20.5
Gross Revenue actual (JPY mn) 77 101 69 78 86 100 515
year-on-year (%) 12.2 14.1 3.1 -29.0 -29.4 -4.9 -8.9
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 13.2 28.3 34.5 32.5 36.0 29.6 29.0
year-on-year (points) -73.0 -36.3 6.7 21.4 36.0 12.8 -5.3
ADR actual (JPY) 15,846 11,167 15,401 13,372 18,183 13,261 14,649
year-on-year (%) 7.8 -15.4 18.5 38.9 - 57.1 10.6
RevPAR actual (JPY) 2,099 3,163 5,315 4,351 6,544 3,926 4,252
year-on-year (%) -83.4 -62.9 46.9 306.7 55,458.2 177.0 -6.5
Gross Revenue actual (JPY mn) 20 24 54 31 42 26 199
year-on-year (%) -75.3 -52.5 129.6 200.5 454.0 153.4 7.6
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 43.8 47.3 54.0 48.9 64.8 53.6 52.0
year-on-year (points) 16.7 -7.8 3.4 -8.3 3.4 15.3 3.8
ADR actual (JPY) 18,192 18,854 12,178 12,665 13,344 14,549 14,780
year-on-year (%) 32.7 8.1 -24.0 -14.9 -31.4 -15.7 -11.6
RevPAR actual (JPY) 7,961 8,908 6,579 6,190 8,642 7,793 7,680
year-on-year (%) 114.5 -7.2 -19.0 -27.3 -27.7 18.0 -4.7
Gross Revenue actual (JPY mn) 49 54 41 41 55 50 294
year-on-year (%) 122.4 -3.9 -10.9 -20.1 -19.2 17.9 1.3
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 16.0 16.3 29.1 25.0 18.6 24.6 21.6
year-on-year (points) -57.0 -41.7 11.0 14.9 6.6 5.2 -10.0
ADR actual (JPY) 9,282 8,531 8,570 8,874 13,338 8,491 9,399
year-on-year (%) -19.5 -41.0 -2.8 24.3 91.9 20.3 -15.7
RevPAR actual (JPY) 1,481 1,388 2,494 2,218 2,475 2,091 2,034
year-on-year (%) -82.4 -83.4 56.4 207.1 199.0 52.5 -42.3
Gross Revenue actual (JPY mn) 14 14 33 23 22 19 127
year-on-year (%) -72.7 -69.5 142.1 182.4 137.6 79.7 -10.1
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 37.7 42.1 29.8 42.9 43.4 50.7 41.1
year-on-year (points) 5.5 -13.6 -36.2 -33.6 -17.7 13.9 -13.5
ADR actual (JPY) 14,888 16,968 12,306 12,085 10,968 13,162 13,418
year-on-year (%) 46.3 43.9 12.7 15.8 11.8 21.2 25.7
RevPAR actual (JPY) 5,608 7,149 3,662 5,180 4,760 6,668 5,519
year-on-year (%) 71.1 8.9 -49.1 -35.1 -20.5 66.8 -5.3
Gross Revenue actual (JPY mn) 37 46 28 38 33 44 229
year-on-year (%) 58.6 10.8 -41.9 -29.4 -19.1 53.2 -4.6
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 10.8 7.4 41.3 28.3 18.2 20.7 21.3
year-on-year (points) -63.0 -69.5 -8.3 18.0 18.2 20.7 -13.7
ADR actual (JPY) 5,782 6,385 5,789 5,324 6,976 4,129 5,623
year-on-year (%) -10.2 -14.1 -11.4 -1.6 - - -16.8
RevPAR actual (JPY) 624 469 2,389 1,509 1,267 856 1,198
year-on-year (%) -86.9 -91.8 -26.2 170.9 - - -49.3
Gross Revenue actual (JPY mn) 7 5 24 11 10 7 65
year-on-year (%) -78.4 -85.9 0.9 94.7 308.5 388.8 -36.3
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 43.2 29.5 32.2 37.6 54.9 54.2 41.9
year-on-year (points) 14.6 -2.0 -7.2 -5.3 5.9 24.9 5.2
ADR actual (JPY) 5,585 5,837 4,381 5,400 6,981 5,802 5,781
year-on-year (%) -5.7 2.7 -34.1 -12.1 -45.5 -24.3 -25.8
RevPAR actual (JPY) 2,411 1,724 1,411 2,029 3,834 3,146 2,424
year-on-year (%) 42.5 -3.9 -46.2 -23.0 -39.0 39.8 -15.3
Gross Revenue actual (JPY mn) 17 13 11 15 25 22 106
year-on-year (%) 21.6 6.2 -34.1 -18.2 -35.8 33.4 -11.9
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 31.4 36.4 51.6 41.6 31.9 42.9 39.3
year-on-year (points) -45.4 -47.2 2.4 24.0 18.4 12.2 -5.7
ADR actual (JPY) 5,447 6,189 5,652 6,010 7,032 5,751 5,973
year-on-year (%) -7.5 -3.8 -0.4 13.5 49.6 30.0 4.0
RevPAR actual (JPY) 1,713 2,254 2,918 2,500 2,245 2,465 2,349
year-on-year (%) -62.1 -58.1 4.5 168.9 253.0 81.7 -9.2
Gross Revenue actual (JPY mn) 34 34 48 39 35 39 231
year-on-year (%) -59.2 -60.2 23.9 138.7 113.4 53.0 -13.9
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 52.7 49.3 42.1 64.0 69.7 72.5 58.4
year-on-year (points) 0.9 4.1 -19.9 -4.2 13.9 21.1 2.7
ADR actual (JPY) 6,247 7,493 6,274 5,913 5,850 6,318 6,303
year-on-year (%) 28.5 37.8 8.1 -7.1 -25.5 2.4 3.1
RevPAR actual (JPY) 3,294 3,697 2,642 3,787 4,075 4,580 3,683
year-on-year (%) 30.8 50.2 -26.6 -12.9 -7.0 44.3 8.1
Gross Revenue actual (JPY mn) 48 51 39 56 63 69 329
year-on-year (%) 11.2 22.6 -27.5 -9.8 4.4 36.1 4.5
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 13.4 18.5 20.2 23.1 32.0 36.2 23.9
year-on-year (points) -75.2 -55.1 -15.6 0.2 19.1 9.6 -19.4
ADR actual (JPY) 4,440 4,279 5,195 4,688 4,287 4,065 4,440
year-on-year (%) -37.9 -45.7 5.2 16.7 -3.8 -6.1 -30.0
RevPAR actual (JPY) 597 792 1,048 1,085 1,371 1,470 1,063
year-on-year (%) -90.6 -86.3 -40.7 17.6 138.8 27.8 -61.3
Gross Revenue actual (JPY mn) 4 5 8 7 9 9 45
year-on-year (%) -87.5 -81.2 -33.4 2.9 64.7 30.2 -54.9
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 45.4 46.7 51.6 65.3 66.9 68.0 57.3
year-on-year (points) 12.0 20.8 15.8 24.8 41.3 26.2 23.4
ADR actual (JPY) 4,282 4,146 3,758 3,890 4,146 4,657 4,160
year-on-year (%) -1.9 5.3 -5.4 -10.9 -27.3 13.2 -4.5
RevPAR actual (JPY) 1,944 1,934 1,937 2,539 2,776 3,165 2,383
year-on-year (%) 33.3 90.4 36.4 43.7 89.7 84.4 61.7
Gross Revenue actual (JPY mn) 12 12 12 15 15 20 87
year-on-year (%) 17.0 49.7 21.8 31.2 51.4 77.5 41.5
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 10.4 12.4 28.1 25.0 18.2 17.1 18.6
year-on-year (points) -76.0 -60.9 18.5 25.0 18.2 17.1 -9.4
ADR actual (JPY) 9,425 7,483 8,184 8,142 12,733 8,812 9,081
year-on-year (%) -18.2 -50.5 7.1 - - - -29.0
RevPAR actual (JPY) 984 924 2,303 2,033 2,322 1,508 1,690
year-on-year (%) -90.1 -91.7 212.6 - - - -52.9
Gross Revenue actual (JPY mn) 10 11 22 16 16 13 91
year-on-year (%) -77.1 -73.0 181.8 97.4 80.1 262.9 -21.0
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 34.0 38.0 30.5 39.7 49.9 49.2 40.2
year-on-year (points) 3.7 -11.0 -39.3 -38.1 1.6 22.5 -10.0
ADR actual (JPY) 15,482 17,857 11,293 11,021 10,022 14,084 13,208
year-on-year (%) 50.8 26.9 4.4 12.6 2.8 25.5 21.2
RevPAR actual (JPY) 5,264 6,783 3,445 4,371 4,997 6,935 5,311
year-on-year (%) 69.2 -1.6 -54.4 -42.5 6.2 131.5 -2.9
Gross Revenue actual (JPY mn) 24 28 20 24 24 31 154
year-on-year (%) 41.3 -11.1 -45.8 -29.5 7.5 103.7 -4.0
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 31.7 36.2 45.9 45.9 38.9 40.9 39.9
year-on-year (points) -57.5 -47.3 -29.4 13.1 2.6 -12.5 -21.8
ADR actual (JPY) 4,760 4,657 5,071 4,777 5,267 4,089 4,780
year-on-year (%) -12.7 -27.1 7.7 12.8 24.2 -1.2 -6.0
RevPAR actual (JPY) 1,509 1,688 2,328 2,191 2,048 1,674 1,910
year-on-year (%) -69.0 -68.3 -34.3 58.0 33.1 -24.3 -39.1
Gross Revenue actual (JPY mn) 17 19 26 23 21 18 126
year-on-year (%) -64.2 -57.7 -7.5 93.3 38.1 -9.0 -25.8
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 54.3 41.9 46.9 71.3 84.8 87.0 64.4
year-on-year (points) 14.6 -5.4 -5.0 17.2 22.9 37.2 13.7
ADR actual (JPY) 4,916 4,716 4,370 5,523 7,254 7,122 5,947
year-on-year (%) 9.5 9.7 -4.9 15.0 8.4 22.9 14.6
RevPAR actual (JPY) 2,669 1,978 2,051 3,940 6,152 6,194 3,828
year-on-year (%) 49.8 -2.8 -14.0 51.6 48.5 114.9 45.5
Gross Revenue actual (JPY mn) 25 21 21 34 49 55 208
year-on-year (%) 46.7 17.2 2.3 39.0 42.4 103.7 44.7
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 24.9 34.1 42.1 43.2 39.4 42.8 37.8
year-on-year (points) -62.7 -42.6 24.8 34.2 26.0 -1.8 -3.5
ADR actual (JPY) 6,047 5,243 5,207 5,647 7,609 6,217 6,009
year-on-year (%) 16.1 -22.9 7.9 20.8 74.6 40.9 10.4
RevPAR actual (JPY) 1,508 1,790 2,192 2,442 2,996 2,661 2,270
year-on-year (%) -67.0 -65.7 162.5 477.4 414.9 35.1 1.1
Gross Revenue actual (JPY mn) 52 49 66 62 64 61 357
year-on-year (%) -66.2 -57.7 131.1 131.5 110.8 31.7 -12.0
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 68.2 54.5 48.2 65.2 54.2 48.6 56.5
year-on-year (points) 1.9 -17.3 -28.8 -19.2 14.8 11.2 -6.2
ADR actual (JPY) 10,038 10,001 6,117 6,405 7,297 6,341 7,817
year-on-year (%) 41.3 19.5 -22.2 3.1 10.9 -13.4 7.6
RevPAR actual (JPY) 6,841 5,453 2,951 4,174 3,951 3,084 4,419
year-on-year (%) 45.3 -9.3 -51.3 -20.4 52.5 12.4 -3.1
Gross Revenue actual (JPY mn) 122 104 60 91 105 100 583
year-on-year (%) 46.7 -4.0 -48.8 -27.3 44.2 49.2 1.5
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 22.0 23.6 34.1 24.4 19.3 32.8 26.0
year-on-year (points) -53.3 -50.3 -13.4 1.5 5.5 5.1 -17.3
ADR actual (JPY) 7,596 7,003 7,478 6,675 7,219 6,334 7,032
year-on-year (%) -8.0 -17.8 0.1 18.0 29.7 18.4 -6.3
RevPAR actual (JPY) 1,670 1,652 2,549 1,629 1,391 2,080 1,831
year-on-year (%) -73.1 -73.8 -28.2 25.6 80.9 40.3 -43.8
Gross Revenue actual (JPY mn) 18 21 36 19 18 26 140
year-on-year (%) -68.9 -63.0 26.4 61.9 49.3 43.6 -25.1
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 40.7 45.3 32.6 46.5 60.6 63.1 48.1
year-on-year (points) 0.9 -2.5 -20.8 -14.7 -4.5 30.1 -1.8
ADR actual (JPY) 7,433 7,422 6,817 6,743 7,436 6,680 7,085
year-on-year (%) 8.0 1.0 -11.4 -10.0 -24.1 -18.8 -11.4
RevPAR actual (JPY) 3,023 3,362 2,222 3,133 4,506 4,218 3,411
year-on-year (%) 10.4 -4.3 -45.9 -31.6 -29.3 55.3 -14.6
Gross Revenue actual (JPY mn) 33 34 28 32 40 46 215
year-on-year (%) 19.9 11.7 -20.4 -19.3 -19.0 61.4 1.2
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 5.3 - - 2.9 10.1 8.9 4.6
year-on-year (points) -72.8 -72.2 -9.1 2.9 10.1 8.9 -21.8
ADR actual (JPY) 3,813 - - 4,600 4,632 4,198 4,328
year-on-year (%) -37.4 -100.0 -100.0 - - - -41.7
RevPAR actual (JPY) 201 - - 133 467 374 198
year-on-year (%) -95.8 -100.0 -100.0 - - - -89.9
Gross Revenue actual (JPY mn) 3 6 6 5 4 5 32
year-on-year (%) -78.4 -73.1 152.6 72.6 24.0 142.7 -38.2
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 24.2 28.3 22.0 28.5 37.0 43.2 30.5
year-on-year (points) 9.1 -7.8 -9.6 -7.7 25.0 40.9 8.3
ADR actual (JPY) 5,566 4,205 3,907 3,838 4,296 4,692 4,428
year-on-year (%) 4.7 -21.2 -8.9 -3.0 -10.5 20.4 -4.6
RevPAR actual (JPY) 1,347 1,192 860 1,093 1,590 2,026 1,353
year-on-year (%) 68.1 -38.3 -36.5 -23.6 175.8 2,164.8 31.2
Gross Revenue actual (JPY mn) 7 6 5 6 6 7 39
year-on-year (%) 47.7 -20.9 -27.4 -5.6 68.1 130.5 16.7
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 1.1 - - 0.2 8.1 4.7 2.4
year-on-year (points) -70.1 -58.2 -7.8 0.2 8.1 4.7 -20.3
ADR actual (JPY) 7,337 - - 6,396 5,530 5,220 5,584
year-on-year (%) -3.6 -100.0 -100.0 - - - -36.0
RevPAR actual (JPY) 83 - - 10 450 245 133
year-on-year (%) -98.5 -100.0 -100.0 511.8 - - -93.3
Gross Revenue actual (JPY mn) 2 3 4 2 2 3 19
year-on-year (%) -85.3 -78.4 112.7 176.8 47.3 347.3 -48.6
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 17.2 19.1 17.2 21.6 26.6 27.1 21.4
year-on-year (points) 1.9 -19.6 -8.4 -9.2 14.6 18.3 -0.4
ADR actual (JPY) 5,810 6,298 5,191 5,066 6,333 7,022 6,040
year-on-year (%) -16.1 -15.2 4.1 8.3 -7.8 18.5 -1.0
RevPAR actual (JPY) 998 1,202 891 1,093 1,686 1,902 1,295
year-on-year (%) -5.6 -58.1 -30.3 -23.9 103.6 264.0 -3.0
Gross Revenue actual (JPY mn) 4 5 4 4 5 6 30
year-on-year (%) 17.2 -40.2 -14.0 -21.3 67.0 140.2 4.4
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) - - - 0.8 6.6 3.9 1.9
year-on-year (points) -62.3 -53.3 -1.0 0.8 6.6 3.9 -17.4
ADR actual (JPY) - - - 3,562 4,331 3,655 4,050
year-on-year (%) -100.0 -100.0 -100.0 - - - -35.6
RevPAR actual (JPY) - - - 28 286 142 77
year-on-year (%) -100.0 -100.0 -100.0 - - - -93.6
Gross Revenue actual (JPY mn) 2 3 3 3 2 3 19
year-on-year (%) -61.7 -65.9 284.9 160.2 30.6 182.7 -17.6
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 13.7 28.9 20.6 28.1 38.5 25.7 25.9
year-on-year (points) -1.1 -4.3 -6.1 0.1 30.8 25.7 7.5
ADR actual (JPY) 4,490 3,618 3,486 3,368 3,807 4,688 3,858
year-on-year (%) -11.1 -26.5 -4.7 -1.5 7.5 - -7.3
RevPAR actual (JPY) 616 1,045 719 948 1,464 1,204 998
year-on-year (%) -17.7 -36.0 -26.4 -1.2 439.4 74,660,425.0 30.3
Gross Revenue actual (JPY mn) 2 3 3 3 4 3 22
year-on-year (%) -6.1 -21.0 -10.1 14.1 203.4 114.0 21.0
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 39.5 40.1 51.8 47.3 53.3 54.0 47.8
year-on-year (points) -47.5 -50.3 -13.5 -17.1 -12.4 -10.5 -25.0
ADR actual (JPY) 4,512 4,318 4,277 4,597 4,676 4,266 4,442
year-on-year (%) -7.7 -13.7 -1.8 -4.8 -0.2 -4.9 -6.1
RevPAR actual (JPY) 1,784 1,729 2,213 2,176 2,491 2,306 2,122
year-on-year (%) -58.1 -61.8 -22.1 -30.1 -19.0 -20.4 -38.4
Gross Revenue actual (JPY mn) 4 3 5 4 5 5 29
year-on-year (%) -56.1 -60.2 -20.8 -31.6 -22.4 -23.6 -38.4
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 59.0 67.6 64.3 82.9 89.3 92.8 76.0
year-on-year (points) 3.1 13.3 -15.3 8.9 34.2 29.3 12.3
ADR actual (JPY) 4,891 4,573 4,227 3,856 4,039 4,925 4,405
year-on-year (%) 16.7 12.6 -8.5 -20.5 -18.7 5.8 -3.7
RevPAR actual (JPY) 2,885 3,092 2,720 3,198 3,606 4,571 3,347
year-on-year (%) 23.2 40.2 -26.1 -10.9 31.8 54.6 14.8
Gross Revenue actual (JPY mn) 6 7 6 7 7 10 45
year-on-year (%) 15.2 29.8 -30.6 -14.1 22.9 47.9 8.4
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 6.2 5.8 6.7 9.4 7.2 7.6 7.1
year-on-year (points) -72.0 -56.5 1.2 9.4 7.2 7.6 -17.0
ADR actual (JPY) 2,110 2,161 2,268 2,242 2,231 2,237 2,214
year-on-year (%) -27.1 -26.9 -19.6 - - - -24.1
RevPAR actual (JPY) 130 125 152 210 160 170 158
year-on-year (%) -94.2 -93.2 -1.6 - - - -77.6
Gross Revenue actual (JPY mn) 1 1 1 1 1 1 9
year-on-year (%) -86.9 -83.8 -3.2 -12.7 -31.7 -18.7 -66.3
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 9.9 9.4 10.1 11.3 18.2 27.6 14.4
year-on-year (points) 9.9 9.4 10.1 11.3 10.6 20.9 12.1
ADR actual (JPY) 2,868 2,483 2,218 2,272 2,292 2,364 2,392
year-on-year (%) - - - - 8.6 4.2 9.4
RevPAR actual (JPY) 284 233 224 257 417 652 345
year-on-year (%) - - - - 161.9 328.4 568.5
Gross Revenue actual (JPY mn) 2 2 1 1 2 3 14
year-on-year (%) 10.4 -2.2 -17.8 53.0 79.4 137.6 34.2
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 35.9 38.3 54.9 52.4 58.7 56.1 49.5
year-on-year (points) -49.7 -54.1 -32.7 -6.8 1.7 -14.4 -25.8
ADR actual (JPY) 4,676 4,612 4,810 4,455 4,602 3,959 4,505
year-on-year (%) -12.4 -21.0 5.9 17.5 22.2 -2.3 -3.7
RevPAR actual (JPY) 1,680 1,764 2,640 2,333 2,703 2,220 2,230
year-on-year (%) -63.3 -67.3 -33.6 4.0 25.9 -22.2 -36.7
Gross Revenue actual (JPY mn) 5 5 7 6 7 5 37
year-on-year (%) -54.9 -58.5 -24.1 3.9 20.3 -23.1 -30.3
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 75.6 65.0 61.9 81.6 87.5 91.9 77.3
year-on-year (points) 21.3 5.3 -6.2 14.7 21.0 39.4 16.0
ADR actual (JPY) 4,522 4,508 4,345 5,202 6,828 6,836 5,507
year-on-year (%) 8.2 5.7 -0.5 13.5 16.3 30.2 15.8
RevPAR actual (JPY) 3,417 2,932 2,688 4,243 5,974 6,280 4,255
year-on-year (%) 50.7 15.1 -9.6 38.3 53.1 128.0 46.1
Gross Revenue actual (JPY mn) 8 7 7 10 14 15 64
year-on-year (%) 38.4 12.8 -4.8 28.8 46.6 104.2 38.1
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 63.2 57.0 70.3 50.9 51.1 71.3 60.7
year-on-year (points) -9.2 -23.2 40.2 24.2 9.6 8.6 8.7
ADR actual (JPY) 7,569 7,769 7,295 7,008 6,969 7,076 7,283
year-on-year (%) -1.9 -6.5 -6.4 -0.9 15.6 14.5 0.0
RevPAR actual (JPY) 4,782 4,428 5,130 3,564 3,558 5,044 4,419
year-on-year (%) -14.3 -33.6 118.4 89.2 42.5 30.2 16.7
Gross Revenue actual (JPY mn) 11 9 13 8 8 11 62
year-on-year (%) -14.8 -35.7 138.8 85.3 38.8 29.9 18.2
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 82.4 76.9 77.2 88.0 78.1 82.0 80.8
year-on-year (points) 5.6 2.2 -7.7 3.0 10.2 1.6 2.5
ADR actual (JPY) 7,684 7,838 7,683 7,574 7,385 7,674 7,639
year-on-year (%) 9.8 8.7 4.3 1.9 0.2 3.3 4.6
RevPAR actual (JPY) 6,335 6,028 5,934 6,663 5,768 6,291 6,173
year-on-year (%) 17.8 12.0 -5.1 5.5 15.3 5.3 7.9
Gross Revenue actual (JPY mn) 14 13 13 15 13 14 85
year-on-year (%) 17.2 12.2 -5.7 5.3 16.1 2.7 7.4
    (Note 1) This property was acquired on July 19, 2019.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 66.1 37.4 45.6 61.9 54.0 62.1 54.7
year-on-year (points) -15.5 -32.7 7.8 3.7 12.1 10.0 -2.1
ADR actual (JPY) 6,792 6,720 6,806 7,060 6,653 6,557 6,769
year-on-year (%) -18.9 -11.9 -9.9 -39.5 -22.4 1.2 -19.7
RevPAR actual (JPY) 4,493 2,515 3,103 4,373 3,591 4,071 3,704
year-on-year (%) -34.3 -52.9 8.5 -35.6 0.1 20.6 -22.7
Gross Revenue actual (JPY mn) 144 87 126 157 152 155 823
year-on-year (%) -15.5 -41.5 50.6 -9.1 45.1 39.2 3.7
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 74.9 60.5 57.2 67.1 87.3 58.4 67.5
year-on-year (points) 22.6 2.6 -3.0 2.0 -5.5 -25.8 -1.2
ADR actual (JPY) 7,242 7,154 6,735 6,649 6,263 7,059 6,826
year-on-year (%) 8.9 -1.6 -3.8 -2.7 -6.2 -0.2 -1.2
RevPAR actual (JPY) 5,422 4,327 3,852 4,460 5,470 4,124 4,609
year-on-year (%) 55.9 2.7 -8.6 0.3 -11.7 -30.7 -2.9
Gross Revenue actual (JPY mn) 202 156 141 192 183 144 1,020
year-on-year (%) 68.5 4.9 -2.0 37.7 10.0 -20.8 13.1
    (Note 1) This property was acquired on January 6, 2020.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 52.4 62.8 69.5 54.0 51.0 58.3 58.0
year-on-year (points) -35.1 -23.5 14.9 27.8 9.0 -15.7 -3.7
ADR actual (JPY) 5,444 5,459 5,657 6,058 7,132 6,221 5,969
year-on-year (%) -11.6 -15.3 -5.7 22.4 80.4 47.9 9.1
RevPAR actual (JPY) 2,853 3,428 3,932 3,270 3,640 3,630 3,459
year-on-year (%) -47.1 -38.4 20.1 152.1 119.0 16.6 2.6
Gross Revenue actual (JPY mn) 52 54 71 55 59 59 352
year-on-year (%) -39.9 -45.5 27.9 106.7 97.4 38.8 2.9
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 66.1 58.1 54.4 69.9 68.3 76.9 65.7
year-on-year (points) -12.3 -22.7 -32.4 -18.4 -2.2 13.0 -12.4
ADR actual (JPY) 7,007 6,826 5,477 7,326 7,245 7,324 6,934
year-on-year (%) 25.5 15.3 -17.3 -3.2 -10.0 17.4 4.1
RevPAR actual (JPY) 4,634 3,966 2,977 5,122 4,951 5,631 4,553
year-on-year (%) 5.9 -17.2 -48.1 -23.4 -12.8 41.2 -12.5
Gross Revenue actual (JPY mn) 64 50 48 75 75 86 400
year-on-year (%) 4.0 -14.6 -32.7 -8.0 5.4 1.7 -7.1
    (Note 1) This property was acquired on January 6, 2020.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) - - - - - 4.1 0.7
year-on-year (points) -88.6 -93.5 -43.5 - - 4.1 -36.7
ADR actual (USD) 0 0 0 0 0 275 282
year-on-year (%) -100.0 -100.0 -100.0 - - - -50.5
RevPAR actual (USD) 0 - - - - 11 2
year-on-year (%) -99.9 -100.0 -100.0 - - - -99.1
Gross Revenue actual (USD'000) 258 382 320 366 223 582 2,133
year-on-year (%) -96.9 -96.0 -93.4 221.1 - 1,623.2 -90.7
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 5.6 7.3 3.9 4.7 3.1 13.1 6.3
year-on-year (points) 5.6 7.3 3.9 4.7 3.1 13.1 6.3
ADR actual (USD) 290 258 250 266 296 373 306
year-on-year (%) - - - - - - -
RevPAR actual (USD) 16 19 10 13 9 49 19
year-on-year (%) - - - - - - -
Gross Revenue actual (USD'000) 722 758 566 536 430 2,421 5,436
year-on-year (%) 317.3 514.8 287.1 288.6 317.1 88.1 175.8
    (Note 1) This property was acquired on Septemer 28, 2018.
    (Note 2) The hotel had been closed since late March 2020 but resumed operations on a limited basis from June 2021.
2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/01～06
Occupancy Rate actual (%) 23.8 39.4 28.7 26.6 21.5 21.3 26.7
year-on-year (points) -63.1 -55.0 -18.7 26.6 21.5 21.3 -11.2
ADR actual (USD) 173 171 154 134 136 143 154
year-on-year (%) -36.6 -38.6 -44.1 - - - -44.3
RevPAR actual (USD) 41 67 44 36 29 30 41
year-on-year (%) -82.6 -74.4 -66.2 4,672.0 66,812.9 - -60.8
Gross Revenue actual (USD'000) 250 367 264 213 186 185 1,468
year-on-year (%) -82.1 -74.4 -66.7 2,095.9 23,036.1 1,047.4 -59.8
2021/07 2021/08 2021/09 2021/10 2021/11 2021/12 2021/07～12
Occupancy Rate actual (%) 33.8 31.7 39.6 49.2 37.2 33.1 37.4
year-on-year (points) 33.8 31.7 39.6 22.3 -1.8 1.6 21.2
ADR actual (USD) 140 135 130 127 138 196 143
year-on-year (%) - - - -33.1 -21.2 17.0 -19.8
RevPAR actual (USD) 47 43 51 62 51 65 53
year-on-year (%) 6,418.5 19,519.2 - 22.4 -24.8 23.1 85.6
Gross Revenue actual (USD'000) 277 246 286 352 331 360 1,854
year-on-year (%) 603.4 606.3 833.2 11.3 -17.3 19.5 64.9
    (Note 1) This property was acquired on Septemer 28, 2018.

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