Hotel Performance

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Domestic Hotels Total
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
# of Properties (Note2) actual - 72 (83) 72 (83) 72 (83) 72 (83) 72 (83) 72 (83) 72 (83)
Occupancy Rate actual (%) 46.9 49.7 62.3 68.0 68.5 67.3 60.6
ADR actual (JPY) 6,588 5,913 6,683 7,108 7,711 7,015 6,912
RevPAR actual (JPY) 3,092 2,936 4,164 4,836 5,285 4,722 4,186
Gross Revenue actual (JPY mn) 1,871 1,533 2,388 2,658 3,007 2,751 14,211
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
# of Properties (Note2) actual - 72 (83) 72 (83) 72 (83) 72 (83) 72 (83) 72 (83) 72 (83)
Occupancy Rate actual (%) 70.6 75.6 73.1 74.3 78.1 79.4 75.2
ADR actual (JPY) 8,801 10,390 8,451 8,998 9,856 10,655 9,556
RevPAR actual (JPY) 6,213 7,855 6,175 6,685 7,696 8,463 7,184
Gross Revenue actual (JPY mn) 3,367 4,060 3,254 3,672 3,968 4,292 22,616
Overseas Hotels Total
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
# of Properties (Note2) actual - 2 2 2 2 2 2 2
Occupancy Rate actual (%) 22.3 27.3 40.2 51.1 47.4 49.6 39.7
ADR actual (USD) 230 394 425 415 360 341 370
RevPAR actual (USD) 51 107 171 212 171 169 147
Gross Revenue actual (USD'000) 1,699 2,860 4,786 5,930 5,096 5,115 25,488
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
# of Properties (Note2) actual - 2 2 2 2 2 2 2
Occupancy Rate actual (%) 52.1 44.6 30.7 52.2 78.1 79.3 56.2
ADR actual (USD) 335 293 261 298 404 630 403
RevPAR actual (USD) 175 130 80 155 316 500 226
Gross Revenue actual (USD'000) 5,395 4,262 2,746 4,585 7,915 11,741 36,645
  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 July 2022 includes the amount of employment adjustment subsidies to be received by the hotel operators, which require a certain period of time to confirm. Therefore, the amount of Gross Revenue is subject to change retroactively in the future when the amount of employment adjustment subsidies is confirmed.
  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 has been accepting COVID-19 patients with mild or no symptoms since January 16, 2022 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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2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 39.2 57.5 67.1 78.1 75.3 69.4 64.5
year-on-year (points) 18.8 33.7 38.5 44.4 50.5 30.2 36.0
ADR actual (JPY) 4,321 4,068 4,169 4,913 4,826 4,872 4,577
year-on-year (%) 17.4 4.8 8.0 23.1 21.6 41.5 20.9
RevPAR actual (JPY) 1,696 2,340 2,798 3,837 3,633 3,383 2,950
year-on-year (%) 125.3 153.2 153.1 185.0 269.2 150.2 174.0
Gross Revenue actual (JPY mn) 6 8 11 14 14 13 70
year-on-year (%) 64.6 87.1 97.7 154.3 216.4 127.4 125.5
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 71.2 68.0 70.4 75.7 87.8 84.6 76.2
year-on-year (points) 31.8 30.1 28.7 14.7 26.6 28.4 26.7
ADR actual (JPY) 5,241 5,067 5,171 5,793 7,828 9,571 6,591
year-on-year (%) 32.0 37.0 43.0 64.3 117.5 96.2 69.3
RevPAR actual (JPY) 3,733 3,445 3,641 4,382 6,873 8,093 5,026
year-on-year (%) 138.3 145.5 141.5 103.9 211.9 195.6 160.5
Gross Revenue actual (JPY mn) 14 13 13 17 26 31 118
year-on-year (%) 101.7 122.4 120.9 93.1 193.9 177.4 139.6
    (Note 1) This property was acquired on May 23, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 39.4 68.0 64.9 70.7 77.0 62.4 63.6
year-on-year (points) -17.1 56.5 53.0 50.3 55.6 25.1 36.9
ADR actual (JPY) 3,565 3,165 3,434 3,395 3,399 3,463 3,394
year-on-year (%) 12.2 -12.5 -6.5 -18.0 -3.9 7.1 -1.0
RevPAR actual (JPY) 1,404 2,152 2,229 2,401 2,618 2,161 2,160
year-on-year (%) -21.8 418.6 408.7 184.2 246.0 79.4 135.8
Gross Revenue actual (JPY mn) 7 10 11 12 14 11 68
year-on-year (%) -20.6 250.4 208.4 133.4 194.7 68.5 103.4
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 77.9 80.2 73.6 81.5 79.2 75.4 78.0
year-on-year (points) 57.0 59.9 43.7 34.6 55.6 40.0 48.5
ADR actual (JPY) 3,625 3,717 3,780 3,843 4,686 5,487 4,182
year-on-year (%) -1.9 3.8 17.7 28.7 21.5 29.8 18.1
RevPAR actual (JPY) 2,825 2,982 2,784 3,132 3,713 4,137 3,262
year-on-year (%) 264.9 310.2 189.3 123.4 307.7 176.5 211.7
Gross Revenue actual (JPY mn) 14 15 14 16 19 21 102
year-on-year (%) 213.7 242.8 148.3 108.5 244.2 150.9 174.9
    (Note 1) This property was acquired on May 23, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 43.3 42.6 56.7 52.3 56.3 50.1 50.3
year-on-year (points) 32.5 29.6 35.9 36.7 38.8 33.9 34.6
ADR actual (JPY) 4,083 3,302 4,811 5,308 5,350 4,297 4,610
year-on-year (%) -7.3 -18.8 -9.7 10.6 41.9 17.0 5.0
RevPAR actual (JPY) 1,770 1,406 2,725 2,776 3,013 2,153 2,320
year-on-year (%) 268.9 167.2 146.4 271.5 356.4 262.3 237.1
Gross Revenue actual (JPY mn) 14 11 22 21 25 18 113
year-on-year (%) 147.6 100.7 75.3 181.4 256.5 185.1 149.8
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 56.4 61.3 62.2 68.6 72.6 66.0 64.5
year-on-year (points) 31.9 37.9 36.2 37.5 18.0 11.8 28.9
ADR actual (JPY) 5,802 4,815 5,125 6,055 12,310 9,265 7,375
year-on-year (%) 42.4 32.6 36.3 58.2 99.7 91.2 57.9
RevPAR actual (JPY) 3,271 2,953 3,189 4,156 8,943 6,115 4,757
year-on-year (%) 228.3 246.6 225.3 248.8 165.6 133.0 186.0
Gross Revenue actual (JPY mn) 27 25 26 33 67 48 228
year-on-year (%) 207.1 220.0 196.4 203.0 162.2 122.6 171.1
    (Note 1) This property was acquired on July 17, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 51.8 59.0 66.6 60.2 57.4 56.7 58.6
year-on-year (points) 26.1 33.4 32.0 17.2 30.3 19.7 26.4
ADR actual (JPY) 6,847 6,047 7,831 7,086 8,245 6,593 7,148
year-on-year (%) 16.7 23.7 48.2 31.3 42.0 32.5 33.4
RevPAR actual (JPY) 3,544 3,570 5,218 4,266 4,731 3,737 4,190
year-on-year (%) 135.3 184.6 184.9 83.8 200.7 103.2 142.9
Gross Revenue actual (JPY mn) 26 23 34 38 33 33 189
year-on-year (%) 119.8 135.8 99.6 72.5 154.8 29.4 88.8
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 71.5 85.9 81.0 76.1 81.3 86.9 80.4
year-on-year (points) 39.0 51.9 36.8 33.6 24.0 22.4 34.7
ADR actual (JPY) 7,889 8,669 8,415 10,324 14,796 16,407 11,191
year-on-year (%) 34.3 65.2 65.7 97.7 148.4 85.4 77.9
RevPAR actual (JPY) 5,644 7,448 6,812 7,854 12,025 14,251 9,001
year-on-year (%) 195.5 317.8 203.7 253.9 252.6 149.9 212.7
Gross Revenue actual (JPY mn) 40 45 43 53 73 84 340
year-on-year (%) 153.7 120.1 130.2 140.9 177.3 118.1 138.4
    (Note 1) This property was acquired on July 17, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 75.4 82.1 80.1 72.3 84.3 84.1 79.7
year-on-year (points) 51.1 60.7 48.0 29.4 54.6 35.9 46.5
ADR actual (JPY) 11,340 9,384 13,761 11,690 12,050 9,394 11,286
year-on-year (%) 10.0 20.2 60.7 26.9 14.4 28.2 27.5
RevPAR actual (JPY) 8,556 7,705 11,019 8,451 10,154 7,901 8,994
year-on-year (%) 240.6 360.4 301.5 114.2 224.8 123.4 206.4
Gross Revenue actual (JPY mn) 27 22 33 25 31 24 165
year-on-year (%) 184.3 249.5 119.4 92.9 179.7 98.2 141.6
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 84.7 94.4 87.4 84.6 94.2 94.7 90.0
year-on-year (points) 32.5 50.8 32.1 30.4 8.9 1.4 26.1
ADR actual (JPY) 13,148 15,124 12,934 16,067 21,805 27,045 17,867
year-on-year (%) 40.2 57.7 66.9 103.8 139.0 88.6 76.5
RevPAR actual (JPY) 11,136 14,279 11,301 13,585 20,545 25,600 16,076
year-on-year (%) 127.8 241.0 164.0 218.0 164.0 91.4 148.5
Gross Revenue actual (JPY mn) 35 45 33 41 59 76 291
year-on-year (%) 116.3 211.0 138.5 179.3 143.4 85.8 132.5
    (Note 1) This property was acquired on July 17, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 60.8 57.7 79.2 72.6 71.2 80.4 70.4
year-on-year (points) 28.4 16.4 19.7 31.1 39.4 35.1 28.5
ADR actual (JPY) 6,138 5,787 7,060 7,462 7,242 7,875 7,017
year-on-year (%) 0.0 -8.4 1.0 18.3 30.4 44.5 13.1
RevPAR actual (JPY) 3,731 3,339 5,594 5,414 5,152 6,330 4,943
year-on-year (%) 87.7 28.0 34.4 106.8 192.6 156.7 90.1
Gross Revenue actual (JPY mn) 24 20 32 30 30 34 172
year-on-year (%) 52.1 -5.9 23.1 65.5 98.7 92.7 49.1
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 72.4 72.9 74.5 80.0 85.9 90.0 79.3
year-on-year (points) 19.3 22.4 22.3 11.3 5.6 6.7 14.6
ADR actual (JPY) 8,142 8,146 8,062 10,476 13,857 15,091 10,865
year-on-year (%) 44.2 25.6 56.3 96.8 136.2 96.6 77.5
RevPAR actual (JPY) 5,895 5,938 6,009 8,376 11,898 13,576 8,612
year-on-year (%) 96.7 81.1 123.1 129.2 152.5 112.5 117.7
Gross Revenue actual (JPY mn) 32 38 35 46 60 70 284
year-on-year (%) 60.6 72.0 84.1 101.3 123.1 98.5 92.4
    (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.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 65.8 71.1 78.6 81.4 83.8 80.8 77.0
year-on-year (points) 40.1 45.1 44.8 47.0 56.7 43.3 46.2
ADR actual (JPY) 4,281 4,250 4,818 4,814 5,168 4,640 4,692
year-on-year (%) -4.9 -10.3 -2.6 4.3 11.4 3.9 0.9
RevPAR actual (JPY) 2,819 3,020 3,786 3,917 4,330 3,748 3,610
year-on-year (%) 143.1 145.2 126.8 147.1 244.3 124.1 152.4
Gross Revenue actual (JPY mn) 27 26 37 36 40 35 202
year-on-year (%) 110.1 104.7 85.1 117.4 188.0 91.0 113.3
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 82.1 86.6 83.7 79.8 82.3 84.5 83.2
year-on-year (points) 40.3 29.4 27.9 13.0 11.9 9.9 22.1
ADR actual (JPY) 5,298 5,242 5,430 6,319 6,887 7,491 6,106
year-on-year (%) 13.9 19.5 42.3 56.6 66.9 61.3 43.0
RevPAR actual (JPY) 4,349 4,541 4,545 5,042 5,667 6,327 5,078
year-on-year (%) 123.8 80.8 113.5 87.1 95.1 82.6 94.6
Gross Revenue actual (JPY mn) 41 43 41 47 52 58 285
year-on-year (%) 103.4 57.7 101.4 77.6 84.1 73.4 80.8
    (Note 1) This property was acquired on July 17, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 56.7 66.6 74.8 80.2 75.8 69.8 70.7
year-on-year (points) 40.5 55.0 53.1 50.7 51.8 43.2 49.0
ADR actual (JPY) 3,067 3,052 3,179 3,792 3,808 3,712 3,463
year-on-year (%) -7.9 -16.0 -12.2 4.4 17.2 18.5 1.3
RevPAR actual (JPY) 1,738 2,034 2,379 3,041 2,885 2,593 2,448
year-on-year (%) 223.4 380.8 202.8 184.2 270.3 210.5 230.2
Gross Revenue actual (JPY mn) 10 11 15 19 18 15 91
year-on-year (%) 160.0 260.8 138.9 148.7 233.6 171.1 177.5
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 71.0 78.5 72.1 78.8 82.9 87.7 78.5
year-on-year (points) 37.5 53.0 39.2 36.9 31.8 23.5 37.0
ADR actual (JPY) 4,232 3,987 4,134 5,012 7,574 7,972 5,587
year-on-year (%) 37.4 25.1 39.9 73.3 145.6 123.5 76.2
RevPAR actual (JPY) 3,005 3,128 2,983 3,950 6,276 6,995 4,387
year-on-year (%) 191.0 286.0 206.5 225.8 298.5 205.4 233.3
Gross Revenue actual (JPY mn) 18 19 18 25 38 44 163
year-on-year (%) 152.2 243.9 172.2 200.0 283.6 202.9 211.1
    (Note 1) This property was acquired on July 17, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 78.3 85.5 87.9 86.0 82.7 80.8 83.5
year-on-year (points) 37.1 44.4 31.2 30.9 23.5 20.4 31.1
ADR actual (JPY) 5,323 5,087 5,723 6,868 7,816 6,658 6,258
year-on-year (%) 9.3 13.6 22.6 35.6 55.7 32.5 28.3
RevPAR actual (JPY) 4,167 4,350 5,033 5,906 6,466 5,379 5,226
year-on-year (%) 107.6 136.2 90.2 111.6 117.5 77.2 104.4
Gross Revenue actual (JPY mn) 29 25 32 39 42 35 204
year-on-year (%) 132.6 128.8 73.1 120.1 104.4 69.7 100.5
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 84.0 93.7 83.3 81.1 80.4 84.3 84.5
year-on-year (points) 19.2 19.5 13.4 3.5 3.4 -1.7 9.6
ADR actual (JPY) 7,785 7,511 7,902 8,421 9,772 12,082 8,886
year-on-year (%) 41.2 49.1 74.2 80.4 63.5 54.3 56.9
RevPAR actual (JPY) 6,541 7,035 6,579 6,832 7,858 10,183 7,508
year-on-year (%) 82.9 88.2 107.5 88.6 70.8 51.2 76.9
Gross Revenue actual (JPY mn) 42 47 42 44 50 66 294
year-on-year (%) 82.0 88.0 84.1 83.6 65.8 44.9 70.6
    (Note 1) This property was acquired on July 17, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 50.2 65.1 63.2 75.9 85.6 62.2 67.0
year-on-year (points) 5.2 41.0 40.6 47.0 69.0 46.1 41.4
ADR actual (JPY) 3,856 4,207 4,460 4,829 4,836 4,288 4,470
year-on-year (%) 13.1 15.4 17.3 24.5 25.0 12.9 21.4
RevPAR actual (JPY) 1,935 2,738 2,818 3,664 4,139 2,668 2,996
year-on-year (%) 26.2 211.5 228.3 227.1 545.2 335.6 217.8
Gross Revenue actual (JPY mn) 5 7 8 10 12 7 51
year-on-year (%) 21.9 178.6 184.5 219.2 376.2 308.2 187.8
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 71.8 73.4 67.2 77.8 79.4 82.5 75.4
year-on-year (points) 43.1 34.1 23.8 29.9 26.2 21.8 29.9
ADR actual (JPY) 4,308 4,293 4,479 4,694 5,977 7,060 5,192
year-on-year (%) 14.1 21.9 31.5 36.1 57.7 71.4 40.2
RevPAR actual (JPY) 3,095 3,151 3,010 3,654 4,746 5,826 3,914
year-on-year (%) 185.8 127.4 103.6 121.0 135.2 132.9 132.2
Gross Revenue actual (JPY mn) 9 9 8 10 13 17 68
year-on-year (%) 182.1 120.7 94.5 116.2 131.8 129.3 127.0
    (Note 1) This property was acquired on July 17, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 39.4 48.8 67.4 75.1 76.3 63.3 61.9
year-on-year (points) 13.3 35.2 46.3 49.7 58.2 44.6 41.3
ADR actual (JPY) 4,173 3,788 4,090 4,305 4,386 4,356 4,213
year-on-year (%) 17.7 -9.6 -3.7 -1.9 0.6 -0.7 1.4
RevPAR actual (JPY) 1,645 1,850 2,758 3,235 3,347 2,756 2,606
year-on-year (%) 77.7 224.5 207.2 190.2 323.8 236.8 204.4
Gross Revenue actual (JPY mn) 9 9 15 17 18 15 85
year-on-year (%) 52.2 121.7 118.4 136.6 255.0 190.5 142.0
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 70.9 74.3 73.8 70.0 83.6 83.4 76.0
year-on-year (points) 28.6 49.5 50.7 30.5 29.3 23.2 35.2
ADR actual (JPY) 5,029 4,952 5,155 6,640 9,076 10,444 7,014
year-on-year (%) 13.0 24.3 42.0 80.3 126.6 111.2 65.9
RevPAR actual (JPY) 3,567 3,679 3,807 4,651 7,588 8,710 5,330
year-on-year (%) 89.4 271.9 353.4 219.4 248.8 192.6 209.5
Gross Revenue actual (JPY mn) 19 20 21 25 41 49 177
year-on-year (%) 71.6 211.1 266.3 179.3 240.3 187.9 185.1
    (Note 1) This property was acquired on July 17, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 55.1 72.0 66.0 88.2 78.6 77.9 72.9
year-on-year (points) 6.6 2.8 4.9 19.5 25.9 13.7 12.4
ADR actual (JPY) 4,933 5,764 5,042 5,592 5,340 5,157 5,324
year-on-year (%) 6.3 10.5 3.7 2.0 22.3 3.6 7.4
RevPAR actual (JPY) 2,719 4,152 3,328 4,935 4,198 4,018 3,881
year-on-year (%) 20.8 15.0 12.0 31.0 82.2 25.8 29.3
Gross Revenue actual (JPY mn) 6 8 7 10 8 8 49
year-on-year (%) 7.3 5.1 -1.8 27.1 47.6 19.9 16.7
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 89.7 85.1 80.2 90.9 92.9 94.1 88.8
year-on-year (points) 23.0 17.9 27.3 35.3 27.9 28.5 26.6
ADR actual (JPY) 5,358 5,973 5,566 5,908 7,019 8,463 6,420
year-on-year (%) 4.7 11.8 21.7 44.6 55.3 50.9 30.7
RevPAR actual (JPY) 4,804 5,082 4,465 5,368 6,520 7,963 5,703
year-on-year (%) 40.9 41.6 84.4 136.5 122.1 116.6 86.7
Gross Revenue actual (JPY mn) 10 10 9 11 12 16 70
year-on-year (%) 26.0 33.3 59.5 104.3 92.9 89.4 65.1
    (Note 1) This property was acquired on July 17, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 35.9 55.0 72.0 86.5 86.6 75.6 68.7
year-on-year (points) -40.1 38.0 58.9 72.7 64.8 48.9 40.4
ADR actual (JPY) 3,445 3,392 3,400 3,940 3,281 3,291 3,470
year-on-year (%) 10.8 2.0 -2.5 18.6 -1.4 1.5 7.6
RevPAR actual (JPY) 1,238 1,866 2,446 3,409 2,843 2,488 2,384
year-on-year (%) -47.7 230.8 438.3 644.1 291.7 187.2 160.8
Gross Revenue actual (JPY mn) 2 3 5 7 6 5 32
year-on-year (%) -48.8 148.1 246.7 413.9 207.6 146.9 118.8
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 81.3 86.7 82.2 91.0 81.9 85.3 84.8
year-on-year (points) 43.2 53.7 54.5 60.0 64.4 46.3 53.6
ADR actual (JPY) 3,402 3,347 3,430 3,564 4,525 4,962 3,868
year-on-year (%) 1.4 2.2 3.3 6.2 14.8 22.8 9.4
RevPAR actual (JPY) 2,767 2,902 2,819 3,245 3,708 4,231 3,279
year-on-year (%) 116.2 168.3 206.6 211.9 436.3 168.9 197.8
Gross Revenue actual (JPY mn) 6 6 6 7 8 9 44
year-on-year (%) 94.2 134.6 164.0 174.7 355.9 143.9 163.1
    (Note 1) This property was acquired on July 17, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 55.8 73.8 74.5 91.1 90.2 95.8 80.2
year-on-year (points) 0.2 2.7 -3.7 12.5 19.8 43.9 12.6
ADR actual (JPY) 4,835 4,525 4,811 5,372 5,059 5,196 5,003
year-on-year (%) 8.8 5.7 15.4 15.0 6.7 18.2 12.3
RevPAR actual (JPY) 2,697 3,341 3,584 4,894 4,564 4,979 4,010
year-on-year (%) 9.1 9.7 9.9 33.4 36.7 118.3 33.2
Gross Revenue actual (JPY mn) 4 5 6 8 7 8 41
year-on-year (%) 0.7 4.4 1.8 23.6 29.1 106.9 24.7
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 93.8 86.2 89.7 96.7 94.2 96.5 92.8
year-on-year (points) 18.8 22.0 29.8 27.8 15.5 25.9 23.3
ADR actual (JPY) 5,774 5,585 5,951 6,157 6,916 7,983 6,415
year-on-year (%) 25.8 11.9 28.6 40.1 48.9 52.1 35.1
RevPAR actual (JPY) 5,415 4,812 5,338 5,951 6,518 7,702 5,956
year-on-year (%) 57.2 50.3 92.4 96.7 78.1 107.8 80.3
Gross Revenue actual (JPY mn) 9 8 8 10 10 13 61
year-on-year (%) 51.1 40.9 80.1 86.3 70.8 98.1 71.4
    (Note 1) This property was acquired on July 17, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 35.4 49.9 40.5 68.0 68.8 34.0 49.4
year-on-year (points) 4.1 16.2 12.0 44.1 49.9 11.3 23.0
ADR actual (JPY) 4,263 4,420 4,363 4,417 4,452 4,450 4,403
year-on-year (%) -1.0 0.8 -2.3 -6.9 -1.9 2.7 -1.0
RevPAR actual (JPY) 1,509 2,208 1,765 3,003 3,065 1,513 2,176
year-on-year (%) 12.0 49.2 38.9 164.5 255.6 53.8 85.0
Gross Revenue actual (JPY mn) 6 8 7 11 12 6 52
year-on-year (%) 9.3 41.6 29.1 149.0 231.1 48.9 75.3
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 34.5 54.2 44.5 67.2 76.3 74.3 58.5
year-on-year (points) 10.3 24.9 19.3 49.8 53.5 37.0 32.4
ADR actual (JPY) 4,469 4,088 4,132 4,120 4,429 4,664 4,333
year-on-year (%) -3.1 -8.2 0.1 -8.6 0.1 7.0 -1.6
RevPAR actual (JPY) 1,543 2,217 1,840 2,768 3,380 3,464 2,534
year-on-year (%) 38.1 69.8 76.8 252.8 234.6 113.5 120.7
Gross Revenue actual (JPY mn) 6 9 7 11 13 14 61
year-on-year (%) 31.5 62.2 70.1 215.0 220.4 111.4 110.8
    (Note 1) This property was acquired on July 17, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 26.1 33.7 37.7 56.8 59.3 55.5 44.9
year-on-year (points) -13.4 12.9 17.5 8.6 29.2 31.0 14.3
ADR actual (JPY) 3,841 3,882 3,733 3,966 3,926 3,971 3,902
year-on-year (%) 15.3 -12.4 -9.1 -6.5 -7.0 0.6 -2.5
RevPAR actual (JPY) 1,001 1,308 1,407 2,254 2,328 2,204 1,752
year-on-year (%) -23.9 42.3 69.9 10.2 82.9 128.1 42.9
Gross Revenue actual (JPY mn) 3 4 5 7 7 7 35
year-on-year (%) -21.6 37.0 58.5 9.4 74.7 111.6 38.5
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 48.8 52.2 53.3 56.1 66.6 69.9 57.8
year-on-year (points) 15.2 20.3 25.4 23.1 37.7 35.2 26.1
ADR actual (JPY) 4,014 3,998 3,841 3,876 4,156 3,999 3,987
year-on-year (%) 6.3 7.6 -1.0 3.5 7.9 7.2 5.5
RevPAR actual (JPY) 1,960 2,088 2,046 2,176 2,769 2,797 2,305
year-on-year (%) 54.4 76.2 89.0 76.1 148.4 115.8 92.3
Gross Revenue actual (JPY mn) 6 7 6 7 9 9 46
year-on-year (%) 49.6 70.2 80.5 69.3 135.1 105.1 84.2
    (Note 1) This property was acquired on July 17, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 74.0 83.0 80.3 89.1 82.1 79.2 81.2
year-on-year (points) 54.1 56.3 47.9 16.7 22.0 31.1 37.9
ADR actual (JPY) 4,129 3,960 4,795 4,738 4,739 4,422 4,479
year-on-year (%) -23.4 -16.8 -14.7 5.3 13.1 15.3 -1.4
RevPAR actual (JPY) 3,054 3,288 3,848 4,219 3,891 3,504 3,637
year-on-year (%) 185.7 158.4 111.3 29.6 54.6 89.8 84.8
Gross Revenue actual (JPY mn) 11 10 13 14 13 12 76
year-on-year (%) 156.9 119.4 77.8 23.4 42.4 63.4 65.9
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 83.6 83.9 82.1 79.4 80.5 85.3 82.5
year-on-year (points) 37.7 30.8 29.8 14.2 1.1 0.9 19.1
ADR actual (JPY) 5,181 5,619 5,090 6,035 9,077 9,987 6,837
year-on-year (%) 31.8 38.3 32.3 68.9 144.1 119.1 72.1
RevPAR actual (JPY) 4,330 4,714 4,180 4,790 7,303 8,520 5,638
year-on-year (%) 140.0 118.5 107.7 105.5 147.5 121.6 124.0
Gross Revenue actual (JPY mn) 15 16 15 16 24 30 119
year-on-year (%) 122.5 113.7 131.4 114.4 162.5 138.9 132.5
    (Note 1) This property was acquired on July 17, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 31.5 40.9 49.2 71.5 61.8 53.0 51.4
year-on-year (points) -1.2 3.1 8.1 28.8 31.6 19.0 15.0
ADR actual (JPY) 5,545 5,999 5,717 6,322 5,912 5,502 5,876
year-on-year (%) -3.1 15.2 2.3 7.5 7.6 3.5 5.9
RevPAR actual (JPY) 1,748 2,454 2,815 4,518 3,654 2,915 3,019
year-on-year (%) -6.8 24.8 22.4 80.0 120.1 61.4 49.5
Gross Revenue actual (JPY mn) 4 5 6 8 7 6 38
year-on-year (%) -9.9 9.3 1.7 51.7 76.4 41.3 27.5
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 65.1 65.8 50.5 60.7 78.8 86.6 67.9
year-on-year (points) 19.2 10.2 1.6 12.0 38.1 42.4 20.6
ADR actual (JPY) 5,934 6,254 6,149 6,761 7,616 8,666 7,042
year-on-year (%) 3.6 20.4 14.3 25.9 19.7 20.9 21.0
RevPAR actual (JPY) 3,862 4,112 3,103 4,102 5,999 7,509 4,784
year-on-year (%) 47.0 42.6 18.1 56.9 131.7 136.7 73.7
Gross Revenue actual (JPY mn) 7 8 6 8 11 14 56
year-on-year (%) 32.3 27.3 6.4 40.5 94.3 105.6 52.1
    (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.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 53.8 57.6 59.6 75.4 76.3 80.3 67.2
year-on-year (points) 10.7 17.1 7.9 5.0 6.4 1.3 8.0
ADR actual (JPY) 3,695 3,779 3,699 4,303 4,277 4,160 4,025
year-on-year (%) 2.1 3.6 -2.7 -7.0 0.3 4.7 -0.8
RevPAR actual (JPY) 1,986 2,177 2,203 3,244 3,265 3,342 2,705
year-on-year (%) 27.4 47.5 12.1 -0.3 9.5 6.4 12.6
Gross Revenue actual (JPY mn) 2 2 2 3 3 3 19
year-on-year (%) 19.6 36.3 2.9 -3.3 5.2 4.5 7.5
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 81.1 80.7 74.7 82.5 87.8 75.9 80.5
year-on-year (points) 29.8 33.7 2.7 38.7 35.8 14.5 25.9
ADR actual (JPY) 4,263 4,141 4,183 4,136 4,360 4,842 4,318
year-on-year (%) 7.1 -9.9 10.2 11.4 17.6 33.0 11.1
RevPAR actual (JPY) 3,459 3,343 3,125 3,414 3,827 3,677 3,474
year-on-year (%) 69.2 54.5 14.4 109.8 98.7 64.4 63.9
Gross Revenue actual (JPY mn) 4 4 3 4 4 4 24
year-on-year (%) 65.0 47.1 12.0 103.8 93.2 59.7 59.1
    (Note 1) This property was acquired on July 17, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 62.2 69.6 79.6 82.1 83.3 91.5 78.1
year-on-year (points) -0.7 2.9 3.1 7.1 13.6 28.2 9.0
ADR actual (JPY) 3,516 3,602 3,597 3,911 3,789 3,638 3,684
year-on-year (%) 6.8 9.1 3.9 -8.4 11.9 8.5 4.5
RevPAR actual (JPY) 2,186 2,509 2,864 3,212 3,155 3,330 2,878
year-on-year (%) 5.6 13.8 8.1 0.3 33.8 56.8 18.1
Gross Revenue actual (JPY mn) 1 1 1 2 2 2 11
year-on-year (%) 0.6 7.4 -0.7 -3.5 26.9 50.8 12.0
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 88.4 82.1 80.3 88.6 89.7 79.3 84.7
year-on-year (points) 19.4 25.7 9.4 18.5 24.8 7.0 17.5
ADR actual (JPY) 3,756 3,804 3,845 3,868 4,346 4,758 4,057
year-on-year (%) 3.3 8.2 12.1 13.0 23.4 34.9 15.6
RevPAR actual (JPY) 3,321 3,124 3,087 3,426 3,898 3,775 3,438
year-on-year (%) 32.2 57.4 26.9 42.8 70.7 48.0 45.7
Gross Revenue actual (JPY mn) 2 2 2 2 2 2 14
year-on-year (%) 29.5 49.1 24.2 40.3 66.0 43.8 41.7
    (Note 1) This property was acquired on July 17, 2014.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
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 (%) - - - - - - -
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
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 2022 total and the July-December 2022 total are not disclosed as the consent from the parties concerned has not been obtained.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 36.0 32.9 46.2 59.8 60.0 64.4 50.0
year-on-year (points) 3.8 -9.3 -2.3 16.3 31.8 32.5 12.3
ADR actual (JPY) 5,682 5,217 4,959 6,618 7,548 6,516 6,267
year-on-year (%) 0.8 -7.3 -14.6 6.5 -10.1 11.7 1.7
RevPAR actual (JPY) 2,046 1,718 2,293 3,956 4,526 4,196 3,135
year-on-year (%) 12.8 -27.7 -18.7 46.3 91.4 125.2 35.0
Gross Revenue actual (JPY mn) 18 14 20 31 36 33 154
year-on-year (%) 10.2 -23.4 -19.7 38.7 74.4 92.7 26.6
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 78.3 76.2 78.0 77.8 67.1 74.2 75.3
year-on-year (points) 37.2 38.6 49.3 27.3 17.6 22.7 32.1
ADR actual (JPY) 7,383 7,991 6,969 6,698 6,800 6,534 7,072
year-on-year (%) -1.0 3.0 12.6 7.8 18.5 16.2 10.0
RevPAR actual (JPY) 5,781 6,089 5,437 5,210 4,560 4,848 5,324
year-on-year (%) 88.8 108.5 206.4 66.1 60.7 67.3 91.8
Gross Revenue actual (JPY mn) 44 47 41 41 36 39 250
year-on-year (%) 77.1 97.1 165.6 61.0 53.4 58.9 80.4
    (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.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 32.1 35.1 39.3 54.3 62.4 52.1 46.0
year-on-year (points) 14.4 17.1 19.6 31.5 40.7 27.0 25.1
ADR actual (JPY) 4,741 4,487 4,443 4,728 4,469 4,202 4,501
year-on-year (%) 2.9 6.2 2.1 -3.3 9.5 0.1 2.5
RevPAR actual (JPY) 1,522 1,576 1,746 2,567 2,791 2,188 2,069
year-on-year (%) 86.2 107.0 103.6 130.0 214.7 107.9 125.9
Gross Revenue actual (JPY mn) 4 3 4 6 7 5 32
year-on-year (%) 60.2 66.7 54.5 99.8 188.4 99.0 94.3
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 64.3 72.4 66.6 74.5 84.0 82.7 74.0
year-on-year (points) 36.1 41.5 40.1 50.6 49.1 43.2 43.4
ADR actual (JPY) 4,077 4,109 4,131 4,000 4,227 4,992 4,277
year-on-year (%) -1.1 -1.6 -0.4 -3.9 -0.7 7.5 0.0
RevPAR actual (JPY) 2,621 2,973 2,750 2,979 3,550 4,127 3,167
year-on-year (%) 125.9 130.8 150.6 199.7 139.2 125.5 141.9
Gross Revenue actual (JPY mn) 6 7 7 7 9 10 49
year-on-year (%) 99.1 116.7 132.6 181.3 131.6 115.7 126.8
    (Note 1) This property was acquired on February 6, 2015.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 77.4 77.9 85.4 87.8 75.8 73.0 79.6
year-on-year (points) 25.4 36.3 14.8 16.3 -1.9 -1.5 14.6
ADR actual (JPY) 6,921 6,918 7,166 7,295 7,249 7,777 7,218
year-on-year (%) -20.4 -21.6 -12.6 -3.4 -4.2 9.5 -8.3
RevPAR actual (JPY) 5,358 5,386 6,116 6,406 5,495 5,679 5,743
year-on-year (%) 18.4 46.9 5.8 18.6 -6.6 7.4 12.3
Gross Revenue actual (JPY mn) 33 29 38 37 33 34 206
year-on-year (%) 13.7 32.9 -1.6 13.4 -8.7 0.2 6.2
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 75.7 72.0 70.4 77.5 92.0 88.2 79.3
year-on-year (points) -11.8 -14.7 -10.7 -9.5 3.0 -1.3 -7.5
ADR actual (JPY) 8,778 8,697 8,359 8,603 9,980 13,665 9,819
year-on-year (%) 6.0 15.4 14.3 24.1 38.6 80.9 31.3
RevPAR actual (JPY) 6,648 6,266 5,886 6,670 9,181 12,048 7,786
year-on-year (%) -8.4 -4.2 -0.7 10.5 43.2 78.2 19.9
Gross Revenue actual (JPY mn) 41 39 36 40 54 73 285
year-on-year (%) -8.5 -6.8 1.5 9.2 41.6 77.6 18.8
    (Note 1) This property was acquired on July 16, 2015.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 38.1 33.1 47.0 71.5 70.0 55.8 52.8
year-on-year (points) -33.6 14.5 25.2 21.4 24.4 6.3 9.6
ADR actual (JPY) 4,011 3,897 4,088 4,876 4,533 3,957 4,315
year-on-year (%) 16.5 -6.1 -7.3 -1.3 1.6 -8.2 2.5
RevPAR actual (JPY) 1,530 1,291 1,920 3,489 3,175 2,208 2,278
year-on-year (%) -38.1 67.1 99.9 40.7 56.0 3.4 25.2
Gross Revenue actual (JPY mn) 14 11 17 29 27 19 120
year-on-year (%) -34.1 47.9 67.5 34.1 45.9 0.4 19.5
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 74.2 62.3 55.9 72.6 91.9 90.8 74.6
year-on-year (points) 27.3 21.4 24.4 45.4 56.3 48.7 37.2
ADR actual (JPY) 3,846 4,149 4,215 4,253 4,563 5,826 4,551
year-on-year (%) -15.4 -0.1 11.1 9.7 17.3 41.2 10.8
RevPAR actual (JPY) 2,853 2,583 2,357 3,087 4,193 5,292 3,396
year-on-year (%) 33.8 52.4 97.0 192.7 202.6 204.1 121.0
Gross Revenue actual (JPY mn) 25 23 20 27 35 45 177
year-on-year (%) 28.7 38.6 66.3 159.3 175.7 178.7 100.5
    (Note 1) This property was acquired on July 16, 2015.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 38.1 44.4 52.3 66.4 67.2 56.1 54.1
year-on-year (points) -13.5 18.6 27.4 36.8 46.3 37.0 25.4
ADR actual (JPY) 3,981 4,009 4,265 4,585 4,399 4,342 4,305
year-on-year (%) 16.1 -1.8 2.9 -3.8 11.1 7.7 8.0
RevPAR actual (JPY) 1,516 1,780 2,230 3,042 2,955 2,435 2,331
year-on-year (%) -14.2 68.9 116.2 115.8 257.9 217.2 103.6
Gross Revenue actual (JPY mn) 5 5 7 9 9 7 43
year-on-year (%) -14.9 53.1 58.2 92.8 185.8 142.1 74.2
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 62.7 73.2 75.6 79.4 79.0 78.4 74.7
year-on-year (points) 30.3 31.5 42.1 47.5 48.8 34.5 39.0
ADR actual (JPY) 4,769 4,469 4,244 4,604 5,981 8,162 5,412
year-on-year (%) -25.6 -28.3 -15.0 19.9 51.2 83.1 7.7
RevPAR actual (JPY) 2,991 3,271 3,209 3,658 4,727 6,397 4,043
year-on-year (%) 43.8 25.7 91.9 198.1 294.8 226.6 125.4
Gross Revenue actual (JPY mn) 9 10 9 11 14 19 75
year-on-year (%) 40.3 23.2 80.3 176.9 266.2 213.5 115.2
    (Note 1) This property was acquired on July 16, 2015.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 54.2 49.5 58.2 59.1 65.4 68.9 59.3
year-on-year (points) -19.4 13.3 24.6 25.6 37.0 44.5 20.9
ADR actual (JPY) 3,903 3,943 4,008 4,933 4,392 3,797 4,168
year-on-year (%) 13.1 -1.0 5.7 14.3 11.1 0.9 9.7
RevPAR actual (JPY) 2,116 1,951 2,333 2,914 2,871 2,617 2,472
year-on-year (%) -16.7 35.4 82.8 101.9 156.0 185.0 69.3
Gross Revenue actual (JPY mn) 12 10 13 16 16 14 83
year-on-year (%) -16.3 28.8 60.9 88.6 131.5 151.7 58.3
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 78.1 75.7 71.0 82.9 91.5 90.3 81.6
year-on-year (points) 39.3 38.1 37.7 39.3 41.5 31.3 37.8
ADR actual (JPY) 3,889 4,138 4,071 3,969 4,561 5,513 4,393
year-on-year (%) -0.7 12.9 12.1 9.5 24.0 35.4 16.0
RevPAR actual (JPY) 3,038 3,131 2,888 3,292 4,174 4,978 3,584
year-on-year (%) 99.9 127.3 139.0 108.2 126.8 107.1 116.4
Gross Revenue actual (JPY mn) 17 17 16 18 22 28 120
year-on-year (%) 80.9 103.1 122.3 97.8 115.3 97.5 101.9
    (Note 1) This property was acquired on July 16, 2015.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 58.6 63.4 67.4 63.0 69.3 59.3 63.5
year-on-year (points) 17.7 11.9 22.8 18.7 16.9 -0.7 14.7
ADR actual (JPY) 5,948 5,624 6,094 6,351 6,972 5,862 6,169
year-on-year (%) 3.2 0.0 -3.7 4.4 12.0 7.4 4.6
RevPAR actual (JPY) 3,488 3,568 4,105 4,002 4,834 3,475 3,919
year-on-year (%) 47.7 23.2 45.5 48.5 48.0 6.1 35.9
Gross Revenue actual (JPY mn) 19 17 22 21 25 18 123
year-on-year (%) 38.3 9.7 23.7 36.8 39.1 0.3 24.1
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 69.0 84.5 63.5 80.9 78.1 76.0 75.4
year-on-year (points) 10.4 30.1 5.5 12.5 6.1 -0.2 10.8
ADR actual (JPY) 6,888 7,532 6,409 6,830 7,128 7,223 7,031
year-on-year (%) 13.6 20.7 15.9 20.1 21.5 12.3 17.6
RevPAR actual (JPY) 4,751 6,365 4,069 5,524 5,565 5,489 5,299
year-on-year (%) 33.7 87.4 26.9 42.1 31.7 12.0 37.2
Gross Revenue actual (JPY mn) 24 32 20 29 27 28 163
year-on-year (%) 24.3 70.3 14.9 34.8 23.3 7.5 28.0
    (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.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 43.9 46.8 35.4 50.9 49.2 43.1 44.8
year-on-year (points) 8.1 25.4 10.4 14.2 27.2 24.4 18.2
ADR actual (JPY) 3,716 3,434 3,655 4,644 3,784 3,696 3,846
year-on-year (%) -6.6 -11.0 -8.0 4.1 5.1 4.1 -3.1
RevPAR actual (JPY) 1,632 1,607 1,296 2,364 1,861 1,592 1,724
year-on-year (%) 14.7 95.0 30.3 44.3 135.5 139.7 62.9
Gross Revenue actual (JPY mn) 4 4 3 6 5 4 29
year-on-year (%) 10.0 64.5 11.5 38.5 104.1 104.9 47.1
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 54.5 57.0 54.8 60.3 74.0 76.2 62.8
year-on-year (points) 26.6 16.1 25.6 25.6 37.2 28.4 26.5
ADR actual (JPY) 3,691 3,702 3,693 3,987 4,204 4,195 3,943
year-on-year (%) 4.6 10.6 11.9 16.2 18.2 10.7 12.3
RevPAR actual (JPY) 2,011 2,109 2,023 2,406 3,111 3,195 2,475
year-on-year (%) 104.9 54.2 110.2 101.8 137.4 76.5 94.5
Gross Revenue actual (JPY mn) 5 6 5 6 8 9 42
year-on-year (%) 81.8 40.6 90.4 86.9 120.0 68.3 79.3
    (Note 1) This property was acquired on July 16, 2015.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 79.4 79.6 89.3 81.5 85.5 88.7 84.1
year-on-year (points) 54.5 44.1 16.4 0.2 11.8 9.6 22.6
ADR actual (JPY) 5,786 5,512 6,984 7,450 8,117 7,400 6,920
year-on-year (%) -14.9 -8.5 12.0 24.4 36.3 16.6 12.2
RevPAR actual (JPY) 4,592 4,385 6,240 6,073 6,939 6,562 5,816
year-on-year (%) 171.8 105.2 37.3 24.7 58.3 30.7 53.5
Gross Revenue actual (JPY mn) 34 35 38 36 40 42 228
year-on-year (%) 79.7 38.9 7.6 20.7 41.0 15.5 29.3
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 84.9 90.0 86.4 89.3 87.5 87.8 87.6
year-on-year (points) 16.6 28.3 26.2 -0.2 -2.0 0.3 11.5
ADR actual (JPY) 7,549 8,425 10,635 12,640 9,817 8,389 9,581
year-on-year (%) 13.5 32.0 108.6 101.6 43.2 18.0 48.2
RevPAR actual (JPY) 6,409 7,584 9,187 11,287 8,587 7,365 8,398
year-on-year (%) 41.1 92.4 199.4 101.2 40.0 18.4 70.6
Gross Revenue actual (JPY mn) 40 43 48 61 53 44 293
year-on-year (%) 37.0 56.7 104.2 66.3 35.8 10.7 47.8
    (Note 1) This property was acquired on July 16, 2015.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 70.7 66.4 69.5 88.8 70.6 75.9 73.7
year-on-year (points) 4.4 10.2 6.0 34.5 22.5 15.6 15.5
ADR actual (JPY) 3,635 3,559 3,905 5,099 4,571 4,411 4,247
year-on-year (%) 8.0 6.2 10.9 25.5 35.3 35.2 21.9
RevPAR actual (JPY) 2,570 2,361 2,714 4,528 3,225 3,347 3,128
year-on-year (%) 15.3 25.4 21.5 105.1 98.7 70.2 54.4
Gross Revenue actual (JPY mn) 5 4 5 8 6 6 37
year-on-year (%) 15.3 21.1 13.1 99.8 93.8 65.3 49.6
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 84.6 86.3 82.0 85.8 87.9 85.9 85.4
year-on-year (points) 19.3 42.3 40.1 28.0 40.8 19.9 31.6
ADR actual (JPY) 4,151 3,964 4,185 4,122 4,361 4,368 4,191
year-on-year (%) 14.9 9.4 23.6 21.1 26.3 19.4 18.6
RevPAR actual (JPY) 3,511 3,421 3,431 3,538 3,834 3,754 3,581
year-on-year (%) 48.8 114.5 141.8 79.7 135.9 55.4 88.3
Gross Revenue actual (JPY mn) 7 6 6 7 7 7 43
year-on-year (%) 45.9 104.6 135.1 74.8 129.9 53.2 83.6
    (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.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 68.4 67.7 73.3 92.0 86.1 86.9 79.1
year-on-year (points) 14.0 23.3 25.7 16.2 19.5 24.8 20.5
ADR actual (JPY) 3,299 3,043 3,654 5,090 4,034 3,924 3,917
year-on-year (%) 5.9 -0.2 6.0 9.9 6.3 4.4 5.2
RevPAR actual (JPY) 2,257 2,061 2,677 4,682 3,471 3,409 3,100
year-on-year (%) 33.1 52.0 63.2 33.4 37.4 46.1 42.0
Gross Revenue actual (JPY mn) 4 3 5 8 6 6 35
year-on-year (%) 30.9 44.9 50.3 30.8 34.2 45.3 38.1
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 87.7 86.2 76.6 82.8 87.2 85.1 84.3
year-on-year (points) 44.5 50.2 47.5 44.8 44.6 24.6 42.6
ADR actual (JPY) 3,440 3,395 3,514 3,744 4,302 4,549 3,828
year-on-year (%) 3.5 4.8 14.2 19.5 36.7 38.2 19.0
RevPAR actual (JPY) 3,016 2,927 2,692 3,101 3,752 3,872 3,227
year-on-year (%) 110.2 151.0 200.3 160.3 179.6 94.3 140.9
Gross Revenue actual (JPY mn) 5 5 5 6 7 7 37
year-on-year (%) 98.9 141.0 183.5 150.9 170.2 95.8 133.1
    (Note 1) This property was acquired on July 16, 2015.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 30.0 37.6 40.7 62.8 63.3 59.7 49.1
year-on-year (points) 1.6 9.2 15.1 28.0 35.1 30.1 19.9
ADR actual (JPY) 4,662 5,910 4,634 4,735 4,511 4,418 4,739
year-on-year (%) 11.4 5.3 1.1 1.3 -3.4 -6.2 0.3
RevPAR actual (JPY) 1,399 2,221 1,888 2,973 2,855 2,639 2,326
year-on-year (%) 17.6 39.2 60.4 82.9 117.1 88.7 68.7
Gross Revenue actual (JPY mn) 9 13 12 19 18 16 90
year-on-year (%) 9.9 31.4 45.5 75.6 112.6 85.5 60.5
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 55.6 53.5 48.8 48.6 69.1 75.8 58.5
year-on-year (points) 19.7 19.0 18.9 21.3 39.5 42.9 26.8
ADR actual (JPY) 4,773 4,889 4,795 4,911 5,123 4,924 4,913
year-on-year (%) -4.2 -3.7 2.4 4.1 6.1 -4.0 -0.1
RevPAR actual (JPY) 2,653 2,614 2,342 2,384 3,541 3,731 2,877
year-on-year (%) 48.6 49.1 66.8 85.3 147.5 121.3 84.5
Gross Revenue actual (JPY mn) 17 17 15 15 22 24 113
year-on-year (%) 44.8 47.0 62.8 81.1 144.3 120.5 81.3
    (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.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 50.5 47.2 65.3 47.5 54.3 58.2 53.9
year-on-year (points) 30.1 24.3 30.1 20.1 26.8 26.5 26.4
ADR actual (JPY) 4,537 4,420 4,865 5,568 5,471 5,136 5,008
year-on-year (%) -2.6 6.1 11.2 44.9 39.9 27.0 20.6
RevPAR actual (JPY) 2,290 2,084 3,176 2,643 2,971 2,989 2,701
year-on-year (%) 141.4 119.4 106.3 151.6 175.9 133.5 136.1
Gross Revenue actual (JPY mn) 5 4 6 5 6 6 34
year-on-year (%) 61.5 24.3 34.2 54.9 76.8 62.3 51.1
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 59.2 62.5 61.0 75.9 89.1 93.8 73.6
year-on-year (points) 28.1 33.3 29.0 30.3 26.2 31.8 29.8
ADR actual (JPY) 5,566 6,019 5,894 7,096 10,867 12,316 8,438
year-on-year (%) 27.1 39.3 46.5 70.5 137.7 132.8 85.3
RevPAR actual (JPY) 3,295 3,761 3,598 5,388 9,680 11,558 6,209
year-on-year (%) 142.3 198.0 178.7 183.6 236.5 252.3 211.4
Gross Revenue actual (JPY mn) 6 7 7 10 16 20 69
year-on-year (%) 74.8 131.1 103.4 125.2 178.7 186.3 143.2
    (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.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 53.0 62.5 72.5 75.9 69.9 78.0 68.6
year-on-year (points) 14.2 15.8 21.3 30.3 38.9 34.6 25.9
ADR actual (JPY) 6,773 6,573 6,219 6,263 6,316 6,338 6,390
year-on-year (%) 13.8 1.4 8.8 5.3 15.2 21.2 9.9
RevPAR actual (JPY) 3,590 4,106 4,511 4,752 4,415 4,940 4,385
year-on-year (%) 55.5 35.7 53.9 75.3 159.4 117.8 76.6
Gross Revenue actual (JPY mn) 52 53 65 65 66 68 371
year-on-year (%) 48.4 26.9 35.0 58.1 106.9 95.5 58.6
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 80.5 85.0 80.8 82.8 85.0 87.3 83.6
year-on-year (points) 13.2 27.0 27.5 19.7 14.8 9.5 18.6
ADR actual (JPY) 7,122 6,823 7,201 8,780 11,733 14,335 9,394
year-on-year (%) 2.6 8.0 42.5 71.9 104.5 119.9 56.6
RevPAR actual (JPY) 5,731 5,802 5,821 7,272 9,973 12,513 7,851
year-on-year (%) 22.7 58.2 116.1 125.5 147.6 146.8 101.4
Gross Revenue actual (JPY mn) 80 80 78 99 128 164 631
year-on-year (%) 20.7 52.4 84.7 88.1 100.9 119.0 78.6
    (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
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 46.5 35.5 71.7 81.7 88.8 80.6 67.9
year-on-year (points) 37.3 27.8 7.3 29.9 41.8 34.5 29.8
ADR actual (JPY) 29,272 20,884 24,905 24,735 28,320 20,609 24,978
year-on-year (%) -9.2 -5.9 12.7 13.7 0.0 8.2 7.9
RevPAR actual (JPY) 13,619 7,423 17,853 20,216 25,149 16,609 16,949
year-on-year (%) 355.6 334.4 25.6 79.3 89.1 89.3 92.4
Gross Revenue actual (JPY mn) 312 186 395 447 565 433 2,342
year-on-year (%) 122.4 65.1 -12.6 45.7 69.8 64.8 45.5
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 87.7 94.3 95.5 96.1 98.9 86.2 93.1
year-on-year (points) 17.7 38.2 43.6 17.0 9.2 9.2 22.4
ADR actual (JPY) 33,295 56,101 27,883 27,822 24,919 27,310 32,946
year-on-year (%) 8.7 3.9 7.7 8.1 -0.3 -3.8 7.3
RevPAR actual (JPY) 29,196 52,919 26,624 26,740 24,651 23,551 30,667
year-on-year (%) 36.2 74.6 98.2 31.4 9.9 7.6 41.4
Gross Revenue actual (JPY mn) 584 884 561 611 568 513 3,724
year-on-year (%) 30.0 74.1 79.5 28.2 12.0 10.0 36.8
    (Note 1) This property was acquired on March 31, 2016.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 36.5 39.4 72.8 70.6 77.7 58.6 59.5
year-on-year (points) 23.7 23.5 48.6 43.4 59.4 39.5 39.9
ADR actual (JPY) 4,807 4,313 4,363 4,992 5,059 4,866 4,766
year-on-year (%) -3.9 -4.0 -5.2 3.4 2.7 11.1 1.4
RevPAR actual (JPY) 1,754 1,698 3,174 3,522 3,932 2,851 2,836
year-on-year (%) 174.7 138.5 185.3 168.6 336.7 240.6 208.2
Gross Revenue actual (JPY mn) 13 11 23 25 28 21 123
year-on-year (%) 132.1 103.7 128.8 124.5 247.0 177.2 152.6
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 64.3 71.3 70.1 66.2 80.8 75.8 71.3
year-on-year (points) 27.2 41.9 45.5 20.9 30.4 10.4 29.3
ADR actual (JPY) 6,065 5,899 6,655 8,679 10,523 12,343 8,486
year-on-year (%) 42.5 34.2 62.6 107.5 107.0 119.3 78.1
RevPAR actual (JPY) 3,901 4,203 4,664 5,741 8,498 9,352 6,054
year-on-year (%) 146.9 225.5 363.4 203.4 231.7 154.0 202.0
Gross Revenue actual (JPY mn) 28 30 34 41 58 66 259
year-on-year (%) 137.8 212.3 299.5 177.2 201.7 141.4 181.7
    (Note 1) This property was acquired on March 31, 2016.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 70.0 78.4 88.3 88.8 92.3 83.5 83.6
year-on-year (points) 36.3 42.0 30.4 24.5 44.7 27.2 34.2
ADR actual (JPY) 5,078 4,795 5,428 6,303 6,195 6,297 5,729
year-on-year (%) 10.9 7.3 22.0 21.1 38.5 49.2 24.8
RevPAR actual (JPY) 3,555 3,758 4,792 5,597 5,719 5,257 4,790
year-on-year (%) 130.5 131.0 86.2 67.2 168.5 121.5 111.0
Gross Revenue actual (JPY mn) 11 11 15 17 18 16 92
year-on-year (%) 115.1 112.7 64.4 61.9 151.6 108.4 96.6
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 80.6 87.4 81.9 83.3 90.8 97.1 86.9
year-on-year (points) 13.4 29.3 22.4 16.5 13.4 6.7 17.0
ADR actual (JPY) 6,992 6,306 6,934 8,848 12,288 13,832 9,358
year-on-year (%) 32.2 34.9 52.4 87.0 131.4 130.8 81.1
RevPAR actual (JPY) 5,634 5,511 5,677 7,372 11,156 13,433 8,128
year-on-year (%) 58.6 102.9 109.8 133.2 171.6 148.0 125.0
Gross Revenue actual (JPY mn) 18 18 18 24 35 44 159
year-on-year (%) 39.6 86.3 102.2 127.2 163.6 147.5 114.6
    (Note 1) This property was acquired on March 31, 2016.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 45.2 40.8 57.9 51.9 56.0 54.9 51.2
year-on-year (points) 30.8 10.8 12.7 18.0 30.3 27.0 21.8
ADR actual (JPY) 6,406 6,266 7,303 8,618 12,065 6,314 7,977
year-on-year (%) -13.6 0.4 -5.5 29.0 38.2 19.4 13.4
RevPAR actual (JPY) 2,894 2,554 4,226 4,470 6,760 3,466 4,088
year-on-year (%) 172.1 36.6 21.0 97.9 200.8 134.5 97.1
Gross Revenue actual (JPY mn) 36 31 47 47 67 40 270
year-on-year (%) 71.8 24.5 -13.6 59.3 109.6 81.8 45.9
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 57.7 73.1 66.3 66.8 70.7 69.4 67.3
year-on-year (points) 1.4 37.4 33.4 19.0 4.3 -0.4 15.8
ADR actual (JPY) 8,338 10,344 9,897 10,918 13,546 10,400 10,636
year-on-year (%) 18.6 41.7 80.5 71.2 57.7 37.3 46.7
RevPAR actual (JPY) 4,813 7,564 6,560 7,290 9,573 7,217 7,160
year-on-year (%) 21.4 190.2 263.6 139.4 67.9 36.4 91.7
Gross Revenue actual (JPY mn) 53 78 63 73 88 72 430
year-on-year (%) 17.2 128.6 136.3 93.3 50.5 25.3 64.5
    (Note 1) This property was acquired on June 15, 2016.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 64.5 63.8 74.0 78.1 85.2 79.1 74.2
year-on-year (points) 40.5 23.2 24.7 20.7 38.8 30.1 29.8
ADR actual (JPY) 7,081 6,498 7,567 8,123 8,188 8,194 7,682
year-on-year (%) -5.6 0.6 9.6 20.1 33.5 38.0 17.3
RevPAR actual (JPY) 4,565 4,145 5,596 6,340 6,980 6,482 5,702
year-on-year (%) 154.2 58.1 64.6 63.4 144.8 122.7 96.0
Gross Revenue actual (JPY mn) 21 16 23 26 32 28 149
year-on-year (%) 82.7 8.3 14.1 40.2 103.0 75.0 50.9
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 79.0 84.7 78.9 71.0 79.9 92.4 81.0
year-on-year (points) 18.1 28.1 29.8 10.8 15.2 15.2 19.5
ADR actual (JPY) 9,305 8,747 9,150 12,811 20,311 23,124 14,127
year-on-year (%) -16.6 -12.4 48.6 94.9 168.6 152.4 65.7
RevPAR actual (JPY) 7,349 7,407 7,216 9,102 16,226 21,371 11,442
year-on-year (%) 8.2 31.3 138.6 129.7 231.5 202.0 118.1
Gross Revenue actual (JPY mn) 33 33 31 39 64 85 287
year-on-year (%) 3.5 20.7 100.9 108.0 191.4 180.0 95.8
    (Note 1) This property was acquired on May 29, 2017.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 28.2 34.0 52.6 65.8 56.4 58.5 49.4
year-on-year (points) 11.6 20.2 30.0 44.6 43.3 38.4 31.4
ADR actual (JPY) 4,240 4,223 4,589 4,834 4,852 4,687 4,641
year-on-year (%) 19.0 -1.6 3.5 13.4 33.3 19.6 14.6
RevPAR actual (JPY) 1,194 1,438 2,412 3,181 2,735 2,744 2,290
year-on-year (%) 102.4 141.4 141.3 251.7 475.8 246.9 215.2
Gross Revenue actual (JPY mn) 52 34 52 67 58 69 335
year-on-year (%) 139.1 65.5 65.8 109.7 203.5 141.7 116.4
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 59.3 59.8 52.0 69.3 79.6 79.1 66.5
year-on-year (points) 25.3 30.5 25.2 31.4 37.1 24.7 29.0
ADR actual (JPY) 5,268 5,216 5,238 6,389 7,716 8,316 6,542
year-on-year (%) 38.7 28.9 40.9 77.2 76.0 75.8 58.6
RevPAR actual (JPY) 3,122 3,117 2,722 4,426 6,141 6,581 4,351
year-on-year (%) 142.0 163.4 173.7 224.6 229.3 155.5 181.3
Gross Revenue actual (JPY mn) 71 61 65 95 112 110 516
year-on-year (%) 65.4 70.5 66.4 112.2 134.7 85.7 90.7
    (Note 1) This property was acquired on October 13, 2017.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 65.1 66.2 76.1 88.7 73.5 75.1 74.2
year-on-year (points) 43.2 43.3 41.1 61.6 44.7 47.8 46.9
ADR actual (JPY) 5,773 5,644 5,789 5,876 6,386 6,134 5,943
year-on-year (%) -11.7 -15.7 -12.5 -14.3 -3.9 -5.5 -10.5
RevPAR actual (JPY) 3,757 3,735 4,404 5,212 4,696 4,609 4,408
year-on-year (%) 162.5 144.2 90.3 180.3 145.3 159.6 143.7
Gross Revenue actual (JPY mn) 35 30 40 45 43 42 238
year-on-year (%) 89.0 65.7 51.0 107.3 88.3 95.1 81.9
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 87.5 88.7 85.4 73.2 79.7 86.5 83.5
year-on-year (points) 30.7 23.8 28.6 16.6 8.7 14.8 20.5
ADR actual (JPY) 6,566 6,581 6,498 8,022 9,809 12,166 8,254
year-on-year (%) -27.2 -7.8 -2.2 36.7 76.0 86.1 22.1
RevPAR actual (JPY) 5,748 5,837 5,550 5,869 7,815 10,528 6,894
year-on-year (%) 12.0 25.9 47.0 76.9 97.4 124.5 62.0
Gross Revenue actual (JPY mn) 50 51 48 51 65 86 354
year-on-year (%) 8.7 15.3 42.0 68.7 85.2 105.1 51.6
    (Note 1) This property was acquired on October 13, 2017.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 38.8 45.6 71.3 56.5 57.0 60.2 55.0
year-on-year (points) 26.3 25.1 40.2 33.0 37.1 36.4 33.1
ADR actual (JPY) 12,590 7,376 10,244 10,166 13,434 8,834 10,457
year-on-year (%) 25.4 -6.0 7.8 13.2 12.8 19.3 13.4
RevPAR actual (JPY) 4,888 3,360 7,304 5,748 7,659 5,319 5,754
year-on-year (%) 288.9 109.2 147.5 171.5 223.7 201.3 185.1
Gross Revenue actual (JPY mn) 79 52 116 89 117 91 546
year-on-year (%) 128.5 42.5 31.7 86.0 132.9 127.4 83.1
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 56.0 71.4 63.5 61.6 79.3 74.9 67.7
year-on-year (points) 15.3 35.5 32.7 11.3 23.1 29.0 24.4
ADR actual (JPY) 10,420 14,196 12,169 14,076 14,271 15,862 13,667
year-on-year (%) 9.1 33.6 63.9 57.8 28.7 6.5 28.8
RevPAR actual (JPY) 5,834 10,134 7,725 8,675 11,314 11,886 9,259
year-on-year (%) 50.0 165.5 238.5 93.3 81.6 73.7 101.5
Gross Revenue actual (JPY mn) 93 158 110 134 174 178 849
year-on-year (%) 24.3 120.1 140.8 80.8 54.0 61.2 73.0
    (Note 1) This property was acquired on October 13, 2017.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 43.5 44.7 53.7 54.5 57.9 73.1 54.6
year-on-year (points) 33.1 21.9 27.1 26.5 38.7 53.7 33.6
ADR actual (JPY) 5,486 7,307 5,183 5,106 5,984 6,931 6,014
year-on-year (%) 0.3 -14.8 -8.3 -0.2 11.7 36.9 2.4
RevPAR actual (JPY) 2,388 3,269 2,782 2,782 3,468 5,066 3,286
year-on-year (%) 318.9 67.1 85.2 94.3 237.1 415.5 166.3
Gross Revenue actual (JPY mn) 20 24 24 22 28 40 161
year-on-year (%) 198.7 46.8 59.0 137.5 154.5 291.0 129.8
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 78.0 81.0 83.6 69.4 59.6 74.0 74.3
year-on-year (points) 40.3 39.1 46.3 26.6 4.6 24.4 30.3
ADR actual (JPY) 9,379 10,841 8,993 8,366 7,997 8,883 9,153
year-on-year (%) 72.5 98.1 84.7 75.9 52.4 51.8 72.9
RevPAR actual (JPY) 7,319 8,782 7,519 5,803 4,768 6,572 6,801
year-on-year (%) 257.0 283.3 313.4 185.7 65.1 126.3 191.8
Gross Revenue actual (JPY mn) 58 69 58 45 38 51 321
year-on-year (%) 217.5 242.3 259.9 154.4 59.5 107.2 164.3
    (Note 1) This property was acquired on October 13, 2017.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 87.3 91.1 91.9 93.5 90.1 88.6 90.4
year-on-year (points) 32.9 28.5 28.3 30.1 23.7 7.4 25.2
ADR actual (JPY) 5,558 5,331 6,039 7,613 8,380 7,502 6,756
year-on-year (%) 14.7 13.1 15.5 34.0 51.8 46.5 29.9
RevPAR actual (JPY) 4,849 4,860 5,548 7,119 7,555 6,645 6,108
year-on-year (%) 84.1 64.7 67.0 97.7 105.8 59.8 80.1
Gross Revenue actual (JPY mn) 26 23 29 36 40 34 189
year-on-year (%) 83.4 63.0 55.3 92.1 99.6 55.3 74.6
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 91.6 95.3 88.2 89.2 86.9 88.1 89.9
year-on-year (points) 13.0 18.6 15.3 3.7 -3.1 -3.6 7.3
ADR actual (JPY) 8,685 8,241 8,766 9,531 11,109 13,492 9,936
year-on-year (%) 50.6 52.9 82.6 82.6 82.9 62.0 65.4
RevPAR actual (JPY) 7,955 7,858 7,732 8,502 9,657 11,888 8,935
year-on-year (%) 75.5 89.9 120.9 90.5 76.7 55.6 80.1
Gross Revenue actual (JPY mn) 41 41 39 44 49 62 279
year-on-year (%) 71.8 80.9 114.6 87.3 72.8 51.9 75.5
    (Note 1) This property was acquired on February 7, 2018.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 31.5 35.6 45.7 65.7 57.8 64.0 50.1
year-on-year (points) -1.1 4.2 10.9 29.7 21.7 26.4 15.3
ADR actual (JPY) 6,852 6,822 6,714 8,471 7,512 6,980 7,336
year-on-year (%) 5.7 3.1 -1.3 1.3 2.0 4.6 3.8
RevPAR actual (JPY) 2,161 2,429 3,066 5,562 4,343 4,467 3,677
year-on-year (%) 2.1 16.8 29.7 84.8 63.2 77.9 49.5
Gross Revenue actual (JPY mn) 23 22 33 52 39 53 224
year-on-year (%) -22.1 4.2 -10.1 43.0 -4.9 49.8 11.0
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 66.7 70.5 70.5 71.7 68.0 57.8 67.5
year-on-year (points) 2.3 20.8 35.4 5.8 5.8 3.9 12.2
ADR actual (JPY) 7,336 8,829 7,110 8,350 8,056 7,731 7,917
year-on-year (%) -6.7 5.4 4.6 20.6 10.2 12.6 7.3
RevPAR actual (JPY) 4,889 6,227 5,015 5,987 5,480 4,470 5,346
year-on-year (%) -3.3 49.4 109.9 31.3 20.5 20.7 31.1
Gross Revenue actual (JPY mn) 47 51 52 62 55 45 316
year-on-year (%) -8.2 33.4 86.5 31.1 2.6 14.8 21.1
    (Note 1) This property was acquired on February 7, 2018.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 62.4 42.2 60.9 73.8 83.1 92.1 69.4
year-on-year (points) 20.9 -13.5 5.7 12.5 33.5 28.2 15.0
ADR actual (JPY) 7,601 9,492 6,635 17,467 11,013 8,664 10,307
year-on-year (%) 13.4 14.3 0.1 32.2 37.5 51.4 26.2
RevPAR actual (JPY) 4,741 4,005 4,040 12,888 9,157 7,979 7,150
year-on-year (%) 70.5 -13.3 10.5 59.3 130.5 118.2 60.8
Gross Revenue actual (JPY mn) 44 32 51 94 84 75 382
year-on-year (%) 1.8 -32.8 -4.5 39.8 90.0 48.4 24.1
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 88.1 82.4 91.1 88.8 86.6 68.9 84.3
year-on-year (points) 14.4 11.1 24.2 6.5 2.2 -6.0 8.7
ADR actual (JPY) 9,831 17,066 9,610 13,483 10,927 10,118 11,856
year-on-year (%) 31.1 113.7 61.2 57.9 21.2 7.3 45.6
RevPAR actual (JPY) 8,660 14,059 8,754 11,974 9,468 6,969 9,990
year-on-year (%) 56.8 147.0 119.4 70.4 24.3 -1.3 62.3
Gross Revenue actual (JPY mn) 84 98 79 99 81 74 517
year-on-year (%) 45.2 80.2 93.4 51.1 32.7 -2.2 44.9
    (Note 1) This property was acquired on February 7, 2018.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
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 (%) - - - - - - -
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
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 7, 2018.
    (Note 2) This property has been accepting COVID-19 patients with mild or no symptoms since January 16, 2022. The figures for each month from January to December, the January-June 2022 total and the July-December 2022 total are not disclosed as the consent from the parties concerned has not been obtained.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 63.9 70.9 87.7 90.4 80.9 89.3 80.6
year-on-year (points) 14.3 1.7 18.4 24.9 35.2 25.3 20.2
ADR actual (JPY) 5,746 5,707 5,498 6,345 6,434 6,111 5,991
year-on-year (%) 14.8 6.7 7.2 11.8 32.1 27.3 16.2
RevPAR actual (JPY) 3,670 4,049 4,823 5,734 5,204 5,457 4,827
year-on-year (%) 48.0 9.2 35.6 54.3 133.9 77.7 55.0
Gross Revenue actual (JPY mn) 12 12 16 19 17 18 96
year-on-year (%) 36.3 3.3 24.3 47.8 120.5 69.5 45.6
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 91.6 89.6 89.2 89.2 88.0 91.0 89.8
year-on-year (points) 13.6 24.2 18.9 10.9 3.9 7.4 13.1
ADR actual (JPY) 6,764 6,168 6,623 7,959 10,076 12,601 8,366
year-on-year (%) 33.7 14.2 34.7 63.1 89.9 98.6 56.8
RevPAR actual (JPY) 6,196 5,524 5,911 7,100 8,863 11,463 7,511
year-on-year (%) 57.0 56.4 70.9 85.8 98.7 116.1 83.7
Gross Revenue actual (JPY mn) 21 19 19 24 29 39 153
year-on-year (%) 57.0 57.7 68.4 85.9 99.2 116.2 83.6
    (Note 1) This property was acquired on June 27, 2018.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 80.1 84.4 86.7 87.1 87.3 86.0 85.3
year-on-year (points) 21.7 8.0 8.9 16.1 25.5 19.1 16.7
ADR actual (JPY) 6,138 7,963 7,377 7,686 6,751 7,055 7,156
year-on-year (%) 5.0 14.6 1.4 19.0 2.6 27.6 10.4
RevPAR actual (JPY) 4,919 6,722 6,395 6,697 5,896 6,069 6,103
year-on-year (%) 44.1 26.5 13.0 45.9 44.9 63.9 37.2
Gross Revenue actual (JPY mn) 20 24 25 25 23 23 143
year-on-year (%) 43.4 22.5 4.9 41.8 39.0 56.6 31.8
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 89.0 93.1 87.4 81.9 88.9 90.0 88.4
year-on-year (points) 13.7 15.6 13.3 -8.5 1.6 2.5 6.4
ADR actual (JPY) 7,603 8,639 7,725 9,396 11,878 11,468 9,451
year-on-year (%) 14.0 26.0 43.4 57.7 69.8 60.7 45.0
RevPAR actual (JPY) 6,766 8,047 6,754 7,693 10,563 10,325 8,355
year-on-year (%) 34.8 51.4 69.1 42.9 72.9 65.3 56.2
Gross Revenue actual (JPY mn) 27 32 26 30 39 40 196
year-on-year (%) 32.7 48.9 64.6 38.7 67.6 59.0 52.0
    (Note 1) This property was acquired on June 27, 2018.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 40.0 50.5 59.4 63.1 57.4 54.5 54.2
year-on-year (points) 24.5 32.4 37.1 38.8 33.4 26.5 32.1
ADR actual (JPY) 5,829 5,295 5,765 6,249 6,551 6,823 6,118
year-on-year (%) -13.5 -18.5 -13.5 -6.1 4.4 12.5 -5.2
RevPAR actual (JPY) 2,334 2,674 3,423 3,945 3,763 3,720 3,314
year-on-year (%) 123.5 127.7 130.9 143.2 149.1 118.8 132.8
Gross Revenue actual (JPY mn) 29 29 41 46 48 43 239
year-on-year (%) 74.1 72.7 86.9 96.4 92.2 71.8 83.2
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 60.4 70.1 76.9 74.3 73.4 78.9 72.3
year-on-year (points) 21.4 37.1 50.1 41.1 33.6 26.8 35.0
ADR actual (JPY) 7,215 6,464 6,586 8,045 10,707 12,924 8,755
year-on-year (%) -0.5 -2.8 14.2 37.0 68.7 83.3 33.1
RevPAR actual (JPY) 4,360 4,528 5,066 5,974 7,862 10,196 6,329
year-on-year (%) 54.1 106.8 227.8 206.8 210.8 177.8 157.7
Gross Revenue actual (JPY mn) 51 52 56 68 85 112 426
year-on-year (%) 13.0 75.4 125.1 108.3 127.2 138.4 95.7
    (Note 1) This property was acquired on August 2, 2018.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 33.6 26.1 43.0 45.8 49.3 53.4 42.0
year-on-year (points) 23.9 11.0 18.8 20.5 37.3 41.6 25.7
ADR actual (JPY) 7,983 7,378 6,195 6,284 8,150 9,963 7,756
year-on-year (%) 6.0 8.8 0.1 10.5 -3.5 90.0 20.2
RevPAR actual (JPY) 2,685 1,928 2,661 2,878 4,016 5,325 3,261
year-on-year (%) 264.6 88.5 78.1 99.6 297.6 753.8 208.9
Gross Revenue actual (JPY mn) 65 40 70 71 95 111 455
year-on-year (%) 134.4 13.5 20.5 54.9 189.9 298.5 98.6
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 56.5 60.7 73.7 58.1 54.3 70.1 62.2
year-on-year (points) 32.4 28.1 44.4 16.0 2.6 22.1 24.3
ADR actual (JPY) 12,361 14,424 10,027 10,104 9,092 10,824 11,137
year-on-year (%) 37.1 45.1 53.0 67.7 47.8 29.0 48.3
RevPAR actual (JPY) 6,978 8,757 7,391 5,867 4,939 7,583 6,927
year-on-year (%) 222.0 170.2 284.8 131.5 55.2 88.5 143.3
Gross Revenue actual (JPY mn) 136 161 140 119 95 145 798
year-on-year (%) 137.5 103.7 165.4 66.1 19.6 54.5 83.4
    (Note 1) This property was acquired on August 2, 2018.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 33.2 34.5 36.4 72.4 78.5 46.9 50.5
year-on-year (points) -10.5 14.2 18.8 40.2 58.3 32.0 25.6
ADR actual (JPY) 4,731 4,651 5,020 4,825 4,397 5,008 4,734
year-on-year (%) 34.1 26.1 26.3 8.8 7.7 25.5 20.7
RevPAR actual (JPY) 1,570 1,606 1,827 3,496 3,449 2,350 2,390
year-on-year (%) 1.8 114.6 160.9 144.0 318.3 295.9 144.6
Gross Revenue actual (JPY mn) 7 7 9 16 16 11 68
year-on-year (%) -16.4 49.8 67.3 88.3 194.3 147.8 77.9
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 62.1 72.4 69.6 73.0 77.4 85.1 73.2
year-on-year (points) 40.9 45.9 37.7 13.8 35.8 53.7 38.0
ADR actual (JPY) 4,829 4,730 4,863 5,327 6,668 8,372 5,912
year-on-year (%) -1.9 11.9 30.9 64.6 58.8 41.9 41.2
RevPAR actual (JPY) 2,998 3,423 3,383 3,890 5,158 7,124 4,330
year-on-year (%) 186.8 206.4 186.2 102.9 195.7 285.2 193.4
Gross Revenue actual (JPY mn) 14 16 15 18 23 33 122
year-on-year (%) 160.3 182.4 172.2 98.7 182.1 246.6 174.8
    (Note 1) This property was acquired on August 2, 2018.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 39.5 46.8 61.0 85.4 56.3 66.9 59.4
year-on-year (points) 30.4 34.0 40.4 65.0 40.5 49.9 43.4
ADR actual (JPY) 4,824 4,438 4,972 5,200 5,140 5,001 4,977
year-on-year (%) 0.7 -2.1 -3.0 12.4 13.5 6.1 5.0
RevPAR actual (JPY) 1,908 2,078 3,034 4,441 2,894 3,348 2,954
year-on-year (%) 335.7 257.4 186.3 371.3 305.1 317.8 289.9
Gross Revenue actual (JPY mn) 7 6 10 15 10 11 62
year-on-year (%) 145.9 196.2 104.5 277.2 238.8 261.1 197.9
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 54.0 61.6 73.4 77.2 86.1 92.0 74.0
year-on-year (points) 32.9 37.2 43.5 42.2 41.9 43.0 40.1
ADR actual (JPY) 5,847 5,986 5,307 7,042 8,611 9,291 7,235
year-on-year (%) 33.6 38.1 31.6 73.1 86.4 65.8 56.6
RevPAR actual (JPY) 3,159 3,687 3,895 5,439 7,418 8,550 5,355
year-on-year (%) 240.9 248.6 223.6 281.9 263.3 210.8 241.8
Gross Revenue actual (JPY mn) 11 13 13 19 25 29 111
year-on-year (%) 192.4 197.7 187.2 241.2 242.1 197.6 211.5
    (Note 1) This property was acquired on August 2, 2018.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 38.1 36.4 46.0 52.5 54.8 73.0 50.2
year-on-year (points) 29.1 18.9 23.5 31.7 42.6 59.8 34.4
ADR actual (JPY) 6,786 8,958 6,600 6,138 7,274 7,975 7,265
year-on-year (%) 1.6 -22.6 -7.9 0.3 11.8 42.5 -1.0
RevPAR actual (JPY) 2,589 3,259 3,033 3,226 3,983 5,823 3,649
year-on-year (%) 327.0 60.8 88.6 152.8 405.2 686.0 214.0
Gross Revenue actual (JPY mn) 38 39 43 42 50 74 288
year-on-year (%) 76.6 15.9 10.1 38.2 91.7 164.7 60.1
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 77.3 80.8 86.7 74.5 66.1 79.1 77.4
year-on-year (points) 50.0 53.8 61.1 32.4 17.0 29.1 40.6
ADR actual (JPY) 10,753 13,239 10,274 9,545 9,378 10,865 10,735
year-on-year (%) 60.1 91.1 76.8 74.8 55.7 48.3 68.0
RevPAR actual (JPY) 8,307 10,703 8,904 7,108 6,200 8,594 8,311
year-on-year (%) 353.5 470.5 498.3 209.7 109.7 134.4 253.1
Gross Revenue actual (JPY mn) 93 119 99 83 71 99 566
year-on-year (%) 165.5 241.6 239.6 126.2 72.9 95.7 148.0
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 27.5 22.3 61.8 72.3 67.5 70.9 54.0
year-on-year (points) 19.9 12.8 39.3 42.8 32.0 47.7 32.6
ADR actual (JPY) 14,292 10,739 13,764 13,049 15,620 13,633 13,827
year-on-year (%) -16.3 -6.2 -3.7 -5.7 -7.1 21.3 -3.5
RevPAR actual (JPY) 3,923 2,395 8,507 9,436 10,536 9,662 7,469
year-on-year (%) 202.5 119.2 164.7 131.1 76.5 271.3 143.2
Gross Revenue actual (JPY mn) 56 38 110 113 131 119 570
year-on-year (%) 38.8 15.6 15.9 74.6 48.9 197.1 57.1
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 85.7 78.1 65.5 86.9 87.7 80.8 80.8
year-on-year (points) 45.3 38.6 33.1 48.2 37.3 33.6 39.4
ADR actual (JPY) 22,186 28,945 16,839 16,004 14,039 13,679 18,585
year-on-year (%) 42.5 37.5 21.8 32.1 10.3 -7.0 24.3
RevPAR actual (JPY) 19,007 22,592 11,022 13,907 12,316 11,051 15,019
year-on-year (%) 202.5 171.8 146.3 196.9 91.8 59.4 142.5
Gross Revenue actual (JPY mn) 201 231 121 171 154 146 1,027
year-on-year (%) 159.4 127.3 75.0 118.6 77.3 45.9 99.4
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 31.1 33.2 60.1 54.4 65.2 53.0 49.7
year-on-year (points) 17.9 4.9 25.6 21.8 29.2 23.4 20.7
ADR actual (JPY) 14,851 10,653 12,325 14,398 16,505 13,179 13,888
year-on-year (%) -6.3 -4.6 -20.0 7.7 -9.2 -0.6 -5.2
RevPAR actual (JPY) 4,622 3,541 7,411 7,830 10,759 6,982 6,906
year-on-year (%) 120.2 12.0 39.4 80.0 64.4 77.9 62.4
Gross Revenue actual (JPY mn) 32 25 49 49 66 48 271
year-on-year (%) 61.8 2.8 -7.8 55.0 57.4 80.1 36.1
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 71.6 78.7 76.4 74.2 86.1 76.4 77.2
year-on-year (points) 27.8 31.5 22.4 25.3 21.3 22.8 25.2
ADR actual (JPY) 17,309 23,135 17,379 17,609 20,702 21,534 19,692
year-on-year (%) -4.9 22.7 42.7 39.0 55.1 48.0 33.2
RevPAR actual (JPY) 12,386 18,211 13,280 13,058 17,824 16,449 15,198
year-on-year (%) 55.6 104.4 101.9 110.9 106.3 111.1 97.9
Gross Revenue actual (JPY mn) 74 107 76 81 104 99 543
year-on-year (%) 49.0 95.3 82.6 93.3 88.3 96.6 84.3
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 33.2 38.0 50.9 52.6 63.5 73.4 52.0
year-on-year (points) 17.2 21.8 21.8 27.6 44.9 48.8 30.4
ADR actual (JPY) 12,575 10,237 9,352 9,983 13,221 13,277 11,636
year-on-year (%) 35.5 20.0 9.1 12.5 -0.9 56.4 23.8
RevPAR actual (JPY) 4,173 3,894 4,758 5,248 8,390 9,748 6,055
year-on-year (%) 181.8 180.5 90.8 136.7 239.0 366.1 197.7
Gross Revenue actual (JPY mn) 29 24 35 35 54 60 239
year-on-year (%) 106.9 67.1 4.6 54.1 143.0 213.6 88.2
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 71.5 82.4 70.6 74.4 68.3 73.7 73.6
year-on-year (points) 33.9 40.3 40.9 31.6 24.9 23.1 32.4
ADR actual (JPY) 20,704 22,625 16,848 14,108 13,464 16,373 17,511
year-on-year (%) 39.1 33.3 36.9 16.7 22.8 24.4 30.5
RevPAR actual (JPY) 14,810 18,643 11,903 10,501 9,196 12,073 12,879
year-on-year (%) 164.1 160.8 225.1 102.7 93.2 81.1 133.4
Gross Revenue actual (JPY mn) 85 106 70 65 55 70 454
year-on-year (%) 127.2 128.9 142.9 70.6 65.0 58.8 97.6
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 28.8 33.3 50.9 41.9 57.1 47.3 43.4
year-on-year (points) 18.0 26.0 9.6 13.5 39.0 26.6 22.1
ADR actual (JPY) 5,422 5,197 5,866 7,335 8,815 5,273 6,529
year-on-year (%) -6.2 -18.6 1.3 37.8 26.4 27.7 16.1
RevPAR actual (JPY) 1,563 1,733 2,986 3,071 5,037 2,496 2,833
year-on-year (%) 150.5 269.1 25.0 103.6 297.5 191.7 136.5
Gross Revenue actual (JPY mn) 11 12 21 20 34 17 118
year-on-year (%) 67.8 134.4 -11.4 75.8 235.4 146.2 80.1
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 49.4 74.1 61.5 73.9 69.6 67.0 65.9
year-on-year (points) 6.3 44.5 29.3 36.3 14.7 12.8 24.0
ADR actual (JPY) 6,677 7,506 7,968 8,690 11,693 8,262 8,545
year-on-year (%) 19.6 28.6 81.9 60.9 67.5 42.4 47.8
RevPAR actual (JPY) 3,301 5,558 4,899 6,424 8,136 5,535 5,633
year-on-year (%) 36.9 222.4 247.3 216.6 112.2 75.9 132.4
Gross Revenue actual (JPY mn) 22 38 32 42 52 37 227
year-on-year (%) 30.0 175.3 177.5 182.1 105.1 69.2 113.3
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 42.9 39.6 62.0 73.8 79.7 83.5 63.8
year-on-year (points) 11.4 3.1 10.4 32.2 47.8 40.6 24.5
ADR actual (JPY) 5,771 6,096 5,668 6,181 6,290 5,850 5,992
year-on-year (%) 5.9 -1.5 0.3 2.9 -10.5 1.7 0.3
RevPAR actual (JPY) 2,475 2,412 3,514 4,560 5,016 4,885 3,823
year-on-year (%) 44.5 7.0 20.4 82.4 123.4 98.2 62.7
Gross Revenue actual (JPY mn) 40 32 54 68 72 76 345
year-on-year (%) 17.2 -3.3 12.0 74.3 105.4 92.9 49.2
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 79.2 77.9 83.9 88.7 80.3 77.9 81.3
year-on-year (points) 26.4 28.5 41.8 24.7 10.7 5.4 22.9
ADR actual (JPY) 6,661 8,703 6,915 8,096 7,641 6,883 7,491
year-on-year (%) 6.6 16.1 10.2 36.9 30.6 8.9 18.8
RevPAR actual (JPY) 5,273 6,777 5,800 7,184 6,138 5,363 6,091
year-on-year (%) 60.1 83.3 119.6 89.7 50.6 17.1 65.4
Gross Revenue actual (JPY mn) 83 84 75 98 86 80 509
year-on-year (%) 71.8 64.5 89.3 75.9 36.8 15.8 54.9
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 57.4 75.3 80.2 78.0 78.7 82.9 75.4
year-on-year (points) 43.9 56.8 60.1 54.9 46.7 46.8 51.4
ADR actual (JPY) 4,161 3,977 4,498 5,015 5,813 4,800 4,753
year-on-year (%) -6.3 -7.1 -13.4 7.0 35.6 18.1 7.0
RevPAR actual (JPY) 2,387 2,995 3,609 3,912 4,577 3,981 3,583
year-on-year (%) 300.1 278.1 244.4 260.7 233.8 170.8 237.1
Gross Revenue actual (JPY mn) 14 16 21 21 26 22 122
year-on-year (%) 229.3 171.7 161.2 177.8 177.8 134.7 170.0
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 81.2 84.3 83.9 78.2 85.2 91.0 83.9
year-on-year (points) 35.8 37.6 32.3 12.9 18.2 23.0 26.7
ADR actual (JPY) 5,408 5,477 5,743 6,898 7,586 8,197 6,578
year-on-year (%) 26.3 32.1 52.8 77.3 83.0 76.0 58.1
RevPAR actual (JPY) 4,390 4,616 4,819 5,393 6,462 7,457 5,522
year-on-year (%) 125.8 138.7 148.7 112.4 132.8 135.6 131.7
Gross Revenue actual (JPY mn) 25 26 27 30 35 41 187
year-on-year (%) 106.5 121.9 119.0 101.0 135.0 106.3 114.3
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 31.0 33.4 49.6 46.1 62.7 73.2 49.5
year-on-year (points) 20.6 21.1 21.5 21.1 44.4 56.1 30.9
ADR actual (JPY) 12,077 9,565 9,379 10,137 13,116 13,571 11,643
year-on-year (%) 28.1 27.8 14.6 24.5 3.0 54.0 28.2
RevPAR actual (JPY) 3,745 3,196 4,652 4,672 8,220 9,929 5,761
year-on-year (%) 280.7 245.8 102.0 129.9 254.0 558.6 240.8
Gross Revenue actual (JPY mn) 18 13 21 22 36 44 156
year-on-year (%) 85.9 18.4 -4.1 31.4 112.5 236.8 71.7
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 75.6 88.0 81.5 74.6 66.6 74.2 76.8
year-on-year (points) 41.6 50.0 51.0 34.9 16.7 25.0 36.6
ADR actual (JPY) 21,624 24,602 17,268 14,396 12,898 17,104 18,293
year-on-year (%) 39.7 37.8 52.9 30.6 28.7 21.4 38.5
RevPAR actual (JPY) 16,357 21,646 14,079 10,733 8,585 12,696 14,045
year-on-year (%) 210.7 219.1 308.6 145.5 71.8 83.1 164.4
Gross Revenue actual (JPY mn) 63 82 55 46 35 51 334
year-on-year (%) 161.8 183.8 174.0 87.1 44.5 62.4 116.6
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 67.6 62.3 83.4 81.4 82.5 78.8 76.2
year-on-year (points) 35.9 26.0 37.5 35.5 43.6 37.8 36.2
ADR actual (JPY) 5,200 4,586 5,884 6,106 6,719 5,609 5,763
year-on-year (%) 9.2 -1.5 16.0 27.8 27.6 37.2 20.5
RevPAR actual (JPY) 3,517 2,856 4,907 4,968 5,540 4,418 4,389
year-on-year (%) 133.1 69.2 110.8 126.7 170.4 164.0 129.8
Gross Revenue actual (JPY mn) 30 23 40 38 49 36 220
year-on-year (%) 73.5 25.2 54.2 62.9 129.7 98.0 73.4
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 77.9 88.7 80.4 83.9 82.7 84.9 83.1
year-on-year (points) 23.6 46.8 33.5 12.5 -2.1 -2.1 18.7
ADR actual (JPY) 6,434 7,049 7,884 11,039 12,224 11,041 9,289
year-on-year (%) 30.9 49.5 80.4 99.9 68.5 55.0 56.2
RevPAR actual (JPY) 5,014 6,255 6,338 9,260 10,110 9,373 7,720
year-on-year (%) 87.9 216.3 209.0 135.0 64.3 51.3 101.7
Gross Revenue actual (JPY mn) 40 47 47 68 74 69 348
year-on-year (%) 57.4 119.5 115.9 99.1 51.3 26.2 67.2
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 55.1 54.3 55.7 57.0 68.6 90.4 63.6
year-on-year (points) 30.1 20.1 13.6 13.8 29.2 47.6 25.8
ADR actual (JPY) 5,755 4,909 5,471 7,019 7,325 8,105 6,633
year-on-year (%) -4.8 -6.4 5.1 24.3 -3.7 30.4 10.4
RevPAR actual (JPY) 3,170 2,664 3,049 4,004 5,023 7,328 4,216
year-on-year (%) 110.2 48.8 39.1 64.0 67.6 175.4 85.7
Gross Revenue actual (JPY mn) 70 51 75 87 113 150 548
year-on-year (%) 33.9 2.9 12.7 41.4 75.4 144.8 53.5
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 85.8 87.3 87.8 84.1 78.3 88.1 85.3
year-on-year (points) 17.7 32.7 39.6 19.0 24.2 39.5 28.7
ADR actual (JPY) 15,058 15,621 10,841 8,606 7,102 7,243 10,822
year-on-year (%) 50.0 56.2 77.2 34.4 -2.7 14.2 38.4
RevPAR actual (JPY) 12,921 13,632 9,521 7,241 5,562 6,381 9,228
year-on-year (%) 88.9 150.0 222.7 73.5 40.8 106.9 108.8
Gross Revenue actual (JPY mn) 202 183 155 156 129 137 963
year-on-year (%) 65.0 75.6 157.9 71.9 22.8 36.9 65.1
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 40.2 39.6 61.3 63.0 56.4 72.9 55.7
year-on-year (points) 18.2 16.0 27.2 38.6 37.1 40.1 29.6
ADR actual (JPY) 6,602 5,950 6,619 7,007 8,162 6,388 6,833
year-on-year (%) -13.1 -15.0 -11.5 5.0 13.1 0.9 -2.8
RevPAR actual (JPY) 2,653 2,355 4,055 4,415 4,599 4,659 3,805
year-on-year (%) 58.9 42.5 59.1 171.0 230.6 124.0 107.8
Gross Revenue actual (JPY mn) 34 23 36 37 40 46 218
year-on-year (%) 91.0 9.0 0.5 93.1 122.4 73.7 56.1
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 69.6 65.5 56.1 64.6 82.8 73.2 68.6
year-on-year (points) 28.9 20.2 23.5 18.2 22.2 10.0 20.5
ADR actual (JPY) 7,763 10,192 7,832 9,244 10,069 9,346 9,136
year-on-year (%) 4.4 37.3 14.9 37.1 35.4 39.9 28.9
RevPAR actual (JPY) 5,402 6,679 4,391 5,975 8,335 6,839 6,269
year-on-year (%) 78.7 98.6 97.6 90.7 85.0 62.1 83.8
Gross Revenue actual (JPY mn) 49 52 38 52 68 63 324
year-on-year (%) 47.7 54.3 35.9 63.5 68.9 34.5 50.7
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 31.5 23.3 28.0 37.3 43.2 50.0 35.7
year-on-year (points) 26.3 23.3 28.0 34.5 33.1 41.1 31.1
ADR actual (JPY) 4,575 4,192 4,009 4,474 5,556 6,137 5,009
year-on-year (%) 20.0 - - -2.7 19.9 46.2 15.7
RevPAR actual (JPY) 1,443 976 1,123 1,670 2,401 3,068 1,787
year-on-year (%) 617.8 - - 1,158.9 414.1 720.3 800.7
Gross Revenue actual (JPY mn) 6 4 6 6 9 12 44
year-on-year (%) 56.2 -27.5 -2.2 22.1 87.7 102.9 36.7
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 58.6 59.2 65.8 51.2 57.6 55.7 58.0
year-on-year (points) 34.4 30.9 43.8 22.7 20.6 12.6 27.4
ADR actual (JPY) 7,909 9,265 7,411 6,930 6,026 7,135 7,474
year-on-year (%) 42.1 120.3 89.7 80.5 40.3 52.1 68.8
RevPAR actual (JPY) 4,634 5,486 4,874 3,547 3,471 3,977 4,333
year-on-year (%) 244.2 360.2 466.6 224.5 118.2 96.3 220.3
Gross Revenue actual (JPY mn) 16 18 16 12 11 13 89
year-on-year (%) 123.6 199.0 221.5 108.2 75.7 72.7 127.5
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 17.4 16.6 25.1 24.3 30.9 51.4 27.7
year-on-year (points) 16.3 16.6 25.1 24.1 22.8 46.7 25.3
ADR actual (JPY) 7,164 5,062 5,366 5,826 6,758 6,276 6,144
year-on-year (%) -2.4 - - -8.9 22.2 20.2 10.0
RevPAR actual (JPY) 1,250 841 1,349 1,414 2,089 3,225 1,702
year-on-year (%) 1,413.5 - - 14,155.8 364.1 1,217.5 1,175.2
Gross Revenue actual (JPY mn) 4 2 4 4 6 10 32
year-on-year (%) 88.1 -26.8 8.3 50.6 114.2 203.1 68.3
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 51.2 62.3 61.4 47.5 37.0 55.1 52.5
year-on-year (points) 34.1 43.2 44.2 26.0 10.3 28.0 31.0
ADR actual (JPY) 9,055 11,654 8,514 7,939 7,883 9,442 9,235
year-on-year (%) 55.9 85.1 64.0 56.7 24.5 34.5 52.9
RevPAR actual (JPY) 4,639 7,261 5,227 3,773 2,915 5,203 4,845
year-on-year (%) 364.8 503.9 486.4 245.3 72.9 173.6 274.0
Gross Revenue actual (JPY mn) 12 19 13 10 8 14 79
year-on-year (%) 179.0 295.1 219.7 124.7 49.9 116.4 159.4
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 22.4 26.1 28.1 35.0 45.8 55.7 35.5
year-on-year (points) 22.4 26.1 28.1 34.3 39.2 51.8 33.6
ADR actual (JPY) 4,237 3,699 3,330 3,660 4,414 5,030 4,204
year-on-year (%) - - - 2.7 1.9 37.6 3.8
RevPAR actual (JPY) 948 964 935 1,282 2,020 2,800 1,494
year-on-year (%) - - - 4,447.6 605.4 1,876.8 1,835.5
Gross Revenue actual (JPY mn) 2 2 3 3 5 8 27
year-on-year (%) -0.1 -22.9 0.6 9.9 133.1 173.9 43.5
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 63.5 71.1 45.5 53.3 49.2 48.8 55.3
year-on-year (points) 49.8 42.2 24.8 25.1 10.8 23.1 29.4
ADR actual (JPY) 6,314 6,866 6,164 5,670 5,328 5,835 6,095
year-on-year (%) 40.6 89.8 76.8 68.4 40.0 24.5 58.0
RevPAR actual (JPY) 4,010 4,881 2,802 3,020 2,622 2,849 3,371
year-on-year (%) 551.3 367.3 289.7 218.7 79.1 136.6 237.7
Gross Revenue actual (JPY mn) 10 12 6 7 6 7 50
year-on-year (%) 252.1 211.3 96.2 100.1 50.7 83.8 126.3
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 75.2 84.2 84.7 94.3 88.1 86.5 85.5
year-on-year (points) 35.7 44.1 32.9 47.0 34.8 32.4 37.7
ADR actual (JPY) 4,382 4,256 4,876 5,221 5,756 5,140 4,970
year-on-year (%) -2.9 -1.4 14.0 13.6 23.1 20.5 11.9
RevPAR actual (JPY) 3,296 3,583 4,130 4,923 5,069 4,445 4,247
year-on-year (%) 84.7 107.2 86.6 126.2 103.5 92.8 100.2
Gross Revenue actual (JPY mn) 7 7 9 10 11 9 56
year-on-year (%) 75.1 86.6 73.8 117.0 96.6 89.6 90.2
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 83.1 91.0 83.9 90.7 92.9 92.0 88.9
year-on-year (points) 24.1 23.4 19.5 7.8 3.6 -0.8 13.0
ADR actual (JPY) 6,198 5,474 6,211 5,849 6,369 7,076 6,197
year-on-year (%) 26.7 19.7 46.9 51.7 57.7 43.7 40.7
RevPAR actual (JPY) 5,150 4,982 5,208 5,307 5,917 6,509 5,512
year-on-year (%) 78.5 61.1 91.5 65.9 64.1 42.4 64.7
Gross Revenue actual (JPY mn) 11 11 11 11 12 14 73
year-on-year (%) 76.6 54.6 87.2 63.7 61.5 40.5 61.5
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 23.7 19.6 22.4 25.0 25.5 25.8 23.7
year-on-year (points) 17.5 13.8 15.7 15.7 18.3 18.2 16.6
ADR actual (JPY) 2,258 2,298 2,354 2,492 2,584 2,498 2,423
year-on-year (%) 7.0 6.3 3.8 11.2 15.8 11.6 9.5
RevPAR actual (JPY) 535 451 527 623 660 645 575
year-on-year (%) 310.7 260.5 247.5 197.2 311.1 278.6 263.6
Gross Revenue actual (JPY mn) 3 2 3 3 3 3 19
year-on-year (%) 97.3 58.1 70.2 94.8 120.1 131.4 95.4
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 28.1 33.3 32.8 36.3 40.4 43.0 35.6
year-on-year (points) 18.2 23.9 22.7 25.0 22.3 15.4 21.2
ADR actual (JPY) 2,594 2,573 2,624 2,848 3,415 3,817 3,039
year-on-year (%) -9.5 3.6 18.3 25.4 49.0 61.4 27.1
RevPAR actual (JPY) 729 857 859 1,034 1,381 1,640 1,083
year-on-year (%) 156.4 267.5 283.4 302.1 231.4 151.3 214.0
Gross Revenue actual (JPY mn) 3 4 4 5 6 8 32
year-on-year (%) 77.3 122.1 116.2 174.4 166.5 131.4 132.0
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 83.9 81.2 91.5 87.3 92.4 87.7 87.4
year-on-year (points) 47.9 43.0 36.6 34.9 33.6 31.6 37.9
ADR actual (JPY) 4,981 4,348 5,404 5,835 6,263 5,221 5,379
year-on-year (%) 6.5 -5.7 12.3 31.0 36.1 31.9 19.4
RevPAR actual (JPY) 4,177 3,532 4,943 5,094 5,784 4,580 4,702
year-on-year (%) 148.6 100.2 87.2 118.3 114.0 106.3 110.8
Gross Revenue actual (JPY mn) 10 8 12 12 14 11 70
year-on-year (%) 107.2 63.8 62.4 93.4 92.5 100.7 85.8
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 89.5 94.2 91.0 88.5 89.0 92.9 90.9
year-on-year (points) 13.9 29.1 29.1 6.9 1.6 1.0 13.6
ADR actual (JPY) 6,005 6,644 7,079 10,247 11,255 10,601 8,619
year-on-year (%) 32.8 47.4 62.9 97.0 64.8 55.1 56.5
RevPAR actual (JPY) 5,373 6,257 6,442 9,065 10,021 9,847 7,830
year-on-year (%) 57.2 113.4 139.7 113.6 67.8 56.8 84.0
Gross Revenue actual (JPY mn) 13 14 14 20 22 23 109
year-on-year (%) 51.2 82.8 96.0 100.3 59.5 50.1 69.8
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 72.4 73.4 78.2 69.3 77.6 90.1 76.9
year-on-year (points) 9.2 16.4 7.9 18.5 26.5 18.9 16.2
ADR actual (JPY) 7,721 7,644 7,603 7,278 7,404 7,506 7,526
year-on-year (%) 2.0 -1.6 4.2 3.9 6.3 6.1 3.3
RevPAR actual (JPY) 5,586 5,612 5,949 5,046 5,746 6,766 5,786
year-on-year (%) 16.8 26.7 16.0 41.6 61.5 34.1 30.9
Gross Revenue actual (JPY mn) 13 11 14 11 13 15 79
year-on-year (%) 18.6 28.5 6.0 36.6 56.7 33.1 27.7
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 94.4 91.0 90.9 85.9 80.5 86.0 88.1
year-on-year (points) 11.9 14.1 13.6 -2.0 2.4 4.0 7.3
ADR actual (JPY) 8,128 8,114 8,037 8,003 7,565 8,351 8,043
year-on-year (%) 5.8 3.5 4.6 5.7 2.4 8.8 5.3
RevPAR actual (JPY) 7,671 7,385 7,302 6,879 6,092 7,181 7,089
year-on-year (%) 21.1 22.5 23.1 3.2 5.6 14.1 14.8
Gross Revenue actual (JPY mn) 17 17 16 15 13 16 97
year-on-year (%) 22.9 22.5 23.3 2.4 4.2 14.1 14.8
    (Note 1) This property was acquired on July 19, 2019.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 41.7 47.5 68.5 75.3 76.1 56.4 61.1
year-on-year (points) -24.4 10.1 22.9 13.3 22.1 -5.7 6.4
ADR actual (JPY) 7,102 7,177 7,481 7,661 7,806 7,890 7,569
year-on-year (%) 4.6 6.8 9.9 8.5 17.3 20.3 11.8
RevPAR actual (JPY) 2,962 3,411 5,124 5,767 5,936 4,450 4,623
year-on-year (%) -34.1 35.6 65.1 31.9 65.3 9.3 24.8
Gross Revenue actual (JPY mn) 113 110 166 177 200 144 912
year-on-year (%) -21.7 25.8 32.2 12.8 31.7 -7.2 10.8
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 51.8 67.7 67.3 61.2 75.6 74.6 66.3
year-on-year (points) -23.1 7.2 10.1 -5.8 -11.7 16.1 -1.2
ADR actual (JPY) 8,469 8,729 8,398 8,290 8,121 9,513 8,607
year-on-year (%) 16.9 22.0 24.7 24.7 29.7 34.8 26.1
RevPAR actual (JPY) 4,384 5,912 5,654 5,076 6,139 7,092 5,708
year-on-year (%) -19.1 36.6 46.8 13.8 12.2 72.0 23.8
Gross Revenue actual (JPY mn) 136 179 168 153 197 218 1,054
year-on-year (%) -32.5 14.9 19.7 -20.2 7.8 51.3 3.4
    (Note 1) This property was acquired on January 6, 2020.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 57.4 49.8 61.7 76.5 67.6 78.8 65.4
year-on-year (points) 5.0 -13.0 -7.8 22.5 16.5 20.4 7.5
ADR actual (JPY) 7,021 7,135 6,666 7,000 7,938 7,322 7,195
year-on-year (%) 29.0 30.7 17.8 15.5 11.3 17.7 20.5
RevPAR actual (JPY) 4,032 3,551 4,116 5,356 5,364 5,766 4,707
year-on-year (%) 41.4 3.6 4.7 63.8 47.4 58.8 36.1
Gross Revenue actual (JPY mn) 56 45 56 77 69 77 382
year-on-year (%) 8.3 -16.8 -21.1 39.0 16.2 30.2 8.4
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 80.1 80.7 77.5 82.9 79.0 78.7 79.8
year-on-year (points) 13.9 22.6 23.1 12.9 10.6 1.8 14.1
ADR actual (JPY) 7,873 10,495 9,741 9,507 7,919 7,197 8,796
year-on-year (%) 12.4 53.8 77.9 29.8 9.3 -1.7 26.9
RevPAR actual (JPY) 6,303 8,467 7,547 7,878 6,253 5,661 7,019
year-on-year (%) 36.0 113.5 153.5 53.8 26.3 0.5 54.2
Gross Revenue actual (JPY mn) 76 84 82 104 82 76 507
year-on-year (%) 19.1 66.9 71.7 38.5 9.0 -11.6 26.5
    (Note 1) This property was acquired on January 6, 2020.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 8.3 22.0 39.5 49.3 47.5 50.0 36.2
year-on-year (points) 8.3 22.0 39.5 49.3 47.5 45.9 35.5
ADR actual (USD) 329 512 504 497 420 395 453
year-on-year (%) - - - - - 43.9 60.7
RevPAR actual (USD) 27 113 199 245 199 198 164
year-on-year (%) 9,877.1 - - - - 1,646.8 8,413.1
Gross Revenue actual (USD'000) 894 2,327 4,140 5,189 4,426 4,519 21,496
year-on-year (%) 246.2 509.0 1,189.8 1,314.5 1,884.7 675.7 907.4
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 53.3 44.5 31.7 52.8 79.6 83.8 57.6
year-on-year (points) 47.7 37.1 27.8 48.1 76.5 70.7 51.3
ADR actual (USD) 384 334 289 341 466 726 464
year-on-year (%) 32.5 29.6 15.5 28.0 57.3 94.5 51.6
RevPAR actual (USD) 205 149 92 180 371 608 268
year-on-year (%) 1,166.8 688.5 846.8 1,335.3 3,949.9 1,145.3 1,286.4
Gross Revenue actual (USD'000) 4,801 3,743 2,466 4,048 6,917 10,506 32,484
year-on-year (%) 564.9 393.9 335.2 654.1 1,505.1 333.8 497.5
    (Note 1) This property was acquired on Septemer 28, 2018.
2022/01 2022/02 2022/03 2022/04 2022/05 2022/06 2022/01～06
Occupancy Rate actual (%) 59.0 41.1 41.9 55.6 47.3 48.4 49.0
year-on-year (points) 35.2 1.7 13.2 29.0 25.8 27.2 22.3
ADR actual (USD) 194 228 229 224 202 195 211
year-on-year (%) 12.6 33.8 48.1 67.3 47.7 36.5 37.2
RevPAR actual (USD) 115 94 96 125 95 95 103
year-on-year (%) 179.0 39.5 116.1 249.4 225.3 210.5 151.6
Gross Revenue actual (USD'000) 805 533 646 741 670 595 3,992
year-on-year (%) 221.1 45.0 144.9 246.8 259.4 220.4 171.8
2022/07 2022/08 2022/09 2022/10 2022/11 2022/12 2022/07～12
Occupancy Rate actual (%) 48.9 44.9 28.1 50.6 74.9 67.8 52.5
year-on-year (points) 15.1 13.1 -11.5 1.4 37.7 34.7 15.1
ADR actual (USD) 195 185 177 180 232 318 225
year-on-year (%) 39.3 37.0 36.4 42.1 67.7 61.9 57.5
RevPAR actual (USD) 95 83 50 91 173 215 118
year-on-year (%) 101.3 93.9 -3.3 46.1 238.1 231.7 121.1
Gross Revenue actual (USD'000) 593 518 279 536 997 1,235 4,160
year-on-year (%) 113.9 110.2 -2.2 52.3 200.8 242.2 124.3
    (Note 1) This property was acquired on Septemer 28, 2018.

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