Hotel Performance

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Domestic Hotels Total
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
# of Properties (Note2) actual - 79 (89) 79 (89) 79 (89) 79 (89) 79 (89) 80 (89) 80 (89)
Occupancy Rate actual (%) 74.0 81.8 83.0 80.9 80.3 82.1 80.3
ADR actual (JPY) 10,224 12,032 12,928 13,235 12,656 11,888 12,188
RevPAR actual (JPY) 7,563 9,842 10,729 10,709 10,167 9,754 9,789
Gross Revenue actual (JPY mn) 4,532 5,191 6,143 5,931 5,873 5,555 33,227
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
# of Properties (Note2) actual - 80 (89) 92 (101) 92 (101) - - - 92 (101)
Occupancy Rate actual (%) 85.5 85.9 84.6 - - - 85.3
ADR actual (JPY) 14,427 17,523 13,244 - - - 15,127
RevPAR actual (JPY) 12,328 15,058 11,206 - - - 12,907
Gross Revenue actual (JPY mn) 6,979 10,107 7,635 - - - 24,773
Overseas Hotels Total
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
# of Properties (Note2) actual - 2 2 2 2 2 2 2
Occupancy Rate actual (%) 80.8 83.5 89.7 80.1 72.3 67.5 79.0
ADR actual (USD) 621 602 662 590 444 419 564
RevPAR actual (USD) 501 503 594 473 321 283 446
Gross Revenue actual (USD'000) 12,819 11,766 15,517 12,133 8,770 7,530 68,538
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
# of Properties (Note2) actual - 2 2 2 - - - 2
Occupancy Rate actual (%) 51.1 53.7 31.9 - - - 45.7
ADR actual (USD) 386 349 246 - - - 339
RevPAR actual (USD) 197 187 79 - - - 155
Gross Revenue actual (USD'000) 5,371 5,205 2,673 - - - 13,250
  1. ADR and RevPAR are rounded to the nearest yen and Gross Revenue is rounded down to the indicated unit. Percentages are rounded to one decimal place.This applies hereinafter.
  2. # of properties shows the number of the hotels that are subject to the calculation for each month, and does not include the number of hotels under fixed rent contract. The number in the parenthesis shows the total number of hotels held by INV as of the end of the subject month, including the hotels under fixed rent contract. Please see the footnote of the individual hotels listed below to identify the hotels under fixed rent contract.
  3. Sheraton Grande Tokyo Bay Hotel, the underlying asset of the preferred equity interest acquired on October 13, 2017 is excluded from the performance calculation.
  4. “Gross Revenue” for 2018 shows the total revenue of the hotel, while “Gross Revenue” prior to 2018 showed the gross operating income of the hotel. Year-on-year change in 2018 shows the total revenue in 2018 vs. the total revenue in 2017. There is no significant difference between total revenue and gross operating income for the limited service hotels that account for the vast majority of INV's hotel portfolio.
  5. For below figures of each hotel, comparison for year-on-year is not made if the days of operation are less than one month. Year-on-year comparison for the six month cumulative figures is not provided if the property was not held as at the beginning of the fiscal period. Year-on-year comparison with the pre-acquisition period of each hotel is based on actual results provided by sellers.
  6. Figures for year-on-year comparison are not shown in the case that the figures cannot be calculated due to the closure, etc. during the previous year.

Individual Hotels

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2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 78.6 86.0 89.0 90.3 89.2 88.7 86.9
year-on-year (points) -4.5 1.8 3.2 10.0 15.2 8.7 5.8
ADR actual (JPY) 9,087 11,078 13,808 13,293 12,213 11,309 11,863
year-on-year (%) 25.5 20.6 6.3 0.3 9.4 19.5 12.4
RevPAR actual (JPY) 7,144 9,529 12,288 12,002 10,891 10,028 10,314
year-on-year (%) 18.8 23.2 10.3 12.8 31.8 32.5 20.4
Gross Revenue actual (JPY mn) 28 35 48 45 42 38 238
year-on-year (%) 19.5 27.4 10.0 12.6 31.7 32.1 20.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 87.7 85.7 88.0 - - - 87.1
year-on-year (points) 1.4 -0.7 4.4 - - - 1.7
ADR actual (JPY) 11,580 10,963 11,363 - - - 11,304
year-on-year (%) 26.4 23.1 23.2 - - - 24.3
RevPAR actual (JPY) 10,151 9,400 10,004 - - - 9,850
year-on-year (%) 28.4 22.1 29.7 - - - 26.7
Gross Revenue actual (JPY mn) 39 37 38 - - - 115
year-on-year (%) 28.0 21.9 28.7 - - - 26.2
    (Note 1) This property was acquired on May 23, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 77.5 86.3 92.7 93.0 89.1 89.8 88.0
year-on-year (points) 6.9 0.8 1.5 4.9 1.8 7.7 3.9
ADR actual (JPY) 6,833 7,686 8,840 8,486 8,595 8,414 8,184
year-on-year (%) 39.1 41.0 39.4 29.7 41.4 35.4 37.2
RevPAR actual (JPY) 5,293 6,629 8,199 7,892 7,661 7,552 7,205
year-on-year (%) 52.7 42.2 41.6 36.9 44.3 48.1 43.6
Gross Revenue actual (JPY mn) 27 31 41 39 39 37 216
year-on-year (%) 50.4 46.1 39.3 37.3 44.9 43.0 42.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 88.8 89.3 89.4 - - - 89.2
year-on-year (points) 4.5 0.8 6.3 - - - 3.9
ADR actual (JPY) 8,388 8,416 8,558 - - - 8,453
year-on-year (%) 18.7 24.0 19.9 - - - 20.9
RevPAR actual (JPY) 7,451 7,515 7,654 - - - 7,539
year-on-year (%) 25.1 25.2 29.0 - - - 26.4
Gross Revenue actual (JPY mn) 38 38 37 - - - 114
year-on-year (%) 25.0 25.3 28.2 - - - 26.2
    (Note 1) This property was acquired on May 23, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 42.3 72.9 77.2 71.6 85.7 72.0 70.2
year-on-year (points) -23.6 0.6 5.0 -2.1 14.9 0.6 -0.8
ADR actual (JPY) 8,538 8,750 16,708 18,257 12,484 10,181 12,834
year-on-year (%) 41.2 37.2 28.3 34.7 6.0 20.8 28.6
RevPAR actual (JPY) 3,609 6,379 12,892 13,079 10,697 7,334 9,014
year-on-year (%) -9.4 38.3 37.2 30.8 28.2 21.7 27.1
Gross Revenue actual (JPY mn) 28 46 97 96 83 56 409
year-on-year (%) -9.0 38.4 33.5 28.0 27.5 19.9 25.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 68.3 75.4 71.5 - - - 71.7
year-on-year (points) 0.0 4.9 -2.1 - - - 1.0
ADR actual (JPY) 12,162 11,067 10,631 - - - 11,276
year-on-year (%) 23.7 21.4 20.1 - - - 21.8
RevPAR actual (JPY) 8,302 8,348 7,599 - - - 8,088
year-on-year (%) 23.8 29.8 16.7 - - - 23.5
Gross Revenue actual (JPY mn) 65 66 57 - - - 188
year-on-year (%) 21.4 29.1 15.7 - - - 22.1
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 90.2 90.8 92.7 93.0 91.8 90.6 91.5
year-on-year (points) 7.2 3.5 4.9 4.3 4.1 1.1 4.2
ADR actual (JPY) 11,216 15,055 16,807 11,379 13,240 11,537 13,213
year-on-year (%) 18.2 48.0 5.6 1.5 0.9 3.9 11.1
RevPAR actual (JPY) 10,118 13,669 15,577 10,579 12,152 10,454 12,092
year-on-year (%) 28.5 53.9 11.5 6.5 5.7 5.1 16.5
Gross Revenue actual (JPY mn) 64 77 96 76 78 66 460
year-on-year (%) 23.1 46.1 10.4 9.9 3.9 5.5 14.7
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 87.4 90.1 91.6 - - - 89.7
year-on-year (points) 4.0 2.5 2.7 - - - 3.1
ADR actual (JPY) 10,636 12,203 12,811 - - - 11,891
year-on-year (%) -5.1 -4.9 2.9 - - - -2.4
RevPAR actual (JPY) 9,301 10,995 11,737 - - - 10,666
year-on-year (%) -0.5 -2.2 6.0 - - - 1.1
Gross Revenue actual (JPY mn) 70 69 72 - - - 212
year-on-year (%) 7.1 -2.5 7.0 - - - 3.7
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 95.5 97.2 97.1 97.0 95.9 97.6 96.7
year-on-year (points) -0.8 -0.3 -0.4 0.5 0.9 0.1 0.0
ADR actual (JPY) 19,712 24,434 30,272 22,049 23,323 21,603 23,585
year-on-year (%) 28.3 50.8 17.8 9.2 5.1 12.5 18.7
RevPAR actual (JPY) 18,829 23,742 29,382 21,396 22,378 21,083 22,808
year-on-year (%) 27.3 50.4 17.3 9.8 6.0 12.6 18.7
Gross Revenue actual (JPY mn) 58 66 87 63 67 61 403
year-on-year (%) 25.0 51.6 16.7 9.4 5.9 10.4 18.0
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 97.2 96.2 95.8 - - - 96.4
year-on-year (points) 2.5 -1.3 0.1 - - - 0.4
ADR actual (JPY) 21,957 22,745 23,444 - - - 22,704
year-on-year (%) 6.5 -0.4 12.8 - - - 5.9
RevPAR actual (JPY) 21,351 21,872 22,454 - - - 21,886
year-on-year (%) 9.3 -1.8 13.0 - - - 6.4
Gross Revenue actual (JPY mn) 63 65 64 - - - 194
year-on-year (%) 7.1 -3.4 12.3 - - - 4.8
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 63.2 74.8 82.7 82.0 84.6 85.9 78.9
year-on-year (points) -8.5 -0.2 -0.3 8.1 15.6 3.3 3.0
ADR actual (JPY) 11,472 13,702 15,288 14,685 13,874 12,279 13,625
year-on-year (%) 6.4 2.3 -1.8 2.6 -3.2 6.0 2.1
RevPAR actual (JPY) 7,251 10,254 12,651 12,043 11,731 10,546 10,745
year-on-year (%) -6.1 2.1 -2.2 13.8 18.6 10.3 6.1
Gross Revenue actual (JPY mn) 41 52 65 62 63 56 341
year-on-year (%) -5.6 4.7 -1.9 13.2 17.7 11.1 6.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 89.1 80.3 77.9 - - - 82.5
year-on-year (points) 12.4 5.2 -0.7 - - - 5.7
ADR actual (JPY) 12,931 13,408 13,877 - - - 13,379
year-on-year (%) 1.9 0.2 10.8 - - - 4.0
RevPAR actual (JPY) 11,520 10,770 10,806 - - - 11,034
year-on-year (%) 18.4 7.1 9.8 - - - 11.7
Gross Revenue actual (JPY mn) 65 59 57 - - - 182
year-on-year (%) 23.1 6.8 10.9 - - - 13.5
    (Note 1) This property was acquired on July 17, 2014.
    (Note 2) The name of this property was changed from "Hotel MyStays Dojima" as of March 10, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 85.9 87.6 90.4 85.6 87.9 77.6 85.9
year-on-year (points) 13.1 3.5 0.0 -3.6 4.0 -4.4 2.2
ADR actual (JPY) 6,399 7,496 7,861 8,885 7,307 7,328 7,545
year-on-year (%) 9.1 10.7 13.4 28.1 2.0 17.7 13.1
RevPAR actual (JPY) 5,498 6,566 7,108 7,602 6,420 5,685 6,477
year-on-year (%) 28.8 15.3 13.4 23.0 6.9 11.4 16.0
Gross Revenue actual (JPY mn) 51 57 68 68 60 51 357
year-on-year (%) 25.7 18.4 13.5 21.6 7.7 9.8 15.7
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 89.5 95.1 88.6 - - - 91.1
year-on-year (points) 9.9 10.8 8.2 - - - 9.6
ADR actual (JPY) 7,485 8,438 8,139 - - - 8,028
year-on-year (%) -1.8 12.3 -10.0 - - - -0.2
RevPAR actual (JPY) 6,695 8,027 7,211 - - - 7,312
year-on-year (%) 10.4 26.6 -0.7 - - - 11.6
Gross Revenue actual (JPY mn) 62 75 64 - - - 202
year-on-year (%) 9.6 24.6 0.4 - - - 11.3
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 57.3 69.7 83.6 85.8 77.5 73.7 74.6
year-on-year (points) -23.1 -8.1 0.3 1.1 7.9 2.7 -3.2
ADR actual (JPY) 6,089 7,773 8,642 8,274 8,122 6,471 7,663
year-on-year (%) -2.2 7.3 8.5 22.1 0.7 1.9 7.9
RevPAR actual (JPY) 3,490 5,417 7,228 7,095 6,291 4,768 5,716
year-on-year (%) -30.3 -3.9 8.9 23.8 12.2 5.8 3.5
Gross Revenue actual (JPY mn) 22 31 45 41 39 29 210
year-on-year (%) -28.3 -0.8 6.3 19.0 9.8 4.2 2.3
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 89.4 85.9 88.9 - - - 88.1
year-on-year (points) 14.5 7.9 15.5 - - - 12.6
ADR actual (JPY) 7,270 7,391 7,505 - - - 7,387
year-on-year (%) 11.2 6.3 16.2 - - - 11.0
RevPAR actual (JPY) 6,502 6,347 6,675 - - - 6,506
year-on-year (%) 32.7 17.1 40.8 - - - 29.5
Gross Revenue actual (JPY mn) 40 40 40 - - - 121
year-on-year (%) 27.3 12.0 33.5 - - - 23.7
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 82.9 86.8 93.6 89.6 90.2 89.3 88.8
year-on-year (points) 5.8 0.9 4.9 3.7 3.4 2.1 3.5
ADR actual (JPY) 7,411 9,411 11,994 11,497 10,767 9,401 10,137
year-on-year (%) 0.2 5.0 7.8 8.7 6.6 8.1 6.4
RevPAR actual (JPY) 6,143 8,169 11,226 10,301 9,709 8,400 8,996
year-on-year (%) 7.8 6.0 13.8 13.4 10.7 10.7 10.7
Gross Revenue actual (JPY mn) 41 50 73 65 63 53 348
year-on-year (%) 10.0 14.5 14.9 13.2 7.4 9.0 11.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 88.9 92.1 86.3 - - - 89.1
year-on-year (points) 4.3 5.4 3.0 - - - 4.3
ADR actual (JPY) 9,889 11,822 10,554 - - - 10,772
year-on-year (%) 7.7 12.7 1.1 - - - 7.3
RevPAR actual (JPY) 8,796 10,891 9,103 - - - 9,602
year-on-year (%) 13.1 19.8 4.7 - - - 12.7
Gross Revenue actual (JPY mn) 57 70 57 - - - 185
year-on-year (%) 10.1 13.4 2.5 - - - 8.8
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 79.4 86.3 87.6 88.3 90.1 89.8 86.9
year-on-year (points) -1.8 1.3 2.6 2.2 6.1 4.3 2.5
ADR actual (JPY) 7,447 9,436 11,684 10,006 9,194 8,692 9,438
year-on-year (%) 23.4 27.2 26.9 10.1 12.6 14.2 18.9
RevPAR actual (JPY) 5,915 8,141 10,233 8,837 8,285 7,807 8,202
year-on-year (%) 20.7 29.2 30.9 12.9 20.8 20.0 22.4
Gross Revenue actual (JPY mn) 17 22 30 25 24 22 142
year-on-year (%) 21.1 33.4 31.8 12.9 21.5 20.1 23.3
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 88.9 88.6 71.7 - - - 83.2
year-on-year (points) 4.3 1.0 -14.8 - - - -3.1
ADR actual (JPY) 8,674 8,520 8,745 - - - 8,639
year-on-year (%) 14.2 12.0 17.3 - - - 14.4
RevPAR actual (JPY) 7,711 7,548 6,269 - - - 7,186
year-on-year (%) 20.0 13.3 -2.8 - - - 10.3
Gross Revenue actual (JPY mn) 22 22 17 - - - 62
year-on-year (%) 18.7 12.8 -2.1 - - - 9.9
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 84.5 90.1 94.0 88.3 89.0 83.1 88.2
year-on-year (points) 6.7 -0.3 -0.7 0.7 5.6 -0.1 2.0
ADR actual (JPY) 8,695 11,027 10,849 9,261 10,057 9,840 9,971
year-on-year (%) 20.2 23.2 20.0 16.5 12.1 16.9 18.0
RevPAR actual (JPY) 7,346 9,938 10,199 8,178 8,950 8,174 8,792
year-on-year (%) 30.5 22.8 19.1 17.5 19.5 16.7 20.8
Gross Revenue actual (JPY mn) 42 53 58 46 52 45 298
year-on-year (%) 30.7 27.2 20.1 20.7 21.1 16.8 22.5
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 92.1 87.8 90.1 - - - 90.0
year-on-year (points) 3.1 -4.6 0.8 - - - -0.2
ADR actual (JPY) 11,790 11,278 11,078 - - - 11,390
year-on-year (%) 30.0 23.7 36.3 - - - 29.7
RevPAR actual (JPY) 10,860 9,897 9,977 - - - 10,247
year-on-year (%) 34.6 17.5 37.6 - - - 29.4
Gross Revenue actual (JPY mn) 62 56 55 - - - 174
year-on-year (%) 33.1 17.7 36.7 - - - 28.7
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 85.3 90.3 92.6 91.4 84.2 50.6 82.4
year-on-year (points) -4.0 1.3 -1.4 4.9 0.6 -20.7 -3.2
ADR actual (JPY) 10,135 13,012 15,214 14,931 12,276 10,891 12,934
year-on-year (%) 39.4 52.8 81.1 51.1 22.0 9.8 44.5
RevPAR actual (JPY) 8,650 11,750 14,083 13,649 10,336 5,513 10,663
year-on-year (%) 33.1 55.0 78.4 59.7 22.9 -22.1 39.1
Gross Revenue actual (JPY mn) 17 21 27 25 20 10 123
year-on-year (%) 30.2 49.4 71.5 54.4 20.4 -21.7 35.1
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 44.1 35.2 57.1 - - - 45.5
year-on-year (points) -44.9 -48.9 -32.9 - - - -42.2
ADR actual (JPY) 13,120 15,904 15,554 - - - 14,857
year-on-year (%) 42.6 55.5 53.8 - - - 51.1
RevPAR actual (JPY) 5,790 5,596 8,885 - - - 6,766
year-on-year (%) -29.3 -34.9 -2.4 - - - -21.6
Gross Revenue actual (JPY mn) 11 11 17 - - - 40
year-on-year (%) -28.4 -34.0 -0.2 - - - -20.5
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 87.2 91.4 93.3 91.3 85.8 92.1 90.2
year-on-year (points) 1.8 -5.5 -3.0 -4.7 -7.0 2.6 -2.6
ADR actual (JPY) 7,163 9,168 11,289 10,282 10,591 8,805 9,567
year-on-year (%) 46.2 79.0 79.8 35.3 44.2 34.2 51.1
RevPAR actual (JPY) 6,248 8,377 10,530 9,392 9,091 8,108 8,626
year-on-year (%) 49.2 68.7 74.1 28.7 33.3 38.2 46.9
Gross Revenue actual (JPY mn) 14 17 23 20 20 17 114
year-on-year (%) 48.3 73.8 73.5 29.0 33.1 37.4 47.3
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 91.4 91.9 93.9 - - - 92.4
year-on-year (points) 1.7 2.1 0.8 - - - 1.5
ADR actual (JPY) 8,991 8,718 8,875 - - - 8,861
year-on-year (%) 27.2 21.1 24.8 - - - 24.4
RevPAR actual (JPY) 8,217 8,011 8,333 - - - 8,186
year-on-year (%) 29.6 24.0 25.9 - - - 26.5
Gross Revenue actual (JPY mn) 18 18 18 - - - 55
year-on-year (%) 30.7 23.0 25.6 - - - 26.4
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 82.3 91.4 92.7 92.2 86.0 91.8 89.4
year-on-year (points) -9.9 -2.4 -3.9 -1.6 -6.3 0.4 -4.0
ADR actual (JPY) 8,499 10,107 11,649 12,731 10,694 9,949 10,643
year-on-year (%) 18.9 25.8 26.1 12.0 7.4 10.9 16.6
RevPAR actual (JPY) 6,998 9,238 10,795 11,743 9,195 9,135 9,510
year-on-year (%) 6.2 22.6 21.1 10.1 0.1 11.4 11.6
Gross Revenue actual (JPY mn) 12 14 18 19 15 15 95
year-on-year (%) 6.2 26.4 18.7 9.5 -0.7 11.3 11.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 91.6 90.8 91.6 - - - 91.3
year-on-year (points) 0.9 1.4 0.7 - - - 1.0
ADR actual (JPY) 10,069 9,386 10,263 - - - 9,903
year-on-year (%) 14.9 11.4 14.0 - - - 13.4
RevPAR actual (JPY) 9,224 8,521 9,405 - - - 9,046
year-on-year (%) 16.0 13.2 14.8 - - - 14.7
Gross Revenue actual (JPY mn) 15 14 15 - - - 46
year-on-year (%) 15.5 14.3 16.4 - - - 15.4
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 79.6 90.8 91.6 88.8 85.6 89.3 87.6
year-on-year (points) -1.8 3.3 2.2 -1.3 -4.5 -2.2 -0.8
ADR actual (JPY) 5,189 5,118 5,483 5,750 5,498 5,409 5,412
year-on-year (%) 31.7 28.2 24.3 24.0 15.0 19.2 23.1
RevPAR actual (JPY) 4,130 4,647 5,023 5,104 4,705 4,831 4,739
year-on-year (%) 28.8 33.1 27.3 22.2 9.3 16.4 22.0
Gross Revenue actual (JPY mn) 16 17 20 20 19 18 113
year-on-year (%) 29.1 37.2 27.0 21.4 8.5 14.6 22.0
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 91.1 83.5 82.8 - - - 85.9
year-on-year (points) -1.6 -3.7 0.0 - - - -1.8
ADR actual (JPY) 5,329 5,367 5,679 - - - 5,452
year-on-year (%) 15.7 10.4 14.5 - - - 13.5
RevPAR actual (JPY) 4,856 4,484 4,702 - - - 4,680
year-on-year (%) 13.7 5.7 14.5 - - - 11.2
Gross Revenue actual (JPY mn) 19 18 18 - - - 56
year-on-year (%) 13.3 5.8 13.6 - - - 10.9
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 73.9 76.7 82.0 85.7 83.3 79.2 80.2
year-on-year (points) -0.9 1.1 3.8 1.8 -0.8 -2.3 0.4
ADR actual (JPY) 5,195 5,446 5,614 5,797 5,595 5,738 5,572
year-on-year (%) 38.9 34.8 31.9 17.7 12.0 14.9 23.4
RevPAR actual (JPY) 3,840 4,175 4,604 4,970 4,660 4,546 4,466
year-on-year (%) 37.3 36.9 38.3 20.2 10.9 11.7 24.0
Gross Revenue actual (JPY mn) 12 12 15 15 15 14 86
year-on-year (%) 35.7 39.4 36.5 19.1 10.1 11.0 23.5
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 85.3 83.7 82.7 - - - 83.9
year-on-year (points) 1.9 3.0 3.4 - - - 2.8
ADR actual (JPY) 5,564 5,653 5,605 - - - 5,607
year-on-year (%) 17.6 16.7 11.4 - - - 15.3
RevPAR actual (JPY) 4,748 4,732 4,637 - - - 4,706
year-on-year (%) 20.3 21.0 16.2 - - - 19.2
Gross Revenue actual (JPY mn) 15 15 14 - - - 46
year-on-year (%) 20.0 20.1 15.1 - - - 18.4
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 63.3 69.9 84.5 87.5 83.1 78.7 77.9
year-on-year (points) -22.6 -15.2 -3.4 -3.6 3.9 0.7 -6.7
ADR actual (JPY) 8,972 10,901 11,504 8,486 9,029 8,057 9,484
year-on-year (%) 15.9 25.3 11.0 14.5 6.6 5.3 12.9
RevPAR actual (JPY) 5,675 7,624 9,726 7,429 7,504 6,341 7,386
year-on-year (%) -14.6 2.9 6.7 10.0 11.8 6.2 4.0
Gross Revenue actual (JPY mn) 20 25 33 25 26 21 152
year-on-year (%) -13.8 6.8 6.6 10.0 11.6 5.8 4.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 90.4 84.3 77.7 - - - 84.2
year-on-year (points) 12.5 11.7 2.2 - - - 8.9
ADR actual (JPY) 9,586 10,339 9,657 - - - 9,861
year-on-year (%) 7.5 10.8 17.2 - - - 11.7
RevPAR actual (JPY) 8,664 8,711 7,500 - - - 8,300
year-on-year (%) 24.7 28.7 20.7 - - - 24.8
Gross Revenue actual (JPY mn) 30 30 25 - - - 86
year-on-year (%) 24.3 27.7 19.1 - - - 23.9
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 69.3 82.3 86.2 79.1 79.4 73.7 78.3
year-on-year (points) -3.5 2.8 2.9 0.4 5.7 -3.9 0.7
ADR actual (JPY) 13,246 14,229 17,028 18,446 15,814 15,100 15,716
year-on-year (%) 46.1 40.0 25.8 44.0 23.1 18.9 32.0
RevPAR actual (JPY) 9,183 11,707 14,677 14,584 12,557 11,126 12,306
year-on-year (%) 39.0 44.9 30.2 44.7 32.6 12.9 33.2
Gross Revenue actual (JPY mn) 17 20 27 25 23 20 134
year-on-year (%) 33.4 49.0 28.5 41.8 30.7 11.6 31.7
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 78.9 69.4 69.9 - - - 72.8
year-on-year (points) -3.8 -6.6 -1.3 - - - -3.9
ADR actual (JPY) 16,250 16,548 14,612 - - - 15,832
year-on-year (%) 15.1 16.7 20.6 - - - 17.0
RevPAR actual (JPY) 12,819 11,491 10,220 - - - 11,524
year-on-year (%) 9.8 6.6 18.4 - - - 11.0
Gross Revenue actual (JPY mn) 23 21 18 - - - 64
year-on-year (%) 8.7 5.5 19.3 - - - 10.4
    (Note 1) This property was acquired on July 17, 2014.
    (Note 2) The name of this property was changed from "Flexstay Inn Kiyosumi Shirakawa" as of September 9, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 63.3 81.7 85.2 95.4 82.2 83.0 81.7
year-on-year (points) -9.8 -1.6 -3.7 5.2 0.4 -2.6 -2.1
ADR actual (JPY) 5,891 6,136 6,596 6,492 6,467 6,279 6,335
year-on-year (%) 30.6 15.6 10.7 7.5 8.7 11.9 13.2
RevPAR actual (JPY) 3,728 5,013 5,619 6,192 5,317 5,211 5,176
year-on-year (%) 13.1 13.3 6.0 13.8 9.2 8.5 10.4
Gross Revenue actual (JPY mn) 4 5 6 7 6 6 37
year-on-year (%) 16.9 17.7 6.7 14.9 9.5 8.6 11.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 85.4 78.6 83.4 - - - 82.5
year-on-year (points) 0.5 -3.8 -1.1 - - - -1.5
ADR actual (JPY) 6,224 6,257 6,457 - - - 6,311
year-on-year (%) 11.6 9.1 15.5 - - - 12.0
RevPAR actual (JPY) 5,318 4,916 5,386 - - - 5,205
year-on-year (%) 12.2 4.0 13.9 - - - 10.0
Gross Revenue actual (JPY mn) 6 5 6 - - - 18
year-on-year (%) 12.6 4.2 14.8 - - - 10.5
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 68.0 84.0 89.7 95.9 73.3 75.9 81.1
year-on-year (points) -12.8 -4.0 2.2 4.1 -10.1 -17.6 -6.4
ADR actual (JPY) 5,484 6,157 6,555 6,774 6,136 5,978 6,225
year-on-year (%) 20.7 17.5 19.3 13.3 5.5 6.4 14.0
RevPAR actual (JPY) 3,731 5,172 5,883 6,497 4,499 4,538 5,047
year-on-year (%) 1.6 12.2 22.3 18.3 -7.3 -13.6 5.6
Gross Revenue actual (JPY mn) 2 3 4 4 3 3 20
year-on-year (%) 1.6 16.1 22.7 18.3 -7.1 -14.0 6.2
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 85.0 74.3 82.7 - - - 80.7
year-on-year (points) 4.0 -6.9 -0.9 - - - -1.3
ADR actual (JPY) 5,985 5,948 6,377 - - - 6,104
year-on-year (%) 3.9 7.7 14.0 - - - 8.5
RevPAR actual (JPY) 5,090 4,422 5,275 - - - 4,925
year-on-year (%) 9.0 -1.4 12.8 - - - 6.8
Gross Revenue actual (JPY mn) 3 3 3 - - - 10
year-on-year (%) 9.0 -2.5 12.4 - - - 6.3
    (Note 1) This property was acquired on July 17, 2014.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 75.7 73.4 77.8 84.8 93.8 97.3 83.8
year-on-year (points) - - - - - 23.5 -
ADR actual (JPY) 6,549 8,237 9,269 10,211 9,041 8,184 8,613
year-on-year (%) - - - - - 4.0 -
RevPAR actual (JPY) 4,960 6,047 7,213 8,663 8,480 7,962 7,222
year-on-year (%) - - - - - 37.0 -
Gross Revenue actual (JPY mn) 70 80 102 120 121 111 608
year-on-year (%) - - - - - 38.3 -
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 99.0 98.2 98.9 - - - 98.7
year-on-year (points) 13.3 0.5 0.7 - - - 4.9
ADR actual (JPY) 8,223 8,778 9,006 - - - 8,665
year-on-year (%) 5.1 9.2 14.5 - - - 9.5
RevPAR actual (JPY) 8,145 8,620 8,905 - - - 8,553
year-on-year (%) 21.4 9.8 15.3 - - - 15.2
Gross Revenue actual (JPY mn) 117 124 124 - - - 365
year-on-year (%) 22.0 -14.9 15.4 - - - 4.6
    (Note 1) This property was acquired on February 6, 2015.
    (Note 2) This property accepted COVID-19 patients with mild or no symptoms from August 4, 2020 to May 7, 2023. The year-on-year comparisons for each month from January to May 2023, the January-June 2023 total are not disclosed as the consent from the parties concerned has not been obtained.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 50.7 63.0 61.3 74.5 72.8 81.4 67.2
year-on-year (points) -1.8 4.0 -9.3 0.7 -5.1 -7.6 -3.3
ADR actual (JPY) 6,233 6,121 6,045 8,995 9,183 8,990 7,786
year-on-year (%) -1.4 1.5 -0.1 15.6 12.0 14.9 8.8
RevPAR actual (JPY) 3,163 3,855 3,707 6,699 6,684 7,316 5,233
year-on-year (%) -4.7 8.4 -13.3 16.7 4.7 5.1 3.7
Gross Revenue actual (JPY mn) 25 29 30 48 50 52 236
year-on-year (%) -7.3 6.9 -15.0 11.7 2.6 3.5 1.1
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 80.9 89.7 85.6 - - - 85.4
year-on-year (points) -3.6 2.8 6.9 - - - 2.0
ADR actual (JPY) 10,224 12,472 9,747 - - - 10,863
year-on-year (%) 7.0 21.0 18.5 - - - 15.4
RevPAR actual (JPY) 8,275 11,183 8,348 - - - 9,279
year-on-year (%) 2.5 24.9 28.9 - - - 18.2
Gross Revenue actual (JPY mn) 60 79 59 - - - 199
year-on-year (%) 1.1 21.2 23.9 - - - 15.0
    (Note 1) This property was acquired on February 6, 2015.
    (Note 2) The name of this property was changed from "Hotel Nets Hakodate" as of May 1, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 70.5 80.0 78.6 85.5 78.7 77.3 78.4
year-on-year (points) -11.1 2.0 0.3 -3.3 -9.3 -5.8 -4.6
ADR actual (JPY) 6,541 7,147 7,853 7,828 7,455 7,821 7,459
year-on-year (%) 41.4 42.0 29.6 25.7 22.9 31.1 31.2
RevPAR actual (JPY) 4,614 5,718 6,176 6,691 5,866 6,049 5,848
year-on-year (%) 22.2 45.7 30.1 21.0 9.8 22.0 23.9
Gross Revenue actual (JPY mn) 12 14 16 17 15 15 90
year-on-year (%) 22.4 50.5 29.8 20.8 9.9 21.8 24.5
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 82.3 76.6 79.7 - - - 79.5
year-on-year (points) 0.7 -5.6 -4.2 - - - -3.0
ADR actual (JPY) 7,536 7,612 7,857 - - - 7,665
year-on-year (%) 21.6 17.8 19.0 - - - 19.4
RevPAR actual (JPY) 6,204 5,829 6,261 - - - 6,096
year-on-year (%) 22.5 9.7 13.1 - - - 15.0
Gross Revenue actual (JPY mn) 16 15 16 - - - 47
year-on-year (%) 22.5 10.2 13.7 - - - 15.3
    (Note 1) This property was acquired on February 6, 2015.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 92.8 95.2 94.7 94.7 93.6 95.6 94.4
year-on-year (points) 10.9 3.4 -1.1 4.3 -0.7 0.4 2.9
ADR actual (JPY) 10,992 12,238 13,811 13,784 13,084 12,639 12,764
year-on-year (%) -0.6 5.2 9.4 1.5 13.6 8.2 6.1
RevPAR actual (JPY) 10,195 11,651 13,083 13,058 12,242 12,087 12,052
year-on-year (%) 12.7 9.1 8.1 6.3 12.7 8.6 9.4
Gross Revenue actual (JPY mn) 61 64 77 74 72 70 420
year-on-year (%) 9.6 10.7 7.3 4.8 11.5 8.4 8.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 94.8 92.4 93.1 - - - 93.4
year-on-year (points) 1.0 -2.0 2.0 - - - 0.3
ADR actual (JPY) 12,683 12,964 12,427 - - - 12,693
year-on-year (%) 6.7 5.3 4.7 - - - 5.5
RevPAR actual (JPY) 12,020 11,974 11,575 - - - 11,859
year-on-year (%) 7.8 3.1 6.9 - - - 5.9
Gross Revenue actual (JPY mn) 70 71 66 - - - 209
year-on-year (%) 5.7 1.7 4.7 - - - 4.0
    (Note 1) This property was acquired on July 16, 2015.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 78.7 82.8 89.8 92.9 89.2 83.1 86.1
year-on-year (points) 7.4 -5.7 -1.4 0.4 -1.6 -9.4 -1.6
ADR actual (JPY) 6,198 7,399 8,392 8,599 7,880 7,603 7,719
year-on-year (%) 18.6 37.9 40.5 30.7 39.3 36.5 34.2
RevPAR actual (JPY) 4,881 6,129 7,533 7,988 7,031 6,322 6,647
year-on-year (%) 31.0 29.1 38.3 31.3 36.9 22.6 31.7
Gross Revenue actual (JPY mn) 42 49 64 65 60 52 334
year-on-year (%) 28.8 31.3 36.5 29.4 35.4 21.4 30.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 89.6 85.5 88.7 - - - 87.9
year-on-year (points) -3.2 -6.4 -3.8 - - - -4.5
ADR actual (JPY) 7,427 7,469 7,445 - - - 7,447
year-on-year (%) 34.6 35.5 33.4 - - - 34.5
RevPAR actual (JPY) 6,656 6,384 6,607 - - - 6,549
year-on-year (%) 30.0 26.1 27.9 - - - 28.0
Gross Revenue actual (JPY mn) 56 54 55 - - - 166
year-on-year (%) 28.4 24.8 26.8 - - - 26.6
    (Note 1) This property was acquired on July 16, 2015.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 87.1 92.3 93.0 92.0 88.9 93.4 91.1
year-on-year (points) 11.8 8.3 6.4 2.7 2.6 7.1 6.5
ADR actual (JPY) 10,575 12,848 14,867 15,747 13,437 11,951 13,258
year-on-year (%) 47.8 56.8 78.0 48.5 37.5 34.8 49.4
RevPAR actual (JPY) 9,211 11,862 13,823 14,486 11,940 11,163 12,075
year-on-year (%) 71.0 72.2 91.2 53.0 41.6 45.8 60.8
Gross Revenue actual (JPY mn) 28 33 41 42 36 32 216
year-on-year (%) 70.0 76.0 88.8 52.3 41.2 45.5 60.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 93.2 92.2 91.4 - - - 92.3
year-on-year (points) 7.1 5.4 4.0 - - - 5.5
ADR actual (JPY) 12,969 12,234 11,328 - - - 12,192
year-on-year (%) 32.0 36.2 30.5 - - - 33.0
RevPAR actual (JPY) 12,089 11,274 10,355 - - - 11,249
year-on-year (%) 43.0 44.6 36.4 - - - 41.5
Gross Revenue actual (JPY mn) 37 34 30 - - - 102
year-on-year (%) 42.6 44.1 36.3 - - - 41.1
    (Note 1) This property was acquired on July 16, 2015.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 73.9 81.8 88.6 93.1 88.6 87.2 85.5
year-on-year (points) -9.2 -6.7 -0.8 3.7 0.2 -1.7 -2.4
ADR actual (JPY) 6,421 7,574 8,829 8,528 7,995 7,838 7,916
year-on-year (%) 28.9 43.1 40.2 27.6 32.0 32.7 34.5
RevPAR actual (JPY) 4,743 6,192 7,818 7,942 7,087 6,832 6,768
year-on-year (%) 14.6 32.4 38.9 32.9 32.2 30.1 30.8
Gross Revenue actual (JPY mn) 26 32 43 42 39 37 222
year-on-year (%) 14.0 35.6 37.6 31.7 32.1 28.1 30.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 87.0 87.4 87.0 - - - 87.1
year-on-year (points) -3.9 -1.3 -3.6 - - - -3.0
ADR actual (JPY) 8,153 7,570 7,744 - - - 7,823
year-on-year (%) 40.0 30.8 34.1 - - - 35.0
RevPAR actual (JPY) 7,097 6,619 6,735 - - - 6,818
year-on-year (%) 33.9 28.9 28.7 - - - 30.5
Gross Revenue actual (JPY mn) 39 37 36 - - - 114
year-on-year (%) 32.3 28.0 29.0 - - - 29.8
    (Note 1) This property was acquired on July 16, 2015.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 77.5 87.0 82.6 84.4 87.4 81.5 83.3
year-on-year (points) 2.3 1.6 -9.1 -5.0 0.5 -0.9 -1.8
ADR actual (JPY) 6,684 7,279 8,475 7,272 7,590 6,872 7,375
year-on-year (%) 7.7 19.7 14.5 11.9 0.9 7.1 9.7
RevPAR actual (JPY) 5,178 6,336 6,996 6,138 6,630 5,599 6,147
year-on-year (%) 10.9 21.9 3.1 5.7 1.5 5.9 7.4
Gross Revenue actual (JPY mn) 27 30 36 31 34 28 187
year-on-year (%) 9.9 25.4 3.1 2.7 1.4 5.6 7.2
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 82.3 83.3 87.9 - - - 84.4
year-on-year (points) -6.0 -4.9 2.7 - - - -2.8
ADR actual (JPY) 7,840 8,658 8,107 - - - 8,202
year-on-year (%) -0.9 4.2 14.2 - - - 5.3
RevPAR actual (JPY) 6,450 7,209 7,124 - - - 6,926
year-on-year (%) -7.6 -1.6 17.8 - - - 1.9
Gross Revenue actual (JPY mn) 34 37 35 - - - 107
year-on-year (%) -4.2 0.4 17.4 - - - 3.8
    (Note 1) This property was acquired on July 16, 2015.
    (Note 2) The name of this property was changed from "Hotel Vista Shimizu" as of April 1, 2019.
    (Note 1) This property was acquired on July 16, 2015.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 81.7 84.4 86.5 84.9 84.0 80.5 83.7
year-on-year (points) 0.0 -1.0 -6.3 -6.3 -2.1 -3.6 -3.2
ADR actual (JPY) 4,553 4,859 5,778 7,141 5,306 5,085 5,464
year-on-year (%) 21.1 29.1 36.4 18.2 14.0 15.7 21.5
RevPAR actual (JPY) 3,720 4,101 5,001 6,064 4,458 4,093 4,572
year-on-year (%) 21.1 27.6 27.2 10.0 11.2 10.8 17.0
Gross Revenue actual (JPY mn) 10 10 13 16 12 11 75
year-on-year (%) 19.3 29.8 26.6 8.6 10.8 10.0 16.5
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 83.0 82.6 83.3 - - - 82.9
year-on-year (points) -3.3 -3.5 -1.7 - - - -2.9
ADR actual (JPY) 5,130 5,158 5,374 - - - 5,219
year-on-year (%) 16.2 10.2 21.1 - - - 15.6
RevPAR actual (JPY) 4,258 4,260 4,474 - - - 4,329
year-on-year (%) 11.7 5.7 18.6 - - - 11.8
Gross Revenue actual (JPY mn) 11 11 12 - - - 36
year-on-year (%) 11.4 4.5 18.6 - - - 11.2
    (Note 1) This property was acquired on July 16, 2015.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 85.3 84.1 89.0 86.9 87.5 82.2 85.9
year-on-year (points) 8.5 -7.3 -3.9 -2.1 2.1 -4.9 -1.1
ADR actual (JPY) 7,514 8,222 8,514 9,461 9,816 8,413 8,667
year-on-year (%) 0.5 12.5 2.2 16.3 -0.7 14.9 7.0
RevPAR actual (JPY) 6,413 6,917 7,576 8,224 8,585 6,912 7,442
year-on-year (%) 11.7 3.5 -2.1 13.6 1.6 8.5 5.6
Gross Revenue actual (JPY mn) 48 49 60 61 65 51 337
year-on-year (%) 20.2 10.4 20.1 36.8 26.2 11.4 21.0
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 89.0 91.7 83.8 - - - 88.2
year-on-year (points) -0.4 0.8 -3.0 - - - -0.8
ADR actual (JPY) 8,747 10,455 10,319 - - - 9,833
year-on-year (%) 11.1 14.4 8.4 - - - 11.3
RevPAR actual (JPY) 7,782 9,586 8,644 - - - 8,671
year-on-year (%) 10.6 15.4 4.7 - - - 10.3
Gross Revenue actual (JPY mn) 56 57 62 - - - 175
year-on-year (%) 13.6 19.6 14.4 - - - 15.8
    (Note 1) This property was acquired on July 16, 2015.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 77.0 83.9 83.6 86.6 81.5 81.6 82.3
year-on-year (points) 3.3 -0.5 -4.1 -2.2 -4.5 3.1 -0.8
ADR actual (JPY) 5,062 5,669 5,799 6,257 6,540 6,069 5,909
year-on-year (%) 9.4 14.4 18.5 19.4 14.7 5.1 13.5
RevPAR actual (JPY) 3,898 4,759 4,846 5,416 5,327 4,953 4,864
year-on-year (%) 14.3 13.7 12.9 16.4 8.7 9.2 12.4
Gross Revenue actual (JPY mn) 7 8 9 10 10 9 57
year-on-year (%) 14.1 17.2 12.5 16.0 9.1 9.4 12.8
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 87.0 86.4 81.6 - - - 85.0
year-on-year (points) 8.0 5.0 3.6 - - - 5.6
ADR actual (JPY) 5,966 6,448 6,461 - - - 6,286
year-on-year (%) 3.6 11.6 11.8 - - - 8.9
RevPAR actual (JPY) 5,193 5,571 5,269 - - - 5,345
year-on-year (%) 14.1 18.5 17.0 - - - 16.5
Gross Revenue actual (JPY mn) 10 11 10 - - - 32
year-on-year (%) 13.8 19.2 17.1 - - - 16.7
    (Note 1) This property was acquired on July 16, 2015.
    (Note 1) This property was acquired on July 16, 2015.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 82.2 89.4 87.8 90.8 89.3 89.0 88.0
year-on-year (points) 13.6 2.2 -1.9 -2.6 1.8 4.0 2.9
ADR actual (JPY) 4,515 5,207 5,905 5,868 5,519 5,216 5,383
year-on-year (%) -0.7 4.1 9.4 16.3 7.5 6.0 7.0
RevPAR actual (JPY) 3,709 4,654 5,186 5,328 4,927 4,641 4,739
year-on-year (%) 19.0 6.6 7.0 13.0 9.7 11.0 10.7
Gross Revenue actual (JPY mn) 7 8 10 10 9 8 54
year-on-year (%) 22.2 13.7 6.4 13.6 9.6 9.7 11.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 85.2 82.8 87.7 - - - 85.2
year-on-year (points) 5.4 10.2 15.4 - - - 10.3
ADR actual (JPY) 5,491 5,491 5,232 - - - 5,404
year-on-year (%) 7.6 2.2 -0.9 - - - 3.0
RevPAR actual (JPY) 4,677 4,548 4,588 - - - 4,604
year-on-year (%) 14.9 16.6 20.2 - - - 17.2
Gross Revenue actual (JPY mn) 9 8 8 - - - 26
year-on-year (%) 14.5 16.2 19.8 - - - 16.7
    (Note 1) This property was acquired on July 16, 2015.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 78.6 88.9 87.1 90.8 90.3 85.1 86.8
year-on-year (points) 13.4 16.7 10.9 4.2 3.5 7.7 9.3
ADR actual (JPY) 5,756 5,961 5,997 6,202 5,970 6,061 5,995
year-on-year (%) 17.2 13.2 20.4 13.0 6.9 12.9 13.4
RevPAR actual (JPY) 4,525 5,301 5,226 5,632 5,391 5,156 5,202
year-on-year (%) 41.3 39.4 37.6 18.6 11.2 24.1 27.1
Gross Revenue actual (JPY mn) 29 32 34 35 35 32 201
year-on-year (%) 40.6 44.0 37.7 17.9 9.5 23.9 27.1
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 85.2 77.7 73.4 - - - 78.8
year-on-year (points) 6.5 2.6 0.7 - - - 3.3
ADR actual (JPY) 6,129 6,231 6,355 - - - 6,232
year-on-year (%) 13.9 11.4 14.6 - - - 13.2
RevPAR actual (JPY) 5,220 4,843 4,666 - - - 4,912
year-on-year (%) 23.3 15.3 15.7 - - - 18.2
Gross Revenue actual (JPY mn) 34 32 29 - - - 96
year-on-year (%) 22.9 15.5 15.5 - - - 18.0
    (Note 1) This property was acquired on August 28, 2015.
    (Note 1) This property was acquired on August 28, 2015.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
    (Note 1) This property was acquired on August 28, 2015.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 68.6 73.3 90.2 88.3 90.0 92.3 83.8
year-on-year (points) -4.4 -5.1 2.9 9.0 6.6 0.0 1.5
ADR actual (JPY) 11,771 13,965 14,701 15,635 14,116 11,833 13,725
year-on-year (%) 10.4 9.8 3.8 -1.4 3.6 7.9 5.6
RevPAR actual (JPY) 8,072 10,238 13,260 13,811 12,708 10,920 11,506
year-on-year (%) 3.8 2.7 7.2 9.7 11.8 7.9 7.5
Gross Revenue actual (JPY mn) 14 17 23 23 22 18 120
year-on-year (%) 2.7 5.5 7.5 8.8 11.0 7.3 7.5
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 94.7 92.7 93.8 - - - 93.7
year-on-year (points) 9.1 5.3 12.6 - - - 9.0
ADR actual (JPY) 13,157 12,702 13,049 - - - 12,970
year-on-year (%) 4.7 -3.7 10.0 - - - 3.3
RevPAR actual (JPY) 12,465 11,777 12,235 - - - 12,158
year-on-year (%) 15.8 2.2 27.0 - - - 14.2
Gross Revenue actual (JPY mn) 22 21 21 - - - 64
year-on-year (%) 13.9 2.0 24.8 - - - 12.8
    (Note 1) This property was acquired on January 22, 2016.
    (Note 1) This property was acquired on January 22, 2016.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
    (Note 1) This property was acquired on January 22, 2016.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
    (Note 1) This property was acquired on January 22, 2016.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
    (Note 1) This property was acquired on January 22, 2016.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 89.4 93.5 94.1 91.5 90.1 92.2 91.8
year-on-year (points) 10.8 6.0 -0.1 -0.8 -1.3 1.4 2.6
ADR actual (JPY) 11,547 13,607 16,684 17,111 14,548 13,641 14,541
year-on-year (%) 8.5 17.3 20.5 22.0 16.5 17.9 17.0
RevPAR actual (JPY) 10,324 12,723 15,704 15,661 13,105 12,572 13,347
year-on-year (%) 23.3 25.2 20.4 21.0 14.9 19.8 20.5
Gross Revenue actual (JPY mn) 138 157 205 196 172 161 1,031
year-on-year (%) 22.5 27.5 18.3 19.7 15.0 18.3 19.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 91.9 91.6 91.9 - - - 91.8
year-on-year (points) -1.2 0.0 -1.3 - - - -0.8
ADR actual (JPY) 13,873 13,048 13,735 - - - 13,550
year-on-year (%) 16.1 11.4 14.0 - - - 13.9
RevPAR actual (JPY) 12,752 11,957 12,622 - - - 12,442
year-on-year (%) 14.6 11.4 12.4 - - - 12.8
Gross Revenue actual (JPY mn) 170 157 160 - - - 489
year-on-year (%) 16.3 10.9 12.5 - - - 13.2
    (Note 1) INV acquired the entire portion of the Main Building and a portion of the Annex Building on March 31, 2016, and additionally acquired additional floors of the Annex Building after conversion from office space on October 31, 2017
    (Note 2) The number of rooms in this property has increased due to conversion from a locker room in Main Building (1 room) as well asconversion from an office space in Annex Building (49 rooms) on October 16, 2017
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 64.2 76.7 98.3 85.4 84.3 81.7 81.8
year-on-year (points) 1.4 2.9 1.4 -1.1 3.6 1.0 1.5
ADR actual (JPY) 27,390 21,737 25,727 26,528 28,002 23,365 25,502
year-on-year (%) 2.6 8.5 3.0 8.5 -8.0 8.2 2.9
RevPAR actual (JPY) 17,597 16,676 25,280 22,660 23,608 19,099 20,865
year-on-year (%) 4.9 12.8 4.5 7.1 -4.0 9.5 4.8
Gross Revenue actual (JPY mn) 426 389 586 519 557 501 2,982
year-on-year (%) 6.7 7.7 3.9 2.8 1.0 7.7 4.7
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 93.1 99.6 98.2 - - - 97.0
year-on-year (points) -3.5 -0.4 -0.1 - - - -1.4
ADR actual (JPY) 34,268 59,549 28,216 - - - 41,023
year-on-year (%) 5.7 12.0 7.8 - - - 9.5
RevPAR actual (JPY) 31,893 59,338 27,712 - - - 39,778
year-on-year (%) 1.9 11.7 7.7 - - - 8.0
Gross Revenue actual (JPY mn) 663 1,005 626 - - - 2,295
year-on-year (%) 2.3 11.7 7.0 - - - 7.5
    (Note 1) This property was acquired on March 31, 2016.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 83.2 89.7 91.9 84.3 89.0 91.3 88.2
year-on-year (points) 8.9 0.4 0.0 -0.7 6.2 8.7 4.0
ADR actual (JPY) 10,224 13,356 12,646 11,310 11,852 11,639 11,853
year-on-year (%) 12.6 19.1 15.9 21.6 8.6 13.9 15.0
RevPAR actual (JPY) 8,510 11,981 11,618 9,533 10,554 10,624 10,457
year-on-year (%) 26.0 19.6 15.9 20.6 16.7 25.9 20.5
Gross Revenue actual (JPY mn) 60 78 81 65 73 72 431
year-on-year (%) 25.5 23.6 15.1 20.2 15.5 24.4 20.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 90.0 89.0 94.3 - - - 91.0
year-on-year (points) 2.6 1.4 7.4 - - - 3.8
ADR actual (JPY) 13,483 12,925 13,430 - - - 13,281
year-on-year (%) 21.2 12.7 35.8 - - - 22.5
RevPAR actual (JPY) 12,128 11,505 12,658 - - - 12,091
year-on-year (%) 24.8 14.5 47.3 - - - 27.8
Gross Revenue actual (JPY mn) 85 80 85 - - - 251
year-on-year (%) 25.2 14.5 45.8 - - - 27.5
    (Note 1) This property was acquired on March 31, 2016.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 92.5 95.8 96.3 96.6 97.2 95.9 95.7
year-on-year (points) -0.4 0.8 -0.8 -0.2 0.5 -0.5 -0.1
ADR actual (JPY) 11,927 14,145 17,771 17,357 14,795 14,790 15,155
year-on-year (%) 24.9 25.4 28.2 17.1 15.1 19.4 21.3
RevPAR actual (JPY) 11,030 13,551 17,121 16,762 14,377 14,184 14,504
year-on-year (%) 24.3 26.4 27.2 16.9 15.6 18.7 21.2
Gross Revenue actual (JPY mn) 36 41 56 53 47 44 280
year-on-year (%) 23.8 30.9 27.9 17.2 15.2 18.1 21.8
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 92.4 92.4 91.5 - - - 92.1
year-on-year (points) -1.5 -2.2 -1.7 - - - -1.8
ADR actual (JPY) 15,037 14,314 14,891 - - - 14,745
year-on-year (%) 16.5 23.3 20.3 - - - 19.9
RevPAR actual (JPY) 13,891 13,227 13,620 - - - 13,579
year-on-year (%) 14.7 20.4 18.1 - - - 17.7
Gross Revenue actual (JPY mn) 45 43 43 - - - 132
year-on-year (%) 15.0 20.6 17.1 - - - 17.5
    (Note 1) This property was acquired on March 31, 2016.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 83.1 74.0 81.8 79.6 78.5 75.8 78.8
year-on-year (points) 26.6 1.1 3.0 4.9 7.5 8.0 8.7
ADR actual (JPY) 9,687 12,597 14,976 15,432 13,796 10,044 12,766
year-on-year (%) 31.6 50.5 29.1 46.4 -10.4 15.4 21.5
RevPAR actual (JPY) 8,048 9,318 12,248 12,278 10,823 7,610 10,063
year-on-year (%) 93.6 52.9 34.1 56.1 -0.9 29.1 36.6
Gross Revenue actual (JPY mn) 79 84 113 114 103 75 571
year-on-year (%) 73.9 48.5 29.7 50.7 1.9 25.7 33.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 80.9 84.5 75.7 - - - 80.4
year-on-year (points) 6.8 6.8 0.4 - - - 4.7
ADR actual (JPY) 11,206 14,256 11,482 - - - 12,371
year-on-year (%) 18.4 7.8 5.3 - - - 10.2
RevPAR actual (JPY) 9,061 12,051 8,693 - - - 9,948
year-on-year (%) 29.3 17.2 5.8 - - - 17.0
Gross Revenue actual (JPY mn) 89 115 82 - - - 288
year-on-year (%) 24.5 14.9 6.3 - - - 15.0
    (Note 1) This property was acquired on June 15, 2016.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 71.6 83.6 84.4 84.9 85.3 86.4 82.7
year-on-year (points) 9.8 0.2 -8.1 -4.9 -2.3 -1.0 -1.4
ADR actual (JPY) 7,117 7,833 8,791 9,086 9,070 7,994 8,351
year-on-year (%) -1.7 -2.4 1.7 20.1 9.1 10.3 5.9
RevPAR actual (JPY) 5,097 6,552 7,416 7,713 7,737 6,906 6,903
year-on-year (%) 13.8 -2.1 -7.3 13.6 6.2 9.1 4.1
Gross Revenue actual (JPY mn) 43 50 59 60 62 56 331
year-on-year (%) 38.3 13.4 1.3 17.1 7.9 9.2 12.5
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 89.8 85.6 90.5 - - - 88.6
year-on-year (points) 2.2 -4.5 4.0 - - - 0.5
ADR actual (JPY) 8,386 10,328 8,867 - - - 9,179
year-on-year (%) 8.8 6.3 6.4 - - - 6.7
RevPAR actual (JPY) 7,531 8,845 8,024 - - - 8,134
year-on-year (%) 11.5 1.1 11.3 - - - 7.4
Gross Revenue actual (JPY mn) 59 68 61 - - - 189
year-on-year (%) 7.6 2.0 12.6 - - - 7.0
    (Note 1) This property was acquired on June 15, 2016.
    (Note 2) Their leases had only fixed rent until April 2023. The figures for each month from January to April, the January-June 2023 total are not disclosed as the consent from the operator concerned has not been obtained.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 93.8 94.8 94.2 95.1 93.4 93.9 94.2
year-on-year (points) 6.5 2.1 -1.2 1.3 -0.1 1.0 1.6
ADR actual (JPY) 21,557 24,257 32,131 29,422 26,152 26,248 26,647
year-on-year (%) 37.5 50.7 51.8 12.6 21.5 29.9 31.7
RevPAR actual (JPY) 20,213 23,002 30,265 27,984 24,437 24,651 25,102
year-on-year (%) 47.7 54.0 50.0 14.2 21.3 31.3 34.0
Gross Revenue actual (JPY mn) 83 87 119 109 98 95 593
year-on-year (%) 44.6 54.6 46.0 13.7 20.6 28.4 32.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 95.0 92.7 88.6 - - - 92.1
year-on-year (points) 4.2 -2.0 -2.4 - - - 0.0
ADR actual (JPY) 27,875 25,858 23,892 - - - 25,942
year-on-year (%) 22.9 22.0 20.4 - - - 22.1
RevPAR actual (JPY) 26,473 23,968 21,165 - - - 23,898
year-on-year (%) 28.5 19.5 17.2 - - - 22.0
Gross Revenue actual (JPY mn) 105 97 83 - - - 285
year-on-year (%) 26.3 18.6 16.2 - - - 20.6
    (Note 1) This property was acquired on May 29, 2017.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 63.9 80.7 88.8 87.2 81.9 82.1 80.7
year-on-year (points) 6.3 9.7 5.7 12.9 9.8 13.4 9.6
ADR actual (JPY) 6,865 7,832 8,740 9,322 8,363 6,606 8,023
year-on-year (%) -0.3 0.6 2.4 6.1 -1.2 -5.0 0.7
RevPAR actual (JPY) 4,385 6,320 7,761 8,130 6,846 5,425 6,476
year-on-year (%) 10.6 14.4 9.5 24.5 12.3 13.5 14.3
Gross Revenue actual (JPY mn) 94 112 129 141 132 111 722
year-on-year (%) 21.6 16.9 4.7 24.9 18.8 17.8 17.0
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 83.9 83.5 85.0 - - - 84.1
year-on-year (points) 12.9 5.9 11.0 - - - 9.9
ADR actual (JPY) 7,660 8,010 8,462 - - - 8,042
year-on-year (%) 7.3 12.0 15.1 - - - 11.5
RevPAR actual (JPY) 6,424 6,688 7,194 - - - 6,764
year-on-year (%) 26.7 20.5 32.2 - - - 26.4
Gross Revenue actual (JPY mn) 127 116 127 - - - 371
year-on-year (%) 25.3 9.6 17.2 - - - 17.3
    (Note 1) This property was acquired on October 13, 2017.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 83.7 85.6 89.7 90.4 87.7 87.0 87.3
year-on-year (points) 13.5 1.4 -1.6 4.4 -1.0 1.9 3.1
ADR actual (JPY) 13,630 15,581 20,211 19,815 18,394 16,918 17,495
year-on-year (%) 32.7 38.7 35.3 12.3 32.2 28.0 27.9
RevPAR actual (JPY) 11,403 13,340 18,131 17,907 16,126 14,715 15,280
year-on-year (%) 58.1 41.0 33.0 18.0 30.7 30.9 32.6
Gross Revenue actual (JPY mn) 93 100 141 137 128 115 717
year-on-year (%) 49.1 39.9 30.3 17.0 27.7 27.6 29.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 91.2 88.1 85.6 - - - 88.3
year-on-year (points) 2.0 -2.0 4.1 - - - 1.3
ADR actual (JPY) 17,423 17,366 15,298 - - - 16,732
year-on-year (%) 18.8 13.4 14.2 - - - 15.4
RevPAR actual (JPY) 15,887 15,299 13,096 - - - 14,779
year-on-year (%) 21.4 10.9 19.9 - - - 17.1
Gross Revenue actual (JPY mn) 126 122 103 - - - 353
year-on-year (%) 19.8 10.2 17.8 - - - 15.7
    (Note 1) This property was acquired on October 13, 2017.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 84.1 86.7 88.8 85.3 83.2 83.2 85.2
year-on-year (points) 14.5 3.7 -0.9 5.7 1.2 -1.0 3.9
ADR actual (JPY) 13,838 16,004 16,681 13,111 14,708 10,134 14,122
year-on-year (%) 7.1 32.0 11.2 3.4 -2.2 1.2 8.5
RevPAR actual (JPY) 11,636 13,872 14,806 11,185 12,231 8,427 12,030
year-on-year (%) 29.4 38.0 10.1 10.9 -0.8 0.0 13.7
Gross Revenue actual (JPY mn) 198 204 240 175 191 143 1,153
year-on-year (%) 38.7 41.5 13.9 12.3 -0.7 0.2 16.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 82.1 77.9 74.7 - - - 78.3
year-on-year (points) -2.2 -6.9 -2.1 - - - -3.7
ADR actual (JPY) 12,959 19,459 13,530 - - - 15,316
year-on-year (%) 4.9 22.6 16.9 - - - 14.8
RevPAR actual (JPY) 10,641 15,157 10,111 - - - 11,990
year-on-year (%) 2.2 12.7 13.7 - - - 9.6
Gross Revenue actual (JPY mn) 169 234 159 - - - 563
year-on-year (%) -0.9 15.0 12.6 - - - 9.1
    (Note 1) This property was acquired on October 13, 2017.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 85.2 89.5 73.0 63.8 63.0 88.9 77.1
year-on-year (points) 22.6 0.9 -8.0 -7.3 -15.2 1.9 -0.8
ADR actual (JPY) 8,884 16,662 8,536 7,796 9,938 13,059 11,057
year-on-year (%) 14.3 32.2 3.7 -0.2 -2.6 16.0 13.1
RevPAR actual (JPY) 7,573 14,905 6,235 4,971 6,266 11,604 8,526
year-on-year (%) 55.5 33.5 -6.5 -10.5 -21.6 18.6 12.0
Gross Revenue actual (JPY mn) 59 107 49 38 49 86 391
year-on-year (%) 53.5 37.4 -6.7 -11.7 -21.1 17.0 11.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 94.4 92.5 95.0 - - - 94.0
year-on-year (points) 1.7 0.5 7.4 - - - 3.2
ADR actual (JPY) 15,938 16,766 13,012 - - - 15,248
year-on-year (%) 0.3 -1.7 0.1 - - - -0.8
RevPAR actual (JPY) 15,052 15,510 12,356 - - - 14,327
year-on-year (%) 2.2 -1.2 8.6 - - - 2.6
Gross Revenue actual (JPY mn) 116 120 93 - - - 331
year-on-year (%) 2.1 -1.3 8.1 - - - 2.4
    (Note 1) This property was acquired on October 13, 2017.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 82.0 88.2 93.5 90.6 91.3 93.0 89.8
year-on-year (points) 2.6 0.0 1.1 4.8 0.5 1.7 1.8
ADR actual (JPY) 7,882 9,971 12,523 12,423 11,889 9,724 10,797
year-on-year (%) -6.4 2.0 9.2 4.4 5.5 -4.4 2.4
RevPAR actual (JPY) 6,463 8,796 11,715 11,256 10,853 9,040 9,692
year-on-year (%) -3.4 2.0 10.5 10.2 6.0 -2.7 4.4
Gross Revenue actual (JPY mn) 34 43 61 57 56 46 299
year-on-year (%) -3.7 5.7 10.8 10.5 6.2 -2.2 5.2
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 94.3 95.7 93.3 - - - 94.5
year-on-year (points) 4.6 5.5 7.6 - - - 5.9
ADR actual (JPY) 10,051 11,685 10,566 - - - 10,775
year-on-year (%) -1.0 5.1 -4.4 - - - 0.0
RevPAR actual (JPY) 9,483 11,182 9,857 - - - 10,178
year-on-year (%) 4.1 11.4 4.1 - - - 6.7
Gross Revenue actual (JPY mn) 49 58 50 - - - 158
year-on-year (%) 4.0 11.0 4.2 - - - 6.5
    (Note 1) This property was acquired on February 7, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 48.5 63.3 64.2 79.5 71.3 71.6 66.3
year-on-year (points) 3.4 0.5 -16.7 3.4 -2.0 0.0 -2.0
ADR actual (JPY) 7,051 7,360 8,047 11,316 8,562 7,440 8,450
year-on-year (%) -1.1 6.6 8.8 26.3 4.7 4.9 10.1
RevPAR actual (JPY) 3,421 4,658 5,163 8,992 6,108 5,328 5,605
year-on-year (%) 6.3 7.5 -13.7 32.0 1.8 4.9 6.9
Gross Revenue actual (JPY mn) 33 43 54 83 55 60 331
year-on-year (%) 1.9 21.0 -4.9 28.8 -11.2 20.2 8.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 73.5 83.2 75.7 - - - 77.5
year-on-year (points) -0.5 5.1 4.8 - - - 3.1
ADR actual (JPY) 8,007 11,315 8,283 - - - 9,292
year-on-year (%) 7.0 19.2 12.9 - - - 14.0
RevPAR actual (JPY) 5,886 9,411 6,268 - - - 7,198
year-on-year (%) 6.3 27.0 20.5 - - - 18.8
Gross Revenue actual (JPY mn) 61 88 56 - - - 205
year-on-year (%) 4.2 23.2 -1.5 - - - 9.7
    (Note 1) This property was acquired on February 7, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 64.6 76.7 77.7 83.5 66.1 74.6 73.8
year-on-year (points) 5.9 11.6 -0.8 0.0 -9.2 -13.5 -1.1
ADR actual (JPY) 8,535 10,934 9,382 28,233 16,882 12,491 14,692
year-on-year (%) -7.3 -4.1 -6.4 40.7 13.3 4.2 11.5
RevPAR actual (JPY) 5,510 8,382 7,291 23,562 11,164 9,315 10,837
year-on-year (%) 2.1 13.1 -7.4 40.7 -0.6 -11.7 9.8
Gross Revenue actual (JPY mn) 69 81 94 166 112 97 622
year-on-year (%) 25.2 42.9 26.3 34.5 -4.2 9.8 20.2
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 73.0 84.3 85.2 - - - 80.8
year-on-year (points) -10.8 -0.7 0.5 - - - -3.7
ADR actual (JPY) 12,676 25,575 13,240 - - - 17,404
year-on-year (%) -2.6 19.6 6.4 - - - 11.1
RevPAR actual (JPY) 9,249 21,548 11,284 - - - 14,057
year-on-year (%) -15.2 18.5 7.1 - - - 6.2
Gross Revenue actual (JPY mn) 95 155 99 - - - 349
year-on-year (%) -4.9 23.0 2.7 - - - 8.3
    (Note 1) This property was acquired on February 7, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 88.7 92.5 95.2 87.1 87.9 90.3 90.3
year-on-year (points) - - - 4.1 4.1 11.2 -
ADR actual (JPY) 6,849 8,618 7,701 7,000 7,896 7,341 7,570
year-on-year (%) - - - -4.0 -11.7 -0.5 -
RevPAR actual (JPY) 6,072 7,969 7,333 6,096 6,937 6,629 6,832
year-on-year (%) - - - 0.7 -7.4 13.7 -
Gross Revenue actual (JPY mn) 29 36 35 29 34 31 196
year-on-year (%) - - - 3.7 -4.4 15.1 -
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 88.6 91.7 90.6 - - - 90.3
year-on-year (points) 10.5 -0.9 3.9 - - - 4.5
ADR actual (JPY) 7,530 9,562 8,024 - - - 8,387
year-on-year (%) -4.1 28.5 18.7 - - - 14.3
RevPAR actual (JPY) 6,669 8,764 7,270 - - - 7,571
year-on-year (%) 8.8 27.2 24.1 - - - 20.2
Gross Revenue actual (JPY mn) 32 42 34 - - - 110
year-on-year (%) 10.8 28.2 26.7 - - - 22.0
    (Note 1) This property was acquired on February 7, 2018.
    (Note 2) This property accepted COVID-19 patients with mild or no symptoms from January 16, 2022 to March 31, 2023. The year-on-year comparisons for each month from January to March 2023, the January-June 2023 total are not disclosed as the consent from the parties concerned has not been obtained.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 91.4 94.3 94.5 91.3 88.6 92.3 92.1
year-on-year (points) 8.3 5.2 2.8 -0.3 -1.3 -1.4 2.2
ADR actual (JPY) 10,307 12,560 16,076 16,615 13,804 12,060 13,578
year-on-year (%) 13.2 21.5 33.3 23.4 17.0 12.6 20.3
RevPAR actual (JPY) 9,419 11,847 15,194 15,170 12,233 11,132 12,499
year-on-year (%) 24.5 28.7 37.4 23.0 15.4 11.0 23.3
Gross Revenue actual (JPY mn) 32 37 52 50 41 36 252
year-on-year (%) 25.2 32.4 37.3 22.7 14.9 10.6 23.7
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 90.8 89.6 92.3 - - - 90.9
year-on-year (points) -2.7 -0.6 -0.5 - - - -1.3
ADR actual (JPY) 12,394 11,100 12,505 - - - 12,001
year-on-year (%) 20.5 5.9 13.6 - - - 13.4
RevPAR actual (JPY) 11,253 9,944 11,546 - - - 10,908
year-on-year (%) 17.1 5.2 13.0 - - - 11.8
Gross Revenue actual (JPY mn) 38 34 38 - - - 111
year-on-year (%) 16.8 6.7 13.7 - - - 12.4
    (Note 1) This property was acquired on June 27, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 87.3 90.5 92.0 87.5 87.5 91.0 89.3
year-on-year (points) 0.0 0.6 3.3 -1.3 -2.2 -2.1 -0.3
ADR actual (JPY) 9,181 11,836 13,964 13,404 11,988 11,055 11,914
year-on-year (%) 7.2 7.9 19.2 18.1 14.8 18.5 14.8
RevPAR actual (JPY) 8,018 10,709 12,847 11,724 10,486 10,059 10,637
year-on-year (%) 7.3 8.6 23.6 16.4 12.0 15.9 14.4
Gross Revenue actual (JPY mn) 32 39 51 44 41 38 246
year-on-year (%) 7.2 12.4 25.5 15.4 13.1 15.1 15.2
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 90.4 92.9 89.2 - - - 90.9
year-on-year (points) 0.5 0.1 -0.9 - - - -0.1
ADR actual (JPY) 11,435 12,398 12,644 - - - 12,154
year-on-year (%) 13.7 11.4 18.8 - - - 14.5
RevPAR actual (JPY) 10,338 11,522 11,282 - - - 11,045
year-on-year (%) 14.4 11.4 17.6 - - - 14.4
Gross Revenue actual (JPY mn) 40 45 43 - - - 129
year-on-year (%) 14.4 10.7 17.6 - - - 14.1
    (Note 1) This property was acquired on June 27, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 84.0 90.3 90.0 90.6 91.0 90.9 89.5
year-on-year (points) 11.8 6.5 -0.1 -0.2 1.5 1.8 3.5
ADR actual (JPY) 13,077 16,161 23,169 22,648 19,225 17,264 18,667
year-on-year (%) 25.8 39.8 53.1 31.8 29.4 31.7 34.6
RevPAR actual (JPY) 10,988 14,596 20,852 20,529 17,488 15,700 16,699
year-on-year (%) 46.4 50.6 52.9 31.5 31.7 34.4 40.1
Gross Revenue actual (JPY mn) 122 149 225 216 192 167 1,073
year-on-year (%) 46.3 54.2 51.8 31.3 32.0 33.9 40.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 90.4 90.4 90.2 - - - 90.3
year-on-year (points) 2.3 -0.5 -2.2 - - - -0.1
ADR actual (JPY) 17,371 15,891 18,068 - - - 17,099
year-on-year (%) 33.4 24.5 30.0 - - - 29.3
RevPAR actual (JPY) 15,708 14,360 16,294 - - - 15,445
year-on-year (%) 36.9 23.9 26.9 - - - 29.2
Gross Revenue actual (JPY mn) 173 159 173 - - - 506
year-on-year (%) 36.3 23.0 25.9 - - - 28.3
    (Note 1) This property was acquired on August 2, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 72.2 86.3 69.1 50.5 47.1 72.6 66.1
year-on-year (points) 14.1 2.2 -6.6 -9.4 -14.3 -4.2 -3.0
ADR actual (JPY) 9,644 16,359 9,790 9,204 12,444 15,122 12,342
year-on-year (%) 7.4 15.1 10.1 12.9 -0.3 12.0 10.3
RevPAR actual (JPY) 6,967 14,118 6,763 4,645 5,856 10,974 8,160
year-on-year (%) 33.4 18.2 0.5 -4.8 -23.5 5.8 5.5
Gross Revenue actual (JPY mn) 139 218 132 96 113 187 887
year-on-year (%) 29.8 19.3 -2.3 -3.3 -20.2 5.3 4.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 78.8 82.4 86.0 - - - 82.4
year-on-year (points) -4.4 1.8 7.4 - - - 1.6
ADR actual (JPY) 18,997 19,670 14,432 - - - 17,670
year-on-year (%) -4.9 -9.8 -3.0 - - - -6.9
RevPAR actual (JPY) 14,973 16,216 12,413 - - - 14,557
year-on-year (%) -9.9 -7.8 6.1 - - - -5.1
Gross Revenue actual (JPY mn) 258 278 207 - - - 743
year-on-year (%) -5.8 -3.9 5.4 - - - -2.2
    (Note 1) This property was acquired on August 2, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 87.0 90.5 92.6 91.1 90.1 90.9 90.4
year-on-year (points) 0.1 1.2 0.7 -3.2 -0.4 3.2 0.3
ADR actual (JPY) 9,154 11,060 14,417 14,850 11,653 11,583 12,151
year-on-year (%) 33.1 46.4 33.3 56.7 18.2 21.0 34.0
RevPAR actual (JPY) 7,967 10,005 13,350 13,530 10,495 10,530 10,979
year-on-year (%) 33.3 48.5 34.3 51.5 17.7 25.4 34.4
Gross Revenue actual (JPY mn) 39 45 64 63 51 49 312
year-on-year (%) 37.0 55.5 37.2 53.1 21.1 26.1 37.5
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 91.3 91.2 93.1 - - - 91.8
year-on-year (points) 3.1 0.9 3.2 - - - 2.4
ADR actual (JPY) 12,288 11,807 11,569 - - - 11,889
year-on-year (%) 29.1 26.9 26.7 - - - 27.6
RevPAR actual (JPY) 11,215 10,766 10,770 - - - 10,919
year-on-year (%) 33.6 28.2 31.3 - - - 31.0
Gross Revenue actual (JPY mn) 53 51 49 - - - 155
year-on-year (%) 34.3 28.4 30.7 - - - 31.1
    (Note 1) This property was acquired on August 2, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 54.8 71.4 83.8 86.3 86.5 91.3 79.0
year-on-year (points) -11.2 -1.1 0.7 11.6 20.3 16.4 6.1
ADR actual (JPY) 10,296 11,359 12,986 13,055 11,980 10,400 11,766
year-on-year (%) 15.8 4.6 4.4 6.7 -5.8 5.4 4.9
RevPAR actual (JPY) 5,646 8,106 10,884 11,262 10,359 9,494 9,293
year-on-year (%) -3.8 3.0 5.2 23.2 23.0 28.5 13.7
Gross Revenue actual (JPY mn) 19 26 37 37 35 31 188
year-on-year (%) -4.4 5.9 5.0 22.2 21.9 26.9 13.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 88.4 80.6 88.1 - - - 85.7
year-on-year (points) 16.8 11.7 14.2 - - - 14.3
ADR actual (JPY) 12,056 12,134 11,590 - - - 11,924
year-on-year (%) 16.3 5.0 14.5 - - - 11.8
RevPAR actual (JPY) 10,655 9,775 10,216 - - - 10,215
year-on-year (%) 43.7 22.9 36.5 - - - 34.1
Gross Revenue actual (JPY mn) 36 33 34 - - - 104
year-on-year (%) 41.4 22.5 38.1 - - - 33.7
    (Note 1) This property was acquired on August 2, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 81.4 88.9 76.3 61.5 67.3 84.2 76.5
year-on-year (points) 17.2 1.1 -7.4 -9.7 -15.1 -3.8 -2.9
ADR actual (JPY) 11,459 20,874 10,746 9,620 12,005 16,518 13,838
year-on-year (%) 19.3 35.1 8.1 1.7 -1.5 19.4 16.5
RevPAR actual (JPY) 9,325 18,561 8,200 5,915 8,079 13,907 10,586
year-on-year (%) 51.3 36.8 -1.5 -12.1 -19.5 14.3 12.2
Gross Revenue actual (JPY mn) 110 187 101 74 97 155 726
year-on-year (%) 47.4 38.9 2.3 -5.8 -14.6 14.5 13.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 93.5 90.9 87.7 - - - 90.7
year-on-year (points) 1.2 -2.3 3.0 - - - 0.6
ADR actual (JPY) 19,935 21,343 15,956 - - - 19,157
year-on-year (%) -1.4 -2.8 -2.6 - - - -2.5
RevPAR actual (JPY) 18,649 19,395 13,991 - - - 17,382
year-on-year (%) -0.1 -5.3 0.9 - - - -1.9
Gross Revenue actual (JPY mn) 204 210 154 - - - 568
year-on-year (%) -0.5 -4.8 1.6 - - - -1.6
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 61.5 74.3 79.9 79.3 63.3 65.9 70.6
year-on-year (points) -4.5 -10.5 -11.8 -7.4 -12.5 -12.2 -9.8
ADR actual (JPY) 14,175 14,210 15,447 16,083 15,763 15,958 15,296
year-on-year (%) 6.8 2.2 -0.6 5.9 -13.0 -16.9 -3.8
RevPAR actual (JPY) 8,714 10,554 12,345 12,753 9,975 10,511 10,802
year-on-year (%) -0.5 -10.4 -13.4 -3.2 -27.4 -29.9 -15.5
Gross Revenue actual (JPY mn) 117 139 145 142 126 125 797
year-on-year (%) -1.3 2.3 -15.9 -6.0 -25.7 -24.8 -13.1
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 73.4 86.0 80.4 - - - 79.9
year-on-year (points) -9.9 8.0 4.8 - - - 1.0
ADR actual (JPY) 24,088 28,062 16,416 - - - 23,014
year-on-year (%) -10.0 -9.4 -10.6 - - - -9.9
RevPAR actual (JPY) 17,672 24,142 13,191 - - - 18,391
year-on-year (%) -20.7 -0.1 -4.8 - - - -8.8
Gross Revenue actual (JPY mn) 200 265 147 - - - 614
year-on-year (%) -15.2 4.7 -5.1 - - - -5.0
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 80.1 88.4 91.1 93.8 93.3 89.2 89.3
year-on-year (points) 6.1 10.5 7.4 8.5 9.7 12.1 9.0
ADR actual (JPY) 23,105 22,996 28,660 34,401 28,978 22,101 26,888
year-on-year (%) 27.0 43.7 25.3 23.2 15.2 18.6 23.8
RevPAR actual (JPY) 18,502 20,328 26,101 32,259 27,038 19,715 24,009
year-on-year (%) 37.5 63.0 36.4 35.5 28.5 37.1 37.6
Gross Revenue actual (JPY mn) 110 114 151 178 160 115 830
year-on-year (%) 31.9 59.0 32.2 32.8 28.7 32.6 34.7
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 92.3 87.6 84.3 - - - 88.1
year-on-year (points) 4.4 0.1 -5.5 - - - -0.3
ADR actual (JPY) 26,359 32,035 26,324 - - - 28,250
year-on-year (%) 7.7 8.1 -0.8 - - - 5.1
RevPAR actual (JPY) 24,337 28,077 22,196 - - - 24,899
year-on-year (%) 13.1 8.2 -6.9 - - - 4.8
Gross Revenue actual (JPY mn) 142 165 125 - - - 432
year-on-year (%) 12.8 9.4 -5.5 - - - 5.6
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 73.6 85.5 63.1 54.5 71.0 84.4 71.9
year-on-year (points) 1.4 2.3 -10.3 -7.8 -7.3 -8.8 -5.1
ADR actual (JPY) 15,719 20,578 13,304 14,324 15,942 18,391 16,659
year-on-year (%) 10.4 22.5 2.5 13.6 -4.3 9.3 9.7
RevPAR actual (JPY) 11,574 17,597 8,399 7,809 11,321 15,515 11,979
year-on-year (%) 12.6 25.9 -11.8 -0.7 -13.2 -1.0 2.5
Gross Revenue actual (JPY mn) 69 93 57 48 69 90 428
year-on-year (%) 9.6 26.7 -6.2 -3.3 -10.7 0.4 2.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 94.5 93.3 91.8 - - - 93.2
year-on-year (points) 5.2 0.5 4.7 - - - 3.5
ADR actual (JPY) 23,107 25,012 19,124 - - - 22,470
year-on-year (%) -3.9 -4.6 -2.2 - - - -3.9
RevPAR actual (JPY) 21,831 23,328 17,558 - - - 20,942
year-on-year (%) 1.7 -4.1 3.0 - - - -0.2
Gross Revenue actual (JPY mn) 123 132 100 - - - 356
year-on-year (%) 3.4 -1.7 3.8 - - - 1.6
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 83.5 83.1 83.7 77.6 78.2 66.3 78.8
year-on-year (points) 23.6 11.9 2.0 -3.2 4.2 6.5 7.5
ADR actual (JPY) 8,858 10,834 11,534 12,369 11,460 8,573 10,645
year-on-year (%) 50.5 53.0 34.5 43.9 -5.4 25.6 27.5
RevPAR actual (JPY) 7,400 9,000 9,652 9,603 8,958 5,688 8,385
year-on-year (%) 109.7 78.7 37.8 38.3 -0.1 39.1 41.0
Gross Revenue actual (JPY mn) 49 55 64 62 60 37 331
year-on-year (%) 98.8 80.1 38.2 38.0 1.2 36.8 40.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 76.9 81.3 75.1 - - - 77.8
year-on-year (points) 7.0 3.5 -1.3 - - - 3.1
ADR actual (JPY) 9,627 10,652 9,497 - - - 9,947
year-on-year (%) 30.9 20.8 11.4 - - - 20.5
RevPAR actual (JPY) 7,404 8,664 7,136 - - - 7,741
year-on-year (%) 44.1 26.2 9.6 - - - 25.5
Gross Revenue actual (JPY mn) 49 58 47 - - - 155
year-on-year (%) 41.9 25.3 7.9 - - - 23.9
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 52.1 58.7 79.4 78.0 81.5 82.1 72.0
year-on-year (points) -9.0 -21.4 -8.1 -7.9 -3.0 -2.7 -8.6
ADR actual (JPY) 6,512 7,200 7,754 9,055 8,692 8,407 8,065
year-on-year (%) 5.0 -0.4 10.9 23.1 -0.3 20.7 10.5
RevPAR actual (JPY) 3,395 4,223 6,159 7,066 7,081 6,904 5,809
year-on-year (%) -10.5 -27.0 0.6 11.8 -3.9 16.8 -1.2
Gross Revenue actual (JPY mn) 67 74 109 112 113 109 586
year-on-year (%) 15.8 -5.8 12.6 19.0 6.1 16.0 10.7
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 83.5 90.1 84.6 - - - 86.1
year-on-year (points) 0.4 -2.4 -2.0 - - - -1.3
ADR actual (JPY) 8,270 13,103 9,895 - - - 10,496
year-on-year (%) 13.4 28.1 18.4 - - - 20.9
RevPAR actual (JPY) 6,902 11,811 8,369 - - - 9,035
year-on-year (%) 13.9 24.7 15.7 - - - 19.0
Gross Revenue actual (JPY mn) 117 151 123 - - - 392
year-on-year (%) 12.2 19.5 19.9 - - - 17.4
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 82.5 89.0 90.0 92.4 92.4 87.6 89.0
year-on-year (points) 1.3 0.3 -3.0 1.1 10.9 2.8 2.3
ADR actual (JPY) 8,188 9,075 9,118 10,502 8,271 8,407 8,936
year-on-year (%) 24.1 26.2 15.9 33.3 -0.1 15.4 18.7
RevPAR actual (JPY) 6,755 8,075 8,208 9,704 7,643 7,363 7,950
year-on-year (%) 26.1 26.7 12.2 34.9 13.3 19.3 21.8
Gross Revenue actual (JPY mn) 38 42 46 52 43 40 263
year-on-year (%) 24.6 29.1 11.9 32.7 12.5 17.3 21.1
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 96.3 95.8 90.4 - - - 94.2
year-on-year (points) 13.8 6.8 9.0 - - - 9.9
ADR actual (JPY) 8,698 9,415 9,152 - - - 9,086
year-on-year (%) 3.0 8.5 -11.0 - - - -0.2
RevPAR actual (JPY) 8,373 9,023 8,269 - - - 8,558
year-on-year (%) 20.2 16.8 -1.1 - - - 11.5
Gross Revenue actual (JPY mn) 46 50 45 - - - 143
year-on-year (%) 18.3 16.3 -0.6 - - - 10.9
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 71.1 87.6 65.6 59.9 69.4 85.7 73.1
year-on-year (points) -8.6 -0.3 -8.4 -5.5 -6.4 -8.1 -6.2
ADR actual (JPY) 15,501 20,867 13,396 14,105 17,316 18,539 16,897
year-on-year (%) 14.2 25.1 4.0 12.8 0.4 5.3 10.9
RevPAR actual (JPY) 11,016 18,282 8,784 8,444 12,021 15,890 12,344
year-on-year (%) 1.9 24.6 -7.8 3.3 -8.1 -3.7 2.2
Gross Revenue actual (JPY mn) 45 65 40 37 54 64 308
year-on-year (%) 1.3 25.7 -3.7 4.0 -2.3 -2.8 3.6
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 94.0 92.3 90.9 - - - 92.4
year-on-year (points) -0.5 1.6 9.2 - - - 3.4
ADR actual (JPY) 26,655 29,899 20,726 - - - 25,847
year-on-year (%) 2.6 0.4 -2.4 - - - -0.1
RevPAR actual (JPY) 25,067 27,606 18,830 - - - 23,889
year-on-year (%) 2.1 2.1 8.6 - - - 3.7
Gross Revenue actual (JPY mn) 95 105 74 - - - 275
year-on-year (%) 2.4 3.4 9.5 - - - 4.6
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 76.3 87.6 81.9 78.4 85.3 79.0 81.4
year-on-year (points) 3.1 1.4 -8.1 -2.3 -1.9 -0.4 -1.4
ADR actual (JPY) 5,875 7,647 6,993 6,319 7,847 5,781 6,778
year-on-year (%) -27.2 -21.3 -42.9 -31.5 -34.3 -27.2 -32.1
RevPAR actual (JPY) 4,481 6,696 5,726 4,954 6,691 4,565 5,514
year-on-year (%) -24.1 -20.0 -48.0 -33.4 -35.8 -27.6 -33.2
Gross Revenue actual (JPY mn) 40 51 52 42 57 41 285
year-on-year (%) -15.7 -10.9 -36.8 -25.2 -26.6 -19.1 -23.8
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 86.3 86.9 87.3 - - - 86.8
year-on-year (points) 4.7 2.6 7.6 - - - 4.9
ADR actual (JPY) 6,785 7,158 7,000 - - - 6,981
year-on-year (%) -11.1 -7.8 -18.1 - - - -12.4
RevPAR actual (JPY) 5,855 6,218 6,110 - - - 6,061
year-on-year (%) -5.9 -4.9 -10.3 - - - -7.1
Gross Revenue actual (JPY mn) 50 51 48 - - - 150
year-on-year (%) -2.3 -4.2 -7.4 - - - -4.7
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 81.8 82.7 71.0 52.6 77.6 88.0 75.6
year-on-year (points) -0.7 -5.8 -7.9 -12.6 2.1 -2.5 -4.5
ADR actual (JPY) 8,410 12,669 7,279 7,835 10,407 13,441 10,220
year-on-year (%) 26.1 47.1 -7.4 22.0 -1.0 17.4 17.7
RevPAR actual (JPY) 6,883 10,483 5,167 4,119 8,078 11,828 7,727
year-on-year (%) 24.9 37.5 -16.7 -1.6 1.7 14.2 11.1
Gross Revenue actual (JPY mn) 175 184 150 132 165 223 1,031
year-on-year (%) 30.3 27.2 -3.2 9.7 5.3 11.1 12.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 91.3 86.6 95.6 - - - 91.1
year-on-year (points) -3.9 -1.1 9.3 - - - 1.3
ADR actual (JPY) 22,516 21,946 13,045 - - - 19,094
year-on-year (%) 13.3 8.3 2.4 - - - 7.5
RevPAR actual (JPY) 20,557 19,005 12,467 - - - 17,396
year-on-year (%) 8.6 6.9 13.4 - - - 9.1
Gross Revenue actual (JPY mn) 299 274 190 - - - 764
year-on-year (%) 6.6 5.3 5.6 - - - 5.9
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 64.6 74.6 76.9 71.3 75.4 75.2 73.0
year-on-year (points) 6.3 4.0 -0.4 5.7 4.2 1.4 3.5
ADR actual (JPY) 7,689 9,492 8,916 8,768 9,822 7,565 8,731
year-on-year (%) -6.0 5.1 -4.6 9.0 -3.2 4.0 0.4
RevPAR actual (JPY) 4,968 7,083 6,860 6,251 7,407 5,693 6,374
year-on-year (%) 4.1 11.1 -5.0 18.4 2.5 6.0 5.5
Gross Revenue actual (JPY mn) 54 65 67 59 72 59 379
year-on-year (%) 20.9 22.0 1.6 18.1 14.0 5.5 13.0
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 78.3 75.5 79.9 - - - 77.9
year-on-year (points) 3.2 -0.4 10.4 - - - 4.3
ADR actual (JPY) 8,152 10,503 9,160 - - - 9,257
year-on-year (%) 2.6 -2.7 4.4 - - - 0.7
RevPAR actual (JPY) 6,386 7,935 7,315 - - - 7,211
year-on-year (%) 6.9 -3.2 20.0 - - - 6.6
Gross Revenue actual (JPY mn) 65 73 64 - - - 202
year-on-year (%) 0.8 -2.3 10.9 - - - 2.6
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 67.8 88.4 66.7 38.6 51.1 80.3 65.3
year-on-year (points) 29.0 18.2 7.5 -9.6 -14.6 1.3 5.3
ADR actual (JPY) 6,818 12,472 6,742 6,335 8,048 10,074 8,801
year-on-year (%) 13.9 22.0 0.0 -1.9 -1.7 9.1 9.1
RevPAR actual (JPY) 4,620 11,025 4,496 2,445 4,114 8,085 5,746
year-on-year (%) 99.2 53.6 12.6 -21.5 -23.5 11.0 18.8
Gross Revenue actual (JPY mn) 17 35 16 8 15 28 121
year-on-year (%) 106.5 63.7 19.8 -18.0 -19.1 14.6 24.2
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 87.7 83.9 88.7 - - - 86.7
year-on-year (points) 4.5 -2.2 2.1 - - - 1.5
ADR actual (JPY) 12,619 13,378 11,074 - - - 12,351
year-on-year (%) -8.9 -9.5 12.1 - - - -3.9
RevPAR actual (JPY) 11,061 11,220 9,825 - - - 10,712
year-on-year (%) -4.0 -11.8 14.9 - - - -2.3
Gross Revenue actual (JPY mn) 39 39 34 - - - 113
year-on-year (%) -0.5 -9.8 19.5 - - - 1.0
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 56.9 78.3 49.3 32.2 39.8 75.0 55.0
year-on-year (points) 35.1 15.3 2.9 -6.0 -16.9 3.8 5.8
ADR actual (JPY) 9,324 16,638 8,645 8,683 10,148 12,111 11,545
year-on-year (%) -4.7 36.0 -6.1 10.4 1.9 17.8 14.5
RevPAR actual (JPY) 5,309 13,035 4,261 2,797 4,043 9,083 6,354
year-on-year (%) 149.0 69.1 -0.3 -6.9 -28.4 24.1 27.9
Gross Revenue actual (JPY mn) 14 33 11 7 11 24 102
year-on-year (%) 135.8 75.9 -0.9 -8.8 -27.9 24.3 28.1
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 77.8 86.5 88.4 - - - 84.2
year-on-year (points) -2.4 1.4 17.1 - - - 5.3
ADR actual (JPY) 15,017 16,031 10,446 - - - 13,802
year-on-year (%) -9.8 -14.7 -14.9 - - - -14.5
RevPAR actual (JPY) 11,683 13,860 9,239 - - - 11,620
year-on-year (%) -12.5 -13.2 5.5 - - - -8.8
Gross Revenue actual (JPY mn) 31 37 24 - - - 94
year-on-year (%) -12.5 -12.6 5.1 - - - -8.5
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 53.9 69.8 31.4 24.8 53.0 74.8 51.1
year-on-year (points) 14.3 4.4 -24.5 -20.9 -8.4 0.3 -5.8
ADR actual (JPY) 5,618 11,849 6,243 6,109 6,957 9,413 8,232
year-on-year (%) 9.9 52.6 15.0 4.2 -7.1 15.4 20.4
RevPAR actual (JPY) 3,028 8,274 1,959 1,512 3,689 7,044 4,206
year-on-year (%) 49.7 62.9 -35.4 -43.5 -19.8 15.8 8.1
Gross Revenue actual (JPY mn) 7 19 5 3 9 17 62
year-on-year (%) 50.5 67.8 -33.3 -43.5 -20.9 14.8 8.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 85.0 86.4 90.9 - - - 87.4
year-on-year (points) 5.2 -2.7 4.4 - - - 2.3
ADR actual (JPY) 11,121 11,393 9,811 - - - 10,767
year-on-year (%) -3.1 -5.2 9.6 - - - -0.6
RevPAR actual (JPY) 9,448 9,840 8,919 - - - 9,408
year-on-year (%) 3.2 -8.0 15.1 - - - 2.1
Gross Revenue actual (JPY mn) 23 24 21 - - - 70
year-on-year (%) 3.2 -7.6 15.2 - - - 2.3
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 82.3 92.1 96.3 96.4 91.8 88.1 91.1
year-on-year (points) -5.3 -2.5 1.8 -1.5 -4.0 -4.8 -2.7
ADR actual (JPY) 6,141 7,129 7,738 7,728 8,224 7,574 7,450
year-on-year (%) 11.5 25.1 14.5 16.7 23.4 10.4 17.0
RevPAR actual (JPY) 5,051 6,564 7,449 7,452 7,553 6,672 6,790
year-on-year (%) 4.8 21.7 16.8 14.9 18.3 4.7 13.6
Gross Revenue actual (JPY mn) 11 13 16 15 17 14 89
year-on-year (%) 4.5 25.9 16.6 14.0 19.7 5.1 14.3
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 91.2 92.3 91.4 - - - 91.6
year-on-year (points) 1.8 2.8 2.8 - - - 2.5
ADR actual (JPY) 7,677 8,490 8,104 - - - 8,092
year-on-year (%) 8.5 23.4 7.5 - - - 13.0
RevPAR actual (JPY) 7,005 7,833 7,410 - - - 7,416
year-on-year (%) 10.7 27.3 10.9 - - - 16.1
Gross Revenue actual (JPY mn) 15 17 15 - - - 48
year-on-year (%) 10.9 26.5 10.5 - - - 15.8
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 55.3 67.8 72.3 74.8 68.9 70.9 68.3
year-on-year (points) 5.4 5.9 9.7 10.6 2.8 8.3 7.1
ADR actual (JPY) 4,301 4,816 5,105 5,492 5,637 5,292 5,142
year-on-year (%) 30.4 35.6 31.5 26.0 26.0 22.6 28.1
RevPAR actual (JPY) 2,376 3,266 3,693 4,111 3,882 3,752 3,511
year-on-year (%) 44.5 48.6 51.9 46.8 31.4 38.9 43.0
Gross Revenue actual (JPY mn) 12 15 18 20 19 18 104
year-on-year (%) 45.6 53.7 51.4 42.7 31.2 37.9 42.8
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 66.4 66.2 72.1 - - - 68.2
year-on-year (points) 6.0 4.6 3.4 - - - 4.7
ADR actual (JPY) 5,549 5,171 5,349 - - - 5,356
year-on-year (%) 29.5 18.1 25.5 - - - 24.3
RevPAR actual (JPY) 3,687 3,425 3,855 - - - 3,653
year-on-year (%) 42.2 26.9 31.7 - - - 33.5
Gross Revenue actual (JPY mn) 18 17 18 - - - 54
year-on-year (%) 41.6 26.6 31.6 - - - 33.1
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 90.5 95.8 92.8 89.4 94.1 90.2 92.1
year-on-year (points) 2.4 3.2 -3.3 -5.1 0.5 5.2 0.5
ADR actual (JPY) 5,394 6,922 6,485 5,983 7,279 5,266 6,236
year-on-year (%) -29.5 -26.1 -41.7 -29.9 -32.4 -28.1 -32.1
RevPAR actual (JPY) 4,882 6,634 6,018 5,349 6,848 4,749 5,745
year-on-year (%) -27.5 -23.6 -43.8 -33.7 -32.0 -23.6 -31.8
Gross Revenue actual (JPY mn) 12 14 14 12 16 11 81
year-on-year (%) -27.0 -20.2 -42.5 -32.1 -31.2 -22.3 -30.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 94.5 93.7 92.9 - - - 93.7
year-on-year (points) 2.3 2.6 2.5 - - - 2.5
ADR actual (JPY) 6,320 6,586 6,421 - - - 6,442
year-on-year (%) -16.0 -14.4 -16.6 - - - -15.6
RevPAR actual (JPY) 5,974 6,170 5,963 - - - 6,036
year-on-year (%) -13.9 -11.9 -14.3 - - - -13.4
Gross Revenue actual (JPY mn) 14 14 14 - - - 43
year-on-year (%) -12.6 -11.7 -13.2 - - - -12.5
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 74.3 90.3 71.3 56.2 70.0 84.3 74.3
year-on-year (points) 0.6 1.4 -9.3 -11.1 -5.0 -4.8 -4.7
ADR actual (JPY) 8,818 8,788 8,520 8,172 8,469 9,092 8,678
year-on-year (%) 5.0 5.2 5.9 9.5 7.8 13.7 8.0
RevPAR actual (JPY) 6,555 7,939 6,078 4,596 5,928 7,667 6,448
year-on-year (%) 5.8 6.8 -6.3 -8.6 0.6 7.7 1.6
Gross Revenue actual (JPY mn) 15 17 14 10 13 17 88
year-on-year (%) 6.3 12.9 -5.9 -6.9 0.5 8.0 3.0
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 92.0 87.1 94.5 - - - 91.2
year-on-year (points) 0.9 -4.7 6.7 - - - 0.9
ADR actual (JPY) 9,544 9,919 8,892 - - - 9,445
year-on-year (%) 12.5 6.1 7.6 - - - 8.5
RevPAR actual (JPY) 8,783 8,639 8,405 - - - 8,612
year-on-year (%) 13.6 0.8 15.9 - - - 9.6
Gross Revenue actual (JPY mn) 20 20 18 - - - 59
year-on-year (%) 13.7 0.9 15.7 - - - 9.6
    (Note 1) This property was acquired on July 19, 2019.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 65.6 70.7 71.1 75.3 68.0 64.2 69.1
year-on-year (points) -3.5 -4.2 -7.6 -3.4 -2.8 -2.4 -4.0
ADR actual (JPY) 9,306 9,347 9,375 9,560 9,672 9,554 9,469
year-on-year (%) 4.3 5.0 -2.1 4.4 4.5 12.6 4.4
RevPAR actual (JPY) 6,107 6,611 6,668 7,197 6,578 6,136 6,547
year-on-year (%) -1.0 -0.8 -11.5 -0.1 0.3 8.5 -1.3
Gross Revenue actual (JPY mn) 202 187 210 223 206 187 1,217
year-on-year (%) 5.2 2.4 -7.7 -1.3 -2.7 9.4 0.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 68.4 68.4 61.3 - - - 66.1
year-on-year (points) 3.2 -2.0 -1.0 - - - 0.1
ADR actual (JPY) 9,763 10,152 9,432 - - - 9,799
year-on-year (%) 12.0 8.7 12.9 - - - 11.0
RevPAR actual (JPY) 6,674 6,945 5,780 - - - 6,474
year-on-year (%) 17.5 5.6 11.1 - - - 11.1
Gross Revenue actual (JPY mn) 217 225 175 - - - 618
year-on-year (%) 15.3 6.5 13.4 - - - 11.4
    (Note 1) This property was acquired on January 6, 2020.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 81.5 79.3 85.7 85.2 76.8 84.7 82.2
year-on-year (points) 3.2 -0.1 0.4 1.9 -6.7 0.1 -0.2
ADR actual (JPY) 7,129 7,882 7,290 9,790 10,132 8,783 8,487
year-on-year (%) 8.7 6.9 -6.5 3.9 -9.9 -1.2 -1.2
RevPAR actual (JPY) 5,813 6,251 6,247 8,341 7,783 7,435 6,976
year-on-year (%) 13.2 6.9 -6.1 6.3 -17.1 -1.0 -1.4
Gross Revenue actual (JPY mn) 87 88 104 106 108 109 605
year-on-year (%) 23.0 17.0 11.1 7.3 -1.3 7.0 9.5
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 88.5 90.9 88.8 - - - 89.4
year-on-year (points) 7.7 -0.6 4.3 - - - 3.8
ADR actual (JPY) 8,622 15,778 10,351 - - - 11,633
year-on-year (%) -17.6 6.5 10.7 - - - -0.3
RevPAR actual (JPY) 7,632 14,344 9,193 - - - 10,402
year-on-year (%) -9.7 5.8 16.4 - - - 4.1
Gross Revenue actual (JPY mn) 117 141 102 - - - 362
year-on-year (%) 13.6 10.4 11.4 - - - 11.7
    (Note 1) This property was acquired on January 6, 2020.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 43.6 57.5 75.8 78.1 74.0 75.7 67.5
year-on-year (points) -14.8 -18.4 -11.4 -7.5 -2.9 -5.4 -10.0
ADR actual (JPY) 29,752 23,163 34,113 35,247 35,636 36,168 33,026
year-on-year (%) 13.4 3.2 -8.4 1.3 -15.5 -7.5 -3.7
RevPAR actual (JPY) 12,966 13,330 25,866 27,513 26,359 27,380 22,276
year-on-year (%) -15.3 -21.8 -20.4 -7.6 -18.7 -13.6 -16.2
Gross Revenue actual (JPY mn) 259 259 503 526 517 507 2,574
year-on-year (%) -16.3 -20.4 -18.1 -5.6 -12.6 -11.4 -13.4
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 84.0 93.5 87.5 - - - 88.3
year-on-year (points) -2.1 18.4 5.0 - - - 7.1
ADR actual (JPY) 65,770 81,141 41,456 - - - 63,400
year-on-year (%) 1.4 -1.6 -2.1 - - - 0.8
RevPAR actual (JPY) 55,226 75,860 36,265 - - - 55,996
year-on-year (%) -1.1 22.5 3.8 - - - 9.6
Gross Revenue actual (JPY mn) 937 1,256 648 - - - 2,843
year-on-year (%) -0.4 23.0 4.9 - - - 10.1
    (Note 1) This property was acquired on August 1, 2023.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 65.1 77.0 81.8 81.3 87.3 88.4 80.1
year-on-year (points) 11.3 4.3 2.3 11.3 10.2 7.3 7.8
ADR actual (JPY) 24,052 20,429 22,918 21,680 24,074 18,567 21,910
year-on-year (%) -12.8 3.8 -3.0 5.7 -2.9 0.3 -1.7
RevPAR actual (JPY) 15,663 15,731 18,737 17,624 21,007 16,412 17,554
year-on-year (%) 5.5 10.0 -0.2 22.7 9.9 9.3 8.9
Gross Revenue actual (JPY mn) 156 154 193 173 205 175 1,058
year-on-year (%) 16.3 17.2 6.5 24.1 13.4 14.2 14.7
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 92.6 94.4 92.9 - - - 93.3
year-on-year (points) 2.3 -0.4 2.4 - - - 1.4
ADR actual (JPY) 28,643 50,491 27,191 - - - 35,620
year-on-year (%) 7.9 15.6 10.5 - - - 11.7
RevPAR actual (JPY) 26,512 47,651 25,259 - - - 33,226
year-on-year (%) 10.6 15.1 13.4 - - - 13.4
Gross Revenue actual (JPY mn) 242 374 227 - - - 844
year-on-year (%) 11.3 13.7 12.0 - - - 12.5
    (Note 1) This property was acquired on August 1, 2023.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 85.0 91.2 94.3 91.4 86.5 81.6 88.3
year-on-year (points) 17.5 5.2 0.1 3.1 2.3 -4.9 3.9
ADR actual (JPY) 5,989 6,836 7,580 7,570 8,056 6,591 7,124
year-on-year (%) 4.4 4.1 1.5 7.7 -10.3 -3.2 -0.5
RevPAR actual (JPY) 5,088 6,236 7,145 6,918 6,967 5,379 6,291
year-on-year (%) 31.5 10.4 1.6 11.5 -7.8 -8.6 4.2
Gross Revenue actual (JPY mn) 27 30 38 36 37 28 198
year-on-year (%) 47.5 25.9 15.3 22.6 -6.0 -6.8 12.8
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 84.8 90.5 89.3 - - - 88.2
year-on-year (points) -0.7 -3.9 -2.2 - - - -2.3
ADR actual (JPY) 6,584 10,033 7,736 - - - 8,157
year-on-year (%) 0.0 34.1 6.8 - - - 14.6
RevPAR actual (JPY) 5,582 9,080 6,906 - - - 7,192
year-on-year (%) -0.9 28.5 -4.7 - - - 11.7
Gross Revenue actual (JPY mn) 30 47 35 - - - 113
year-on-year (%) -0.2 25.1 -6.6 - - - 10.8
    (Note 1) This property was acquired on August 1, 2023.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 73.2 79.6 74.2 76.1 73.8 79.6 76.0
year-on-year (points) 14.5 1.4 -7.1 -9.4 -7.1 -9.2 -2.8
ADR actual (JPY) 7,277 8,167 6,836 15,961 10,002 9,470 9,615
year-on-year (%) 11.5 25.8 -3.1 36.3 -2.8 -12.4 6.7
RevPAR actual (JPY) 5,328 6,499 5,072 12,152 7,377 7,543 7,310
year-on-year (%) 39.0 28.1 -11.5 21.2 -11.4 -21.5 2.9
Gross Revenue actual (JPY mn) 26 28 25 52 34 34 200
year-on-year (%) 41.9 31.7 -4.5 21.0 -9.6 -19.0 5.7
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 81.4 86.2 86.5 - - - 84.7
year-on-year (points) -5.8 2.4 0.5 - - - -1.0
ADR actual (JPY) 9,976 20,397 11,316 - - - 13,996
year-on-year (%) -11.0 17.9 11.0 - - - 8.6
RevPAR actual (JPY) 8,118 17,581 9,793 - - - 11,853
year-on-year (%) -16.9 21.4 11.7 - - - 7.4
Gross Revenue actual (JPY mn) 37 77 42 - - - 157
year-on-year (%) -15.9 19.6 12.3 - - - 7.0
    (Note 1) This property was acquired on August 1, 2023.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 84.9 92.1 93.8 92.0 91.8 90.9 90.9
year-on-year (points) -0.4 4.3 0.8 3.6 2.6 6.0 2.8
ADR actual (JPY) 7,012 8,402 9,831 9,762 11,256 8,466 9,161
year-on-year (%) -7.2 -3.3 -2.8 16.7 2.1 -4.1 0.3
RevPAR actual (JPY) 5,950 7,742 9,219 8,983 10,335 7,692 8,326
year-on-year (%) -7.6 1.4 -2.0 21.5 5.0 2.7 3.5
Gross Revenue actual (JPY mn) 26 31 39 38 44 33 214
year-on-year (%) -6.3 7.0 -1.0 20.1 10.0 4.3 5.8
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 90.1 90.6 84.9 - - - 88.6
year-on-year (points) 9.1 0.5 -5.6 - - - 1.4
ADR actual (JPY) 7,520 12,828 8,587 - - - 9,682
year-on-year (%) -4.3 6.6 2.1 - - - 1.9
RevPAR actual (JPY) 6,779 11,616 7,289 - - - 8,575
year-on-year (%) 6.4 7.2 -4.2 - - - 3.6
Gross Revenue actual (JPY mn) 30 48 31 - - - 110
year-on-year (%) 7.5 6.6 -3.7 - - - 3.7
    (Note 1) This property was acquired on August 1, 2023.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 66.2 68.8 47.3 68.4 62.6 59.4 62.0
year-on-year (points) 7.6 10.7 -15.5 2.0 -2.0 -7.8 -1.0
ADR actual (JPY) 13,789 11,892 12,559 14,471 14,882 11,499 13,244
year-on-year (%) -3.4 -10.5 -1.2 -9.9 -14.9 -2.2 -7.4
RevPAR actual (JPY) 9,129 8,175 5,945 9,895 9,319 6,833 8,215
year-on-year (%) 9.1 6.0 -25.6 -7.3 -17.6 -13.6 -8.8
Gross Revenue actual (JPY mn) 47 40 34 47 47 36 254
year-on-year (%) 16.0 15.9 -21.8 -2.2 -8.9 -11.1 -2.9
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 54.9 82.0 75.4 - - - 70.7
year-on-year (points) 2.2 -7.1 -4.1 - - - -3.0
ADR actual (JPY) 14,193 22,530 11,513 - - - 16,518
year-on-year (%) -2.8 7.6 -1.5 - - - 2.2
RevPAR actual (JPY) 7,795 18,469 8,678 - - - 11,680
year-on-year (%) 1.2 -1.0 -6.6 - - - -1.9
Gross Revenue actual (JPY mn) 39 78 46 - - - 164
year-on-year (%) 6.7 -0.9 -2.5 - - - 0.3
    (Note 1) This property was acquired on August 1, 2023.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
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 (%) - - - - - - -
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) - 79.6 76.4 - - - 79.6
year-on-year (points) - -9.4 -8.9 - - - -9.4
ADR actual (JPY) - 18,810 16,798 - - - 18,810
year-on-year (%) - 9.3 16.7 - - - 9.3
RevPAR actual (JPY) - 14,965 12,836 - - - 14,965
year-on-year (%) - -2.3 4.6 - - - -2.3
Gross Revenue actual (JPY mn) - 495 429 - - - 495
year-on-year (%) - -4.9 2.0 - - - -4.9
    (Note 1) This property was acquired on July 31, 2024. The day of operation in July 2024 is only one day, so the figures for July 2024 are not disclosed.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
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 (%) - - - - - - -
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) - 87.3 84.4 - - - 87.3
year-on-year (points) - 4.9 1.0 - - - 4.9
ADR actual (JPY) - 28,566 20,971 - - - 28,566
year-on-year (%) - 22.1 18.7 - - - 22.1
RevPAR actual (JPY) - 24,952 17,702 - - - 24,952
year-on-year (%) - 29.3 20.2 - - - 29.3
Gross Revenue actual (JPY mn) - 473 369 - - - 473
year-on-year (%) - 28.9 18.8 - - - 28.9
    (Note 1) This property was acquired on July 31, 2024. The day of operation in July 2024 is only one day, so the figures for July 2024 are not disclosed.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
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 (%) - - - - - - -
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) - 89.7 88.8 - - - 89.7
year-on-year (points) - -3.8 -3.1 - - - -3.8
ADR actual (JPY) - 17,648 16,677 - - - 17,648
year-on-year (%) - 27.5 17.3 - - - 27.5
RevPAR actual (JPY) - 15,830 14,811 - - - 15,830
year-on-year (%) - 22.3 13.3 - - - 22.3
Gross Revenue actual (JPY mn) - 116 115 - - - 116
year-on-year (%) - 26.5 2.7 - - - 26.5
    (Note 1) This property was acquired on July 31, 2024. The day of operation in July 2024 is only one day, so the figures for July 2024 are not disclosed.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
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 (%) - - - - - - -
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) - 88.7 83.8 - - - 88.7
year-on-year (points) - 15.1 -2.6 - - - 15.1
ADR actual (JPY) - 11,566 10,117 - - - 11,566
year-on-year (%) - 14.7 0.4 - - - 14.7
RevPAR actual (JPY) - 10,258 8,481 - - - 10,258
year-on-year (%) - 38.2 -2.7 - - - 38.2
Gross Revenue actual (JPY mn) - 69 56 - - - 69
year-on-year (%) - 48.3 8.4 - - - 48.3
    (Note 1) This property was acquired on July 31, 2024. The day of operation in July 2024 is only one day, so the figures for July 2024 are not disclosed.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
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 (%) - - - - - - -
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) - 80.4 84.2 - - - 80.4
year-on-year (points) - -3.6 0.2 - - - -3.6
ADR actual (JPY) - 22,555 11,593 - - - 22,555
year-on-year (%) - 20.0 15.5 - - - 20.0
RevPAR actual (JPY) - 18,142 9,756 - - - 18,142
year-on-year (%) - 14.8 15.8 - - - 14.8
Gross Revenue actual (JPY mn) - 143 86 - - - 143
year-on-year (%) - 12.5 16.2 - - - 12.5
    (Note 1) This property was acquired on July 31, 2024. The day of operation in July 2024 is only one day, so the figures for July 2024 are not disclosed.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
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 (%) - - - - - - -
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) - 86.3 83.2 - - - 86.3
year-on-year (points) - -9.4 -8.7 - - - -9.4
ADR actual (JPY) - 41,722 31,337 - - - 41,722
year-on-year (%) - 11.4 13.7 - - - 11.4
RevPAR actual (JPY) - 36,020 26,076 - - - 36,020
year-on-year (%) - 0.5 2.9 - - - 0.5
Gross Revenue actual (JPY mn) - 106 81 - - - 106
year-on-year (%) - 4.1 2.0 - - - 4.1
    (Note 1) This property was acquired on July 31, 2024. The day of operation in July 2024 is only one day, so the figures for July 2024 are not disclosed.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
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 (%) - - - - - - -
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) - 86.4 87.3 - - - 86.4
year-on-year (points) - -0.1 4.5 - - - -0.1
ADR actual (JPY) - 10,104 8,397 - - - 10,104
year-on-year (%) - 25.3 13.4 - - - 25.3
RevPAR actual (JPY) - 8,726 7,327 - - - 8,726
year-on-year (%) - 25.1 19.6 - - - 25.1
Gross Revenue actual (JPY mn) - 84 73 - - - 84
year-on-year (%) - 12.4 17.1 - - - 12.4
    (Note 1) This property was acquired on July 31, 2024. The day of operation in July 2024 is only one day, so the figures for July 2024 are not disclosed.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
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 (%) - - - - - - -
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) - 94.2 91.1 - - - 94.2
year-on-year (points) - 2.5 6.2 - - - 2.5
ADR actual (JPY) - 13,376 9,535 - - - 13,376
year-on-year (%) - 1.5 -12.0 - - - 1.5
RevPAR actual (JPY) - 12,601 8,684 - - - 12,601
year-on-year (%) - 4.3 -5.5 - - - 4.3
Gross Revenue actual (JPY mn) - 104 99 - - - 104
year-on-year (%) - 23.9 -0.4 - - - 23.9
    (Note 1) This property was acquired on July 31, 2024. The day of operation in July 2024 is only one day, so the figures for July 2024 are not disclosed.
    (Note 2) There is a building operating as "Suisui Garden Ryokan" on the property site. The building is not owned by INV, but INV has agreed with the owner of the building to include the revenue from the operation of the building in the GOP of the property and collect it as part of the property's rent, assuming that INV will bear repair costs, etc. of the building. Therefore, the number of guest rooms of the property is 93, including the three guest rooms of the "Suisui Garden Ryokan".
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
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 (%) - - - - - - -
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) - 73.1 72.2 - - - 73.1
year-on-year (points) - -7.5 -6.4 - - - -7.5
ADR actual (JPY) - 11,313 11,038 - - - 11,313
year-on-year (%) - -1.4 7.2 - - - -1.4
RevPAR actual (JPY) - 8,267 7,969 - - - 8,267
year-on-year (%) - -10.5 -1.5 - - - -10.5
Gross Revenue actual (JPY mn) - 53 50 - - - 53
year-on-year (%) - -7.3 -2.6 - - - -7.3
    (Note 1) This property was acquired on July 31, 2024. The day of operation in July 2024 is only one day, so the figures for July 2024 are not disclosed.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
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 (%) - - - - - - -
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) - 82.5 74.4 - - - 82.5
year-on-year (points) - 6.0 7.9 - - - 6.0
ADR actual (JPY) - 12,279 9,899 - - - 12,279
year-on-year (%) - -9.5 -5.4 - - - -9.5
RevPAR actual (JPY) - 10,127 7,365 - - - 10,127
year-on-year (%) - -2.4 5.9 - - - -2.4
Gross Revenue actual (JPY mn) - 91 66 - - - 91
year-on-year (%) - -4.0 7.0 - - - -4.0
    (Note 1) This property was acquired on July 31, 2024. The day of operation in July 2024 is only one day, so the figures for July 2024 are not disclosed.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
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 (%) - - - - - - -
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) - 89.7 92.2 - - - 89.7
year-on-year (points) - 5.0 9.2 - - - 5.0
ADR actual (JPY) - 26,051 15,789 - - - 26,051
year-on-year (%) - 23.9 5.3 - - - 23.9
RevPAR actual (JPY) - 23,372 14,561 - - - 23,372
year-on-year (%) - 31.1 16.9 - - - 31.1
Gross Revenue actual (JPY mn) - 74 54 - - - 74
year-on-year (%) - 12.0 8.1 - - - 12.0
    (Note 1) This property was acquired on July 31, 2024. The day of operation in July 2024 is only one day, so the figures for July 2024 are not disclosed.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
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 (%) - - - - - - -
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) - 82.2 79.5 - - - 82.2
year-on-year (points) - 9.0 12.3 - - - 9.0
ADR actual (JPY) - 17,333 14,914 - - - 17,333
year-on-year (%) - 6.7 -3.0 - - - 6.7
RevPAR actual (JPY) - 14,245 11,860 - - - 14,245
year-on-year (%) - 19.8 14.7 - - - 19.8
Gross Revenue actual (JPY mn) - 47 40 - - - 47
year-on-year (%) - 20.0 21.3 - - - 20.0
    (Note 1) This property was acquired on July 31, 2024. The day of operation in July 2024 is only one day, so the figures for July 2024 are not disclosed.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 80.5 81.5 89.9 82.2 74.5 74.5 80.5
year-on-year (points) 1.1 -3.0 4.2 1.0 -1.9 1.4 0.5
ADR actual (USD) 732 722 784 696 521 470 661
year-on-year (%) 11.5 0.9 6.3 12.5 7.7 -4.7 6.3
RevPAR actual (USD) 589 588 705 572 388 350 532
year-on-year (%) 13.0 -2.6 11.4 13.8 5.0 -3.0 7.0
Gross Revenue actual (USD'000) 11,316 10,310 13,766 10,959 7,901 6,850 61,105
year-on-year (%) 21.2 3.9 17.0 13.6 -0.5 -1.2 10.0
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 58.4 61.6 33.1 - - - 51.2
year-on-year (points) -15.3 -1.6 2.0 - - - -5.0
ADR actual (USD) 419 377 270 - - - 371
year-on-year (%) -7.5 -4.3 -15.5 - - - -8.9
RevPAR actual (USD) 245 233 89 - - - 190
year-on-year (%) -26.7 -6.6 -9.8 - - - -17.0
Gross Revenue actual (USD'000) 4,845 4,736 2,367 - - - 11,949
year-on-year (%) -30.5 -13.3 0.9 - - - -19.1
    (Note 1) This property was acquired on Septemer 28, 2018.
2024/01 2024/02 2024/03 2024/04 2024/05 2024/06 2024/01～06
Occupancy Rate actual (%) 81.6 88.8 89.2 74.5 66.4 49.4 75.0
year-on-year (points) 15.5 2.8 2.3 6.6 7.2 -6.3 4.8
ADR actual (USD) 334 314 340 285 217 218 293
year-on-year (%) 8.7 -0.1 8.4 -3.5 -6.6 2.5 2.9
RevPAR actual (USD) 272 279 303 213 144 107 220
year-on-year (%) 34.3 3.2 11.2 5.8 4.7 -9.1 10.0
Gross Revenue actual (USD'000) 1,502 1,456 1,751 1,174 868 679 7,432
year-on-year (%) 27.0 7.5 12.1 2.2 3.2 -10.3 8.5
2024/07 2024/08 2024/09 2024/10 2024/11 2024/12 2024/07～12
Occupancy Rate actual (%) 31.9 32.9 28.7 - - - 31.2
year-on-year (points) -32.7 -21.4 -27.6 - - - -27.2
ADR actual (USD) 228 206 174 - - - 204
year-on-year (%) 10.6 13.4 11.7 - - - 11.7
RevPAR actual (USD) 73 68 50 - - - 64
year-on-year (%) -45.3 -31.3 -43.1 - - - -40.4
Gross Revenue actual (USD'000) 525 469 305 - - - 1,300
year-on-year (%) -37.6 -22.3 -36.3 - - - -32.5
    (Note 1) This property was acquired on Septemer 28, 2018.

Portfolio