Hotel Performance

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Domestic Hotels Total
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
# of Properties (Note2) actual - 39(48) 39(48) 39(48) 39(48) 40(49) 40(49) 40(49)
Occupancy Rate actual (%) 83.4 89.3 90.9 92.6 89.2 88.9 89.0
ADR actual (JPY) 8,128 8,654 9,760 10,446 9,728 8,377 9,209
RevPAR actual (JPY) 6,778 7,730 8,873 9,672 8,679 7,451 8,199
Gross Revenue actual (JPY mn) 1,577 1,601 2,092 2,144 2,011 1,783 11,210
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
# of Properties (Note2) actual - 40(49) 40(49) 40(49) 44(53) 44(53) 44(53) 44(53)
Occupancy Rate actual (%) 91.1 92.7 89.9 91.5 91.1 90.9 91.3
ADR actual (JPY) 9,781 11,266 9,294 10,011 10,252 10,078 10,133
RevPAR actual (JPY) 8,907 10,441 8,357 9,158 9,341 9,157 9,247
Gross Revenue actual (JPY mn) 2,131 2,443 1,973 2,505 2,646 2,468 14,169
  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.

Individual Hotels

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2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 90.2 96.0 93.6 96.0 94.8 94.2 94.1
year-on-year (points) -2.5 2.9 -1.0 3.9 27.2 34.6 10.8
ADR actual (JPY) 7,762 9,388 9,154 11,837 9,001 7,953 9,190
year-on-year (%) 4.1 7.2 -6.3 15.8 11.0 0.8 4.6
RevPAR actual (JPY) 7,001 9,015 8,570 11,358 8,531 7,495 8,647
year-on-year (%) 1.2 10.5 -7.3 20.7 55.8 59.2 18.3
Gross Revenue actual (JPY mn) 27 32 33 43 33 28 199
year-on-year (%) 1.4 7.6 -6.8 21.5 56.6 60.4 18.3
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 94.1 95.9 89.3 97.1 97.9 96.9 95.2
year-on-year (points) 31.4 27.2 -2.8 0.2 0.0 1.6 9.7
ADR actual (JPY) 8,909 8,665 8,006 9,240 9,167 9,299 8,897
year-on-year (%) 6.4 6.3 -1.1 0.3 -4.4 -1.1 0.3
RevPAR actual (JPY) 8,386 8,306 7,148 8,968 8,971 9,009 8,469
year-on-year (%) 59.7 48.5 -4.1 0.5 -4.3 0.6 11.7
Gross Revenue actual (JPY mn) 32 32 27 35 34 35 198
year-on-year (%) 60.3 49.1 -3.6 1.0 -3.9 1.0 12.1
    (Note1) This property was acquired on May 23, 2014.
    (Note2) This property underwent a full renovation from May 20, 2016 to August 22, 2016.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 93.7 93.3 94.1 96.1 94.8 95.0 94.5
year-on-year (points) -0.5 -0.2 2.0 2.4 1.9 1.6 1.2
ADR actual (JPY) 6,535 7,266 7,809 9,683 7,492 6,418 7,539
year-on-year (%) -5.1 -7.2 -15.3 -2.6 -2.2 -8.9 -6.8
RevPAR actual (JPY) 6,125 6,781 7,345 9,301 7,101 6,095 7,124
year-on-year (%) -5.5 -7.4 -13.5 0.0 -0.2 -7.3 -5.6
Gross Revenue actual (JPY mn) 31 31 37 45 36 30 212
year-on-year (%) -4.4 -10.3 -12.9 0.9 0.1 -6.3 -5.4
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 96.8 95.3 93.8 93.8 94.0 91.5 94.2
year-on-year (points) 3.4 2.3 2.2 2.0 2.1 2.9 2.5
ADR actual (JPY) 6,961 6,639 6,442 7,248 7,125 7,043 6,910
year-on-year (%) -10.2 -9.9 -8.1 -7.2 -8.2 -13.7 -9.6
RevPAR actual (JPY) 6,741 6,326 6,042 6,795 6,697 6,443 6,509
year-on-year (%) -6.9 -7.6 -5.8 -5.2 -6.2 -10.9 -7.1
Gross Revenue actual (JPY mn) 34 32 30 34 33 33 198
year-on-year (%) -6.2 -6.8 -4.8 -4.4 -5.3 -10.4 -6.4
    (Note) This property was acquired on May 23, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 81.2 83.1 91.8 89.7 88.8 79.6 85.8
year-on-year (points) -11.7 -8.4 -3.2 0.4 -3.3 -14.1 -6.7
ADR actual (JPY) 10,340 10,462 15,851 24,671 14,756 10,402 14,646
year-on-year (%) 14.6 -8.8 -13.9 2.6 -2.2 -11.7 -1.9
RevPAR actual (JPY) 8,398 8,691 14,548 22,134 13,100 8,282 12,559
year-on-year (%) 0.1 -17.1 -16.7 3.1 -5.7 -24.9 -9.0
Gross Revenue actual (JPY mn) 60 56 105 153 93 57 525
year-on-year (%) 0.9 -19.9 -15.4 4.6 -5.7 -23.9 -8.6
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 79.9 93.6 93.1 92.2 95.0 93.8 91.2
year-on-year (points) -10.0 -0.9 1.8 1.7 6.2 9.2 1.3
ADR actual (JPY) 13,047 11,482 10,681 14,001 19,824 10,716 13,293
year-on-year (%) -5.7 -8.7 -16.9 -17.3 -15.2 -20.2 -13.9
RevPAR actual (JPY) 10,430 10,743 9,941 12,915 18,842 10,052 12,129
year-on-year (%) -16.2 -9.5 -15.2 -15.7 -9.3 -11.5 -12.7
Gross Revenue actual (JPY mn) 75 78 68 93 129 71 516
year-on-year (%) -14.9 -8.2 -15.7 -14.6 -9.3 -10.0 -11.9
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 89.6 93.8 88.0 92.2 92.8 90.6 91.1
year-on-year (points) -5.6 0.4 -6.0 -4.3 -2.5 -5.0 -3.9
ADR actual (JPY) 9,015 9,117 12,466 10,368 10,333 7,979 9,888
year-on-year (%) 18.2 4.0 -8.4 5.4 9.7 -5.6 2.7
RevPAR actual (JPY) 8,079 8,549 10,966 9,564 9,590 7,226 9,010
year-on-year (%) 11.3 4.4 -14.2 0.7 6.8 -10.5 -1.5
Gross Revenue actual (JPY mn) 47 53 66 59 59 46 332
year-on-year (%) 13.1 4.1 -12.5 -11.5 8.3 -9.3 -2.9
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 86.9 91.6 94.3 94.2 89.5 84.7 90.2
year-on-year (points) -7.0 -1.5 0.8 0.8 -5.3 -5.8 -3.0
ADR actual (JPY) 9,939 12,449 9,161 9,962 11,029 12,191 10,773
year-on-year (%) -7.2 -6.3 -16.2 -13.6 0.3 -8.5 -8.6
RevPAR actual (JPY) 8,634 11,407 8,642 9,384 9,876 10,326 9,717
year-on-year (%) -14.1 -7.8 -15.4 -12.9 -5.2 -14.4 -11.6
Gross Revenue actual (JPY mn) 53 66 50 63 59 59 351
year-on-year (%) -16.9 -3.7 -15.2 -3.5 -6.5 -11.5 -9.4
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 92.3 92.1 84.7 90.9 88.9 94.4 90.5
year-on-year (points) -2.8 -2.4 -8.5 -4.8 -7.7 -1.8 -4.7
ADR actual (JPY) 14,264 14,758 20,504 16,785 17,013 12,352 15,894
year-on-year (%) 7.8 -1.1 -5.6 -4.2 9.0 -11.4 -1.6
RevPAR actual (JPY) 13,160 13,593 17,373 15,262 15,122 11,661 14,385
year-on-year (%) 4.6 -3.6 -14.2 -9.1 0.3 -13.0 -6.5
Gross Revenue actual (JPY mn) 38 35 50 43 44 32 244
year-on-year (%) 5.3 -6.7 -13.6 -8.0 1.1 -13.2 -6.4
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 89.5 97.1 96.2 95.3 96.0 91.3 94.2
year-on-year (points) -5.9 0.8 1.7 5.9 2.4 3.1 1.3
ADR actual (JPY) 15,537 20,626 13,887 15,947 17,034 18,548 16,956
year-on-year (%) -13.1 -5.2 -21.0 -15.6 -5.9 -11.3 -11.7
RevPAR actual (JPY) 13,905 20,034 13,363 15,193 16,359 16,926 15,975
year-on-year (%) -18.5 -4.5 -19.6 -10.0 -3.5 -8.2 -10.4
Gross Revenue actual (JPY mn) 40 59 36 44 46 49 277
year-on-year (%) -17.8 -3.1 -19.8 -8.9 -2.6 -7.3 -9.6
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 84.6 92.7 93.9 94.1 90.9 90.2 91.1
year-on-year (points) 0.5 2.6 -0.7 0.9 5.9 4.8 2.3
ADR actual (JPY) 11,819 11,847 12,319 13,179 11,935 11,419 12,099
year-on-year (%) -0.7 -1.8 3.6 -3.2 -7.1 -5.4 -2.5
RevPAR actual (JPY) 10,005 10,983 11,573 12,406 10,849 10,301 11,016
year-on-year (%) -0.1 1.0 2.8 -2.3 -0.6 -0.1 0.1
Gross Revenue actual (JPY mn) 57 56 63 65 60 56 360
year-on-year (%) 0.1 -1.8 1.5 -1.8 -0.6 0.0 -0.4
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 89.3 95.2 94.1 95.7 97.8 97.5 94.9
year-on-year (points) -1.7 6.5 5.7 2.8 6.7 4.4 4.0
ADR actual (JPY) 12,369 11,471 10,529 12,396 12,499 12,199 11,917
year-on-year (%) -3.9 -9.8 -13.8 1.1 0.1 -4.3 -5.1
RevPAR actual (JPY) 11,051 10,917 9,904 11,868 12,218 11,897 11,312
year-on-year (%) -5.7 -3.2 -8.3 4.1 7.5 0.2 -0.8
Gross Revenue actual (JPY mn) 61 60 54 64 64 64 370
year-on-year (%) -4.7 -3.3 -7.6 2.6 5.5 -0.3 -1.3
    (Note1) This property was acquired on July 17, 2014.
    (Note2) The name of this property was changed from "Hotel Vista Premio Dojima" as of August 1, 2017.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 94.7 95.7 96.3 96.0 91.6 93.8 94.7
year-on-year (points) -2.5 -0.7 -1.0 -2.2 -5.4 -4.1 -2.7
ADR actual (JPY) 6,184 7,402 7,990 6,987 8,153 7,149 7,309
year-on-year (%) 7.1 5.2 -7.3 -7.4 13.5 7.0 2.3
RevPAR actual (JPY) 5,858 7,081 7,697 6,708 7,470 6,703 6,919
year-on-year (%) 4.4 4.5 -8.2 -9.5 7.2 2.6 -0.4
Gross Revenue actual (JPY mn) 50 56 69 59 64 58 358
year-on-year (%) 6.4 0.9 -7.2 -7.7 6.6 3.9 -0.2
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 97.4 97.3 93.0 93.5 95.2 92.3 94.8
year-on-year (points) -0.5 -0.3 -2.4 -4.2 -2.0 -3.3 -2.1
ADR actual (JPY) 7,795 8,570 7,457 8,410 8,670 8,688 8,267
year-on-year (%) 2.0 21.6 6.8 7.4 13.7 7.2 9.6
RevPAR actual (JPY) 7,589 8,340 6,939 7,862 8,257 8,020 7,837
year-on-year (%) 1.5 21.2 4.1 2.7 11.4 3.4 7.2
Gross Revenue actual (JPY mn) 67 74 57 69 69 71 409
year-on-year (%) 2.0 20.4 1.6 2.6 11.1 3.0 6.7
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 89.2 92.3 89.4 91.9 85.2 89.0 89.4
year-on-year (points) -0.6 -0.4 -3.3 0.5 -6.2 -3.7 -2.3
ADR actual (JPY) 7,871 8,900 10,333 11,472 9,493 7,935 9,345
year-on-year (%) -6.0 -7.2 -14.8 -7.7 -1.1 -11.9 -8.3
RevPAR actual (JPY) 7,022 8,212 9,237 10,545 8,084 7,061 8,358
year-on-year (%) -6.6 -7.6 -17.8 -7.2 -7.8 -15.4 -10.7
Gross Revenue actual (JPY mn) 42 44 55 61 48 40 293
year-on-year (%) -6.2 -10.4 -18.0 -5.4 -7.1 -16.2 -10.8
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 90.6 93.7 87.7 92.0 91.8 89.5 90.9
year-on-year (points) -4.6 -1.6 -1.4 0.7 2.4 2.3 -0.4
ADR actual (JPY) 9,227 10,020 9,033 9,935 10,503 9,060 9,637
year-on-year (%) -13.2 -4.0 -4.6 -13.4 -4.8 -11.5 -8.7
RevPAR actual (JPY) 8,364 9,390 7,924 9,137 9,646 8,104 8,761
year-on-year (%) -17.3 -5.5 -6.2 -12.8 -2.2 -9.1 -9.0
Gross Revenue actual (JPY mn) 50 57 45 55 56 48 312
year-on-year (%) -16.8 -4.4 -5.7 -12.3 -2.1 -10.5 -8.8
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 84.1 85.9 87.7 86.3 78.9 82.6 84.2
year-on-year (points) -5.2 -3.3 -1.9 -6.0 -8.8 -5.9 -5.2
ADR actual (JPY) 6,167 7,028 8,527 8,618 8,725 7,141 7,709
year-on-year (%) -4.6 2.5 0.9 6.3 7.6 5.6 3.2
RevPAR actual (JPY) 5,184 6,037 7,476 7,440 6,888 5,896 6,492
year-on-year (%) -10.2 -1.2 -1.2 -0.7 -3.2 -1.4 -2.8
Gross Revenue actual (JPY mn) 32 33 47 44 41 35 234
year-on-year (%) -10.2 -4.0 0.2 -0.4 -5.2 -0.4 -3.1
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 84.3 90.3 82.1 85.4 88.8 87.1 86.3
year-on-year (points) -5.6 0.3 -6.8 -3.1 4.9 2.0 -1.4
ADR actual (JPY) 8,358 8,821 7,766 8,657 7,683 8,087 8,238
year-on-year (%) 2.7 3.6 9.7 14.8 6.4 -4.0 5.2
RevPAR actual (JPY) 7,044 7,963 6,374 7,396 6,824 7,048 7,114
year-on-year (%) -3.7 4.0 1.3 10.8 12.6 -1.8 3.5
Gross Revenue actual (JPY mn) 43 49 37 45 41 42 259
year-on-year (%) -2.0 4.2 4.0 8.5 15.0 -3.7 3.9
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 84.6 84.1 88.0 94.4 89.3 90.8 88.6
year-on-year (points) -10.5 -9.3 -3.9 1.3 -4.4 -3.6 -5.0
ADR actual (JPY) 6,367 7,623 7,880 8,464 7,433 6,496 7,386
year-on-year (%) -7.4 -4.9 -13.9 -15.1 -5.9 -6.7 -9.2
RevPAR actual (JPY) 5,385 6,414 6,937 7,993 6,639 5,900 6,542
year-on-year (%) -17.6 -14.4 -17.5 -13.8 -10.4 -10.2 -14.1
Gross Revenue actual (JPY mn) 15 16 20 22 19 16 111
year-on-year (%) -16.9 -17.0 -16.7 -13.6 -9.0 -9.1 -13.8
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 93.6 91.9 91.7 94.1 93.4 90.8 92.6
year-on-year (points) 1.2 0.1 -0.9 0.7 2.9 3.6 1.3
ADR actual (JPY) 7,141 6,847 6,471 7,187 7,215 7,375 7,042
year-on-year (%) -7.0 -7.7 -8.5 -11.7 -11.2 -9.8 -9.3
RevPAR actual (JPY) 6,685 6,294 5,933 6,764 6,739 6,697 6,521
year-on-year (%) -5.8 -7.7 -9.4 -11.0 -8.4 -6.1 -8.1
Gross Revenue actual (JPY mn) 19 18 16 19 19 19 113
year-on-year (%) -5.2 -7.5 -8.8 -10.1 -7.4 -5.4 -7.4
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 92.6 95.8 96.2 96.4 95.8 96.3 95.5
year-on-year (points) -0.7 1.6 1.7 3.1 3.6 3.7 2.2
ADR actual (JPY) 7,736 9,255 8,619 7,756 8,688 7,689 8,283
year-on-year (%) 23.7 13.6 11.1 9.3 10.7 2.7 11.5
RevPAR actual (JPY) 7,161 8,863 8,295 7,477 8,324 7,400 7,910
year-on-year (%) 22.7 15.6 13.1 13.0 15.0 6.8 14.1
Gross Revenue actual (JPY mn) 40 44 46 40 46 39 258
year-on-year (%) 24.6 12.0 14.7 13.3 15.4 6.4 14.2
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 96.3 96.7 96.6 96.5 96.6 95.3 96.3
year-on-year (points) 2.7 2.1 4.7 3.2 2.7 0.5 2.6
ADR actual (JPY) 9,130 8,713 9,134 10,022 9,726 9,912 9,439
year-on-year (%) 12.2 4.7 18.3 19.1 7.0 5.7 10.8
RevPAR actual (JPY) 8,791 8,422 8,828 9,674 9,400 9,450 9,094
year-on-year (%) 15.4 7.1 24.4 23.2 10.1 6.2 14.0
Gross Revenue actual (JPY mn) 48 46 46 54 50 53 300
year-on-year (%) 15.4 5.8 22.9 24.2 10.2 8.5 14.2
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 84.5 89.3 93.6 96.1 95.8 87.2 91.1
year-on-year (points) -9.2 -1.3 1.6 4.2 5.9 -1.4 0.0
ADR actual (JPY) 8,396 9,875 10,062 11,205 9,149 8,514 9,559
year-on-year (%) 0.2 -2.5 1.0 -3.7 -5.3 -3.5 -2.0
RevPAR actual (JPY) 7,097 8,817 9,419 10,768 8,763 7,427 8,709
year-on-year (%) -9.6 -3.9 2.8 0.7 1.0 -5.0 -2.0
Gross Revenue actual (JPY mn) 14 15 18 20 17 14 100
year-on-year (%) -8.3 -6.0 3.2 1.4 1.8 -3.8 -1.7
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 92.2 91.9 89.2 93.2 92.0 88.7 91.2
year-on-year (points) 1.1 5.1 1.8 1.9 -0.9 0.3 1.6
ADR actual (JPY) 9,701 9,533 9,184 9,460 9,844 9,977 9,617
year-on-year (%) 0.9 -1.1 -1.8 -4.6 -2.5 -3.7 -2.2
RevPAR actual (JPY) 8,943 8,756 8,188 8,818 9,060 8,853 8,771
year-on-year (%) 2.2 4.8 0.2 -2.6 -3.4 -3.4 -0.5
Gross Revenue actual (JPY mn) 17 17 15 17 17 17 103
year-on-year (%) 2.7 6.2 0.2 -2.2 -2.3 -2.0 0.3
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 84.6 92.8 94.8 96.5 92.7 91.2 92.1
year-on-year (points) -8.9 2.3 4.8 5.7 -1.9 -3.2 -0.2
ADR actual (JPY) 7,019 7,860 8,075 10,120 8,011 6,957 8,036
year-on-year (%) -6.0 -7.5 -14.8 -1.8 1.1 -7.4 -5.6
RevPAR actual (JPY) 5,938 7,294 7,659 9,764 7,422 6,345 7,398
year-on-year (%) -14.9 -5.1 -10.3 4.4 -0.9 -10.6 -5.8
Gross Revenue actual (JPY mn) 13 14 17 21 16 13 98
year-on-year (%) -13.5 -7.4 -9.5 5.4 0.6 -9.4 -5.2
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 90.9 92.7 91.5 94.7 95.2 90.1 92.5
year-on-year (points) -1.2 0.1 0.0 -0.4 3.5 2.2 0.7
ADR actual (JPY) 7,506 7,467 6,824 7,623 7,431 7,777 7,441
year-on-year (%) -6.5 -2.8 -7.3 -6.6 -7.3 -7.2 -6.3
RevPAR actual (JPY) 6,827 6,918 6,246 7,217 7,073 7,007 6,884
year-on-year (%) -7.6 -2.7 -7.2 -7.0 -3.8 -5.0 -5.6
Gross Revenue actual (JPY mn) 15 15 13 16 15 15 92
year-on-year (%) -6.4 -2.2 -6.8 -6.7 -3.4 -4.8 -5.0
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 87.8 96.4 96.1 97.2 92.4 95.9 94.2
year-on-year (points) -6.3 0.6 2.7 3.5 2.6 0.5 0.6
ADR actual (JPY) 8,260 9,667 9,303 11,612 8,922 8,147 9,330
year-on-year (%) -0.4 5.5 -11.7 3.8 -1.4 -5.3 -1.5
RevPAR actual (JPY) 7,252 9,315 8,943 11,281 8,242 7,811 8,791
year-on-year (%) -7.1 6.2 -9.2 7.7 1.5 -4.8 -0.9
Gross Revenue actual (JPY mn) 12 14 15 18 14 13 88
year-on-year (%) -6.6 2.9 -8.0 8.2 2.1 -4.0 -0.7
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 97.0 95.2 92.6 97.2 96.4 93.2 95.3
year-on-year (points) 1.8 -2.5 -5.2 -1.5 -0.3 -2.1 -1.6
ADR actual (JPY) 8,153 7,983 8,050 9,680 9,753 8,756 8,734
year-on-year (%) -7.8 -5.9 -4.6 -0.7 -6.4 -10.3 -5.9
RevPAR actual (JPY) 7,909 7,604 7,455 9,408 9,405 8,160 8,322
year-on-year (%) -6.1 -8.3 -9.6 -2.3 -6.7 -12.2 -7.5
Gross Revenue actual (JPY mn) 13 13 12 16 15 14 84
year-on-year (%) -5.7 -8.2 -9.4 -1.8 -7.0 -12.1 -7.3
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 64.5 80.3 76.8 89.5 78.4 79.8 78.1
year-on-year (points) -8.0 -1.8 -6.9 1.6 -6.3 2.2 -3.3
ADR actual (JPY) 5,096 5,342 5,454 5,809 5,293 4,687 5,295
year-on-year (%) -2.7 -3.2 -1.5 9.9 4.3 -5.0 0.5
RevPAR actual (JPY) 3,285 4,289 4,189 5,199 4,148 3,741 4,136
year-on-year (%) -13.4 -5.4 -9.6 12.0 -3.5 -2.3 -3.5
Gross Revenue actual (JPY mn) 14 16 17 21 17 15 102
year-on-year (%) -14.0 -9.2 -9.7 10.1 -5.2 -3.0 -5.0
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 82.6 73.3 71.1 64.9 74.2 67.0 72.2
year-on-year (points) 5.0 -6.3 0.0 -13.7 -1.4 -8.8 -4.2
ADR actual (JPY) 5,085 5,311 5,211 5,439 5,698 5,452 5,358
year-on-year (%) -3.7 2.5 0.4 -3.3 -0.6 -1.0 -1.1
RevPAR actual (JPY) 4,198 3,891 3,706 3,530 4,228 3,652 3,866
year-on-year (%) 2.4 -5.5 0.3 -20.1 -2.5 -12.4 -6.6
Gross Revenue actual (JPY mn) 17 16 15 14 17 15 97
year-on-year (%) 2.2 -6.5 1.9 -19.0 -2.6 -12.1 -6.3
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 59.7 83.0 76.8 93.5 78.6 68.3 76.5
year-on-year (points) -10.6 4.1 1.2 9.0 7.0 -7.2 0.5
ADR actual (JPY) 5,704 6,152 6,349 6,883 6,469 5,462 6,228
year-on-year (%) -3.5 -3.4 2.5 -0.7 1.0 -5.4 -0.8
RevPAR actual (JPY) 3,406 5,104 4,878 6,436 5,087 3,732 4,765
year-on-year (%) -18.0 1.6 4.2 9.8 10.9 -14.5 -0.2
Gross Revenue actual (JPY mn) 11 15 16 21 17 12 95
year-on-year (%) -16.6 -1.4 4.5 10.7 10.8 -15.7 -0.4
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 73.3 79.7 75.8 83.1 80.4 65.2 76.2
year-on-year (points) -2.7 2.3 0.4 -1.0 -0.4 -12.2 -2.3
ADR actual (JPY) 5,569 5,690 5,584 6,105 6,312 6,159 5,904
year-on-year (%) -2.5 1.2 1.9 1.3 2.6 1.6 0.9
RevPAR actual (JPY) 4,083 4,536 4,235 5,071 5,072 4,015 4,500
year-on-year (%) -5.9 4.1 2.4 0.1 2.1 -14.5 -2.0
Gross Revenue actual (JPY mn) 13 15 14 17 16 13 90
year-on-year (%) -7.3 3.1 1.4 0.2 1.6 -15.0 -2.7
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 89.8 94.9 94.3 96.3 90.4 91.5 92.8
year-on-year (points) -3.4 1.4 -0.9 0.5 -5.3 -3.9 -2.0
ADR actual (JPY) 9,947 10,781 12,768 13,353 11,462 9,841 11,391
year-on-year (%) -6.8 -5.4 -6.6 -1.3 5.2 -6.0 -3.3
RevPAR actual (JPY) 8,932 10,231 12,038 12,863 10,356 9,006 10,573
year-on-year (%) -10.2 -4.0 -7.5 -0.7 -0.7 -9.8 -5.3
Gross Revenue actual (JPY mn) 30 32 41 43 35 30 213
year-on-year (%) -9.8 -6.6 -7.2 -0.4 0.1 -9.3 -5.3
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 91.6 94.3 92.2 94.1 90.7 90.1 92.2
year-on-year (points) -4.3 -1.4 -2.5 -2.4 -4.8 -0.4 -2.6
ADR actual (JPY) 11,999 13,199 11,013 11,230 12,402 11,884 11,959
year-on-year (%) -7.0 2.8 4.4 -3.7 7.4 -7.4 -0.9
RevPAR actual (JPY) 10,996 12,452 10,152 10,565 11,252 10,703 11,023
year-on-year (%) -11.1 1.3 1.6 -6.1 1.9 -7.8 -3.6
Gross Revenue actual (JPY mn) 38 42 34 36 37 36 226
year-on-year (%) -10.7 1.3 2.2 -5.5 1.9 -7.9 -3.4
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 87.0 92.0 88.4 93.3 91.3 88.9 90.1
year-on-year (points) -0.6 2.6 -0.3 6.5 1.9 2.1 2.0
ADR actual (JPY) 6,574 7,162 7,637 9,269 7,507 6,448 7,449
year-on-year (%) 5.2 -1.7 -5.7 -5.5 -0.5 -6.6 -2.5
RevPAR actual (JPY) 5,722 6,590 6,750 8,646 6,855 5,733 6,713
year-on-year (%) 4.5 1.2 -6.0 1.6 1.7 -4.4 -0.3
Gross Revenue actual (JPY mn) 10 11 12 15 12 10 73
year-on-year (%) 3.9 -1.5 -4.7 2.2 1.7 -2.5 -0.1
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 93.0 93.4 88.1 91.3 92.3 84.5 90.4
year-on-year (points) 9.4 7.8 1.4 2.8 6.5 1.3 4.9
ADR actual (JPY) 6,873 6,986 6,669 7,279 7,347 7,532 7,112
year-on-year (%) -7.9 -6.4 -6.2 -7.5 -5.3 -10.0 -7.3
RevPAR actual (JPY) 6,393 6,523 5,873 6,647 6,781 6,361 6,431
year-on-year (%) 2.4 2.1 -4.7 -4.6 1.9 -8.5 -2.0
Gross Revenue actual (JPY mn) 11 12 10 12 12 12 72
year-on-year (%) 2.0 1.6 -5.2 -3.6 2.9 -6.1 -1.5
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 76.3 89.8 92.3 92.2 86.5 89.5 87.7
year-on-year (points) -3.3 3.5 12.2 0.9 -2.7 -1.5 1.5
ADR actual (JPY) 5,624 6,097 6,068 6,783 5,864 5,563 6,011
year-on-year (%) -5.4 -6.7 -18.4 -8.1 -5.9 -6.3 -8.6
RevPAR actual (JPY) 4,289 5,477 5,601 6,256 5,073 4,978 5,272
year-on-year (%) -9.3 -2.9 -5.9 -7.3 -8.8 -7.8 -7.0
Gross Revenue actual (JPY mn) 5 6 6 7 6 6 38
year-on-year (%) -7.8 -4.9 -4.8 -5.3 -8.9 -6.0 -6.2
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 94.8 91.2 87.9 89.7 88.9 68.8 86.9
year-on-year (points) 7.0 6.9 -0.9 -1.1 1.4 -12.0 0.2
ADR actual (JPY) 5,792 5,336 5,325 5,401 5,573 5,833 5,535
year-on-year (%) -7.7 -13.1 -11.9 -14.7 -14.2 -4.3 -11.2
RevPAR actual (JPY) 5,490 4,868 4,678 4,847 4,954 4,014 4,809
year-on-year (%) -0.3 -6.1 -12.9 -15.7 -12.9 -18.5 -11.0
Gross Revenue actual (JPY mn) 6 6 5 6 5 4 35
year-on-year (%) 0.5 -4.0 -10.8 -14.3 -11.7 -17.4 -9.6
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 85.2 89.9 95.5 90.8 82.3 82.6 87.7
year-on-year (points) 0.0 2.2 7.9 -2.1 -5.9 -8.9 -1.1
ADR actual (JPY) 5,040 5,906 5,649 6,513 5,493 5,470 5,684
year-on-year (%) -5.0 -4.2 -16.8 -2.0 -7.9 -0.7 -6.3
RevPAR actual (JPY) 4,294 5,312 5,392 5,911 4,518 4,517 4,983
year-on-year (%) -5.0 -1.8 -9.2 -4.3 -14.0 -10.4 -7.5
Gross Revenue actual (JPY mn) 3 3 3 4 3 3 20
year-on-year (%) -3.1 -4.7 -6.5 -2.4 -14.5 -9.5 -6.7
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 95.9 90.6 90.2 90.5 88.5 90.2 91.0
year-on-year (points) 8.1 4.5 -5.5 -3.8 -5.5 3.4 0.3
ADR actual (JPY) 5,707 5,085 5,211 5,312 5,396 5,295 5,338
year-on-year (%) -1.4 -3.8 1.6 -4.4 -6.6 -6.4 -3.5
RevPAR actual (JPY) 5,472 4,607 4,698 4,806 4,775 4,775 4,857
year-on-year (%) 7.7 1.2 -4.2 -8.2 -12.1 -2.8 -3.2
Gross Revenue actual (JPY mn) 3 3 3 3 3 3 20
year-on-year (%) 9.5 1.5 -4.1 -9.4 -13.2 -3.3 -3.3
    (Note) This property was acquired on July 17, 2014.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 88.4 96.4 96.5 94.4 89.1 88.9 92.2
year-on-year (points) 0.5 -2.5 -0.1 1.9 -0.7 -4.3 -0.9
ADR actual (JPY) 5,914 6,947 7,370 7,559 7,555 6,818 7,037
year-on-year (%) -0.2 5.9 -3.3 -4.3 -1.6 6.2 0.2
RevPAR actual (JPY) 5,228 6,697 7,112 7,136 6,732 6,061 6,490
year-on-year (%) 0.3 3.2 -3.4 -2.4 -2.3 1.3 -0.8
Gross Revenue actual (JPY mn) 73 87 103 100 97 85 548
year-on-year (%) -4.9 -1.2 -3.7 1.0 -2.3 1.0 -1.6
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 88.8 94.1 84.2 82.8 75.6 86.8 85.4
year-on-year (points) -8.7 -0.2 -9.5 -11.1 -18.7 -9.3 -9.0
ADR actual (JPY) 6,939 7,356 7,111 7,923 7,203 7,418 7,325
year-on-year (%) -8.0 -8.3 -8.6 1.3 2.3 -8.6 -6.1
RevPAR actual (JPY) 6,162 6,922 5,987 6,560 5,445 6,439 6,258
year-on-year (%) -16.2 -8.5 -17.9 -10.6 -18.0 -17.4 -15.0
Gross Revenue actual (JPY mn) 90 100 84 95 76 93 541
year-on-year (%) -15.7 -8.2 -17.3 -10.7 -17.8 -16.8 -14.3
    (Note) This property was acquired on Februay 6, 2015.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 60.5 76.1 68.0 69.1 84.1 87.6 74.2
year-on-year (points) -3.5 -3.6 -11.1 -4.4 -4.9 -5.0 -5.5
ADR actual (JPY) 6,969 6,864 7,511 7,702 9,464 8,771 7,988
year-on-year (%) 18.2 19.5 15.7 -1.8 13.0 7.8 11.4
RevPAR actual (JPY) 4,218 5,223 5,108 5,323 7,963 7,687 5,925
year-on-year (%) 11.8 14.1 -0.6 -7.7 6.8 2.0 3.8
Gross Revenue actual (JPY mn) 29 33 35 35 54 50 240
year-on-year (%) 9.4 8.7 -1.8 -7.3 7.7 1.2 2.7
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 91.6 93.6 89.7 83.0 72.7 77.0 84.6
year-on-year (points) 0.1 -0.7 -4.3 -6.6 -0.1 -2.6 -2.4
ADR actual (JPY) 9,450 10,692 9,235 8,664 7,125 6,876 8,794
year-on-year (%) -1.9 1.1 -0.9 0.4 -4.9 -1.4 -0.9
RevPAR actual (JPY) 8,656 10,007 8,281 7,195 5,178 5,295 7,443
year-on-year (%) -1.7 0.3 -5.4 -6.9 -5.0 -4.6 -3.6
Gross Revenue actual (JPY mn) 58 67 54 49 35 36 301
year-on-year (%) -2.6 0.9 -5.0 -7.3 -3.6 -5.6 -3.6
    (Note) This property was acquired on Februay 6, 2015.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 78.6 88.6 86.1 93.6 92.1 87.6 87.7
year-on-year (points) 4.8 7.3 7.8 -0.2 1.4 2.4 3.9
ADR actual (JPY) 6,188 7,090 7,279 8,295 6,923 6,546 7,076
year-on-year (%) -3.9 -7.4 -7.2 5.2 -3.5 -1.8 -2.9
RevPAR actual (JPY) 4,864 6,279 6,267 7,762 6,375 5,733 6,206
year-on-year (%) 2.4 0.9 2.0 4.9 -2.0 0.9 1.6
Gross Revenue actual (JPY mn) 13 15 16 20 17 15 98
year-on-year (%) 3.0 -1.6 2.9 5.2 -0.1 3.1 2.2
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 84.9 77.0 71.8 89.3 82.9 75.8 80.3
year-on-year (points) -4.7 -5.6 -10.8 1.9 3.7 2.0 -2.2
ADR actual (JPY) 6,824 6,732 6,557 7,235 7,367 7,273 7,010
year-on-year (%) -1.8 -3.8 -2.9 2.8 -0.4 2.3 -0.4
RevPAR actual (JPY) 5,794 5,183 4,709 6,460 6,104 5,516 5,630
year-on-year (%) -6.9 -10.3 -15.5 5.0 4.3 5.1 -3.0
Gross Revenue actual (JPY mn) 15 14 12 17 15 14 90
year-on-year (%) -6.1 -9.8 -14.7 4.5 4.2 4.9 -2.8
    (Note) This property was acquired on Februay 6, 2015.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 94.6 96.5 96.2 97.3 95.3 96.3 96.0
year-on-year (points) -0.6 1.3 0.9 5.2 1.0 1.9 1.6
ADR actual (JPY) 9,798 11,109 11,426 13,571 11,246 10,060 11,205
year-on-year (%) 1.1 -2.6 -8.2 3.1 6.1 -1.7 -0.3
RevPAR actual (JPY) 9,266 10,722 10,990 13,210 10,719 9,692 10,759
year-on-year (%) 0.5 -1.2 -7.4 8.8 7.2 0.2 1.3
Gross Revenue actual (JPY mn) 51 53 61 72 57 52 349
year-on-year (%) 0.8 -3.9 -7.4 12.8 5.7 0.4 1.4
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 95.1 94.9 92.0 95.6 95.1 92.4 94.2
year-on-year (points) -0.9 -1.7 -4.6 -2.1 -1.5 -3.1 -2.3
ADR actual (JPY) 11,140 11,462 10,955 11,996 11,233 11,164 11,331
year-on-year (%) 3.4 7.9 5.3 6.1 -5.4 -2.8 2.3
RevPAR actual (JPY) 10,597 10,874 10,077 11,469 10,686 10,317 10,673
year-on-year (%) 2.5 6.0 0.3 3.8 -6.9 -6.0 -0.2
Gross Revenue actual (JPY mn) 59 61 53 64 57 58 354
year-on-year (%) 5.1 7.9 0.0 4.3 -5.7 -4.2 1.1
    (Note) This property was acquired on July 16, 2015.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 72.9 84.6 89.5 95.6 85.0 87.7 85.8
year-on-year (points) 0.4 -4.8 4.7 7.6 -0.2 -4.7 0.6
ADR actual (JPY) 5,881 6,155 6,281 7,163 6,177 5,655 6,243
year-on-year (%) -1.2 2.5 -7.6 -1.7 -5.4 -3.6 -2.7
RevPAR actual (JPY) 4,287 5,207 5,624 6,847 5,247 4,962 5,359
year-on-year (%) -0.6 -3.0 -2.5 6.7 -5.6 -8.5 -2.0
Gross Revenue actual (JPY mn) 37 41 49 57 46 42 275
year-on-year (%) -0.7 -6.8 -1.5 7.0 -4.8 -7.6 -2.2
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 91.2 89.0 89.5 94.0 95.2 89.6 91.4
year-on-year (points) -0.8 -2.4 0.1 5.4 9.2 5.9 2.9
ADR actual (JPY) 5,866 5,891 5,707 6,084 6,059 6,231 5,976
year-on-year (%) -2.5 -2.1 -5.7 -7.0 -9.4 -8.2 -5.8
RevPAR actual (JPY) 5,353 5,245 5,107 5,720 5,767 5,580 5,462
year-on-year (%) -3.3 -4.7 -5.6 -1.4 0.2 -1.7 -2.7
Gross Revenue actual (JPY mn) 47 46 43 50 49 49 286
year-on-year (%) -2.0 -4.2 -4.6 -0.2 1.0 -1.6 -1.9
    (Note 1) This property was acquired on July 16, 2015.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 87.8 93.6 96.5 96.6 94.8 95.6 94.1
year-on-year (points) -7.6 1.2 4.3 3.0 -0.5 -0.5 0.0
ADR actual (JPY) 8,999 10,124 10,443 13,070 10,238 8,767 10,293
year-on-year (%) -8.0 -7.9 -13.4 0.9 3.4 -4.6 -4.6
RevPAR actual (JPY) 7,898 9,479 10,078 12,625 9,710 8,381 9,690
year-on-year (%) -15.4 -6.6 -9.3 4.2 2.8 -5.1 -4.6
Gross Revenue actual (JPY mn) 24 26 30 37 29 24 173
year-on-year (%) -15.4 -9.2 -9.0 3.9 2.9 -5.0 -5.1
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 93.7 92.9 94.4 94.8 95.3 92.3 93.9
year-on-year (points) -0.8 -1.7 -1.6 -2.0 -0.3 0.7 -1.0
ADR actual (JPY) 9,636 9,354 8,775 10,107 10,127 10,371 9,731
year-on-year (%) -2.7 0.6 -0.7 -1.7 -3.0 -6.1 -2.3
RevPAR actual (JPY) 9,030 8,691 8,286 9,579 9,653 9,567 9,136
year-on-year (%) -3.6 -1.2 -2.4 -3.7 -3.3 -5.4 -3.3
Gross Revenue actual (JPY mn) 27 26 24 29 28 29 165
year-on-year (%) -3.0 -1.8 -2.4 -4.1 -3.1 -5.7 -3.4
    (Note) This property was acquired on July 16, 2015.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 81.3 88.8 89.2 95.7 87.9 93.4 89.3
year-on-year (points) 0.4 -4.2 -1.2 4.9 -0.1 1.6 0.2
ADR actual (JPY) 5,907 6,362 6,869 7,434 6,055 5,502 6,367
year-on-year (%) 0.9 2.4 -2.1 1.0 -4.3 -7.1 -1.4
RevPAR actual (JPY) 4,800 5,649 6,125 7,116 5,320 5,139 5,687
year-on-year (%) 1.4 -2.3 -3.4 6.4 -4.4 -5.6 -1.2
Gross Revenue actual (JPY mn) 27 29 34 39 30 29 190
year-on-year (%) 0.2 -5.1 -3.3 6.3 -3.8 -4.4 -1.5
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 95.8 91.5 91.7 95.1 95.0 92.5 93.6
year-on-year (points) 1.9 -1.0 -0.6 1.6 6.4 4.4 2.1
ADR actual (JPY) 5,599 5,910 5,849 6,501 6,634 6,579 6,179
year-on-year (%) -5.6 -5.8 -9.8 -3.4 -7.9 -11.7 -7.3
RevPAR actual (JPY) 5,363 5,407 5,364 6,181 6,305 6,084 5,783
year-on-year (%) -3.7 -6.8 -10.3 -1.8 -1.3 -7.3 -5.2
Gross Revenue actual (JPY mn) 31 31 29 35 34 34 197
year-on-year (%) -2.0 -5.2 -9.2 -0.6 -0.5 -6.0 -3.9
    (Note) This property was acquired on July 16, 2015.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 74.5 86.3 89.7 80.0 83.9 76.0 81.7
year-on-year (points) 6.4 5.3 2.0 2.0 8.3 -3.2 3.5
ADR actual (JPY) 6,202 6,426 7,403 6,552 7,320 6,029 6,691
year-on-year (%) -0.9 3.6 4.3 2.1 5.6 1.2 3.0
RevPAR actual (JPY) 4,621 5,543 6,639 5,243 6,140 4,580 5,466
year-on-year (%) 8.4 10.3 6.7 4.6 17.2 -3.0 7.5
Gross Revenue actual (JPY mn) 23 25 33 26 31 22 161
year-on-year (%) 4.2 5.7 6.8 4.2 17.1 -4.7 5.8
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 82.7 92.9 85.1 79.5 79.2 78.4 83.0
year-on-year (points) -5.8 -2.4 2.1 -1.6 -3.7 -1.6 -2.0
ADR actual (JPY) 6,796 7,966 6,505 6,575 6,994 6,621 6,935
year-on-year (%) 3.1 5.9 2.5 -3.9 4.3 4.4 2.9
RevPAR actual (JPY) 5,618 7,398 5,535 5,224 5,540 5,191 5,753
year-on-year (%) -3.7 3.1 5.1 -5.7 -0.3 2.3 0.4
Gross Revenue actual (JPY mn) 28 38 26 26 27 26 173
year-on-year (%) -5.0 4.0 5.1 -5.9 1.7 1.9 0.3
    (Note) 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.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 82.2 89.9 91.0 92.1 86.5 85.8 87.9
year-on-year (points) 0.3 4.5 3.9 10.5 2.2 1.6 3.8
ADR actual (JPY) 5,145 5,706 5,905 7,027 5,584 5,105 5,763
year-on-year (%) 1.3 -1.0 -5.1 -4.1 -0.4 -8.2 -2.7
RevPAR actual (JPY) 4,229 5,132 5,374 6,473 4,831 4,378 5,065
year-on-year (%) 1.7 4.2 -0.9 8.2 2.2 -6.5 1.7
Gross Revenue actual (JPY mn) 11 12 14 17 13 11 82
year-on-year (%) 2.4 1.2 -0.2 8.6 4.2 -4.4 2.2
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 87.2 90.0 89.9 95.7 90.8 92.4 91.0
year-on-year (points) -3.4 3.3 4.7 3.3 0.3 8.7 2.8
ADR actual (JPY) 5,405 5,556 4,954 5,091 5,141 5,289 5,239
year-on-year (%) -7.9 -1.6 -7.4 -12.0 -10.3 -15.1 -9.2
RevPAR actual (JPY) 4,715 5,000 4,453 4,873 4,668 4,889 4,769
year-on-year (%) -11.4 2.1 -2.2 -8.9 -10.0 -6.3 -6.3
Gross Revenue actual (JPY mn) 13 14 12 13 13 13 80
year-on-year (%) -9.5 4.2 -0.6 -5.8 -5.7 -3.4 -3.6
    (Note) This property was acquired on July 16, 2015.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 94.6 98.1 98.1 98.6 96.9 96.9 97.2
year-on-year (points) 2.4 4.8 3.2 5.6 6.6 3.2 4.3
ADR actual (JPY) 6,698 6,855 7,273 6,863 8,312 6,838 7,148
year-on-year (%) 9.6 4.5 1.9 -0.3 16.3 3.5 6.0
RevPAR actual (JPY) 6,339 6,724 7,135 6,766 8,056 6,626 6,947
year-on-year (%) 12.5 9.9 5.3 5.7 24.8 7.0 10.9
Gross Revenue actual (JPY mn) 39 34 57 42 36 47 257
year-on-year (%) 9.1 -11.9 22.3 26.5 -6.2 2.4 6.9
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 96.9 99.2 97.6 95.6 97.9 96.4 97.2
year-on-year (points) 3.8 4.7 4.9 -2.6 -0.6 -1.0 1.5
ADR actual (JPY) 7,105 8,018 8,073 10,020 10,563 7,148 8,477
year-on-year (%) 5.1 15.4 16.3 24.9 38.0 1.8 17.2
RevPAR actual (JPY) 6,888 7,953 7,876 9,574 10,339 6,889 8,244
year-on-year (%) 9.3 21.1 22.5 21.6 37.1 0.8 19.1
Gross Revenue actual (JPY mn) 37 38 46 55 61 44 283
year-on-year (%) 16.7 22.2 32.9 2.6 31.5 0.1 16.4
    (Note) This property was acquired on July 16, 2015.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 73.7 81.8 85.7 95.1 90.1 93.1 86.6
year-on-year (points) 11.6 -1.1 0.9 7.0 2.1 15.6 6.0
ADR actual (JPY) 4,925 5,386 5,373 5,993 5,528 5,125 5,406
year-on-year (%) -9.8 -5.3 -4.7 2.1 -1.2 -4.3 -3.7
RevPAR actual (JPY) 3,632 4,403 4,604 5,697 4,979 4,773 4,680
year-on-year (%) 7.0 -6.6 -3.7 10.2 1.1 14.9 3.6
Gross Revenue actual (JPY mn) 7 8 9 11 10 9 57
year-on-year (%) 6.7 -10.5 -3.5 10.4 1.2 15.2 3.0
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 93.3 93.5 90.3 87.9 85.7 69.3 86.7
year-on-year (points) 8.7 6.3 19.8 -1.8 -1.9 4.3 5.9
ADR actual (JPY) 5,144 5,302 5,225 5,482 5,669 5,732 5,408
year-on-year (%) -7.3 -5.2 -7.1 1.6 -1.8 -4.6 -4.1
RevPAR actual (JPY) 4,802 4,960 4,718 4,819 4,857 3,972 4,687
year-on-year (%) 2.3 1.7 19.0 -0.4 -4.0 1.7 2.8
Gross Revenue actual (JPY mn) 10 10 9 10 9 8 58
year-on-year (%) 3.7 1.5 20.1 -1.3 -5.0 0.6 2.7
    (Note) 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.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 60.1 83.3 89.5 97.4 77.1 82.0 81.4
year-on-year (points) 2.9 -3.5 4.2 3.7 -14.2 3.2 -0.6
ADR actual (JPY) 4,547 4,924 4,914 5,338 5,231 4,786 4,983
year-on-year (%) -11.0 -1.5 -5.1 1.3 3.8 -3.1 -2.2
RevPAR actual (JPY) 2,733 4,102 4,398 5,198 4,033 3,927 4,059
year-on-year (%) -6.5 -5.5 -0.4 5.3 -12.3 0.9 -2.9
Gross Revenue actual (JPY mn) 5 7 8 10 8 7 48
year-on-year (%) -7.3 -9.7 -0.1 4.9 -13.9 0.7 -4.1
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 91.5 88.4 93.6 93.5 86.7 78.8 88.7
year-on-year (points) 9.2 1.2 5.9 -2.7 -6.2 4.4 2.0
ADR actual (JPY) 4,989 4,785 4,801 5,153 5,246 4,978 4,991
year-on-year (%) -1.4 -2.5 3.9 8.7 8.7 -3.6 2.3
RevPAR actual (JPY) 4,564 4,233 4,494 4,817 4,547 3,921 4,428
year-on-year (%) 9.5 -1.1 10.9 5.7 1.4 2.1 4.7
Gross Revenue actual (JPY mn) 9 8 8 9 8 7 54
year-on-year (%) 10.6 -0.4 10.5 3.8 -0.8 2.0 4.2
    (Note) This property was acquired on July 16, 2015.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 68.3 87.0 87.8 94.7 91.1 85.1 85.6
year-on-year (points) -9.0 0.1 7.5 -0.2 -1.1 1.0 -0.3
ADR actual (JPY) 5,182 5,447 5,277 5,693 5,352 4,830 5,307
year-on-year (%) 3.6 0.8 -1.7 3.2 2.8 -3.1 1.0
RevPAR actual (JPY) 3,538 4,742 4,635 5,393 4,875 4,112 4,544
year-on-year (%) -8.4 0.9 7.5 3.0 1.6 -1.9 0.7
Gross Revenue actual (JPY mn) 24 29 32 36 33 28 184
year-on-year (%) -7.2 -1.3 9.3 3.3 1.7 -0.2 1.1
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 85.5 82.4 70.7 80.8 84.7 81.1 80.9
year-on-year (points) -5.1 0.6 -4.0 -4.3 2.6 0.6 -1.6
ADR actual (JPY) 5,159 5,071 5,262 5,333 5,362 5,249 5,237
year-on-year (%) 5.0 -1.2 1.5 -3.6 0.6 -2.9 -0.2
RevPAR actual (JPY) 4,410 4,181 3,720 4,310 4,539 4,255 4,237
year-on-year (%) -0.9 -0.5 -3.9 -8.5 3.7 -2.1 -2.1
Gross Revenue actual (JPY mn) 30 29 24 29 30 29 174
year-on-year (%) -1.8 -0.1 -3.8 -9.8 2.5 -1.7 -2.6
    (Note) 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.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 95.1 96.8 97.7 96.7 95.8 96.8 96.5
year-on-year (points) - 5.3 8.9 11.2 -0.2 0.8 -
ADR actual (JPY) 12,733 12,960 14,755 17,115 13,673 11,762 13,845
year-on-year (%) - -14.0 -18.2 -5.0 0.8 -14.5 -
RevPAR actual (JPY) 12,109 12,549 14,411 16,545 13,102 11,385 13,357
year-on-year (%) - -9.0 -10.0 7.4 0.5 -13.8 -
Gross Revenue actual (JPY mn) 21 20 25 27 22 19 136
year-on-year (%) - -11.4 -9.5 7.7 0.6 -13.1 -
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 97.1 96.8 95.9 98.0 98.0 96.0 97.0
year-on-year (points) 0.7 -2.5 1.1 2.6 1.1 0.2 0.5
ADR actual (JPY) 13,523 13,968 12,691 14,787 15,787 14,889 14,280
year-on-year (%) -16.2 -6.0 -3.9 -4.5 -0.8 -5.1 -6.2
RevPAR actual (JPY) 13,127 13,517 12,166 14,495 15,475 14,293 13,846
year-on-year (%) -15.6 -8.4 -2.8 -1.8 0.4 -5.0 -5.7
Gross Revenue actual (JPY mn) 22 23 20 25 26 25 143
year-on-year (%) -14.8 -7.7 -2.8 -1.7 0.5 -4.4 -5.3
    (Note 1) This property was acquired on January 22, 2016.
    (Note 2) Comparison for year-on-year is not made if the days of operation for the same period in the previous year are less than one month.
    (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.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 93.1 96.1 94.5 97.4 95.0 96.2 95.3
year-on-year (points) - - - 1.2 -0.4 0.7 -
ADR actual (JPY) 9,271 11,128 10,966 12,490 10,301 9,470 10,603
year-on-year (%) - - - 3.5 1.1 1.5 -
RevPAR actual (JPY) 8,629 10,692 10,358 12,170 9,785 9,108 10,109
year-on-year (%) - - - 4.8 0.6 2.2 -
Gross Revenue actual (JPY mn) 99 110 120 133 110 101 676
year-on-year (%) - - - 11.6 -5.5 3.1 -
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 95.2 93.1 95.2 97.0 94.5 96.2 95.2
year-on-year (points) 0.9 -2.6 -0.8 1.2 -3.0 -0.8 -0.8
ADR actual (JPY) 10,029 9,977 9,903 10,625 11,249 10,772 10,454
year-on-year (%) -3.5 2.3 -0.6 0.2 4.5 3.1 1.3
RevPAR actual (JPY) 9,548 9,290 9,424 10,309 10,625 10,357 9,952
year-on-year (%) -2.5 -0.5 -1.5 1.5 1.3 2.2 0.4
Gross Revenue actual (JPY mn) 110 105 104 118 134 136 710
year-on-year (%) -0.3 0.6 -1.9 2.4 14.1 16.4 5.5
    (Note 1) This property was acquired on March 31, 2016. The number of rooms increased due to conversion from a locker room(1 room) and the additional acquisition (49 rooms) on October 31, 2017. The figures for October 2017 include one day of performance (October 31, 2017) for the additional 50 rooms.
    (Note 2) Comparison for year-on-year is not made if the days of operation for the same period in the previous year are less than one month.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 66.0 63.5 88.3 85.2 76.9 77.6 76.5
year-on-year (points) - - - 1.0 -8.8 -1.1 -
ADR actual (JPY) 21,584 16,737 20,176 19,590 24,296 18,572 20,262
year-on-year (%) - - - 5.0 13.6 5.5 -
RevPAR actual (JPY) 14,254 10,625 17,818 16,685 18,684 14,410 15,504
year-on-year (%) - - - 6.2 1.9 4.0 -
Gross Revenue actual (JPY mn) 387 323 515 476 514 464 2,681
year-on-year (%) - - - 4.6 1.7 6.0 -
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 94.8 100.0 99.3 93.8 94.2 77.5 93.0
year-on-year (points) 1.2 0.0 1.9 -2.2 0.4 1.5 0.3
ADR actual (JPY) 27,653 46,160 22,515 22,500 21,324 22,990 27,596
year-on-year (%) 6.4 9.3 7.6 5.9 13.2 10.4 8.8
RevPAR actual (JPY) 26,217 46,160 22,357 21,106 20,088 17,813 25,671
year-on-year (%) 7.8 9.3 9.7 3.5 13.7 12.7 9.1
Gross Revenue actual (JPY mn) 616 837 577 615 597 492 3,736
year-on-year (%) 5.1 6.8 5.8 1.8 13.6 7.6 6.6
    (Note 1) This property was acquired on March 31, 2016.
    (Note 2) Comparison for year-on-year is not made if the days of operation for the same period in the previous year are less than one month.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 94.7 97.9 96.9 96.6 97.2 96.3 96.6
year-on-year (points) - - - 1.1 1.6 1.2 -
ADR actual (JPY) 7,705 8,877 8,942 8,008 8,879 7,999 8,403
year-on-year (%) - - - 8.1 14.2 4.3 -
RevPAR actual (JPY) 7,296 8,691 8,665 7,734 8,630 7,699 8,114
year-on-year (%) - - - 9.3 16.1 5.6 -
Gross Revenue actual (JPY mn) 50 53 60 52 59 51 327
year-on-year (%) - - - -0.3 16.8 3.0 -
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 97.0 95.5 94.4 96.1 93.7 95.1 95.3
year-on-year (points) 1.3 -0.7 -0.7 1.0 -2.3 0.4 -0.1
ADR actual (JPY) 9,373 8,785 9,365 10,386 10,310 10,962 9,862
year-on-year (%) 15.1 7.1 21.6 27.4 12.9 16.2 16.6
RevPAR actual (JPY) 9,093 8,391 8,844 9,976 9,664 10,424 9,400
year-on-year (%) 16.7 6.3 20.7 28.8 10.2 16.7 16.4
Gross Revenue actual (JPY mn) 62 58 58 69 64 72 386
year-on-year (%) 18.2 8.6 19.5 29.3 10.0 18.3 17.2
    (Note 1) This property was acquired on March 31, 2016.
    (Note 2) Comparison for year-on-year is not made if the days of operation for the same period in the previous year are less than one month.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 89.3 95.7 96.1 96.8 95.7 92.6 94.3
year-on-year (points) - - - 0.9 3.6 0.4 -
ADR actual (JPY) 9,581 10,853 11,328 13,798 10,908 10,224 11,138
year-on-year (%) - - - -0.6 -6.3 -4.3 -
RevPAR actual (JPY) 8,554 10,392 10,883 13,355 10,443 9,468 10,508
year-on-year (%) - - - 0.4 -2.6 -3.9 -
Gross Revenue actual (JPY mn) 28 30 35 42 34 30 201
year-on-year (%) - - - 0.5 -2.2 -3.7 -
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 96.3 96.3 94.1 96.9 96.7 96.8 96.2
year-on-year (points) 4.7 0.9 -2.7 1.1 -0.9 0.1 0.6
ADR actual (JPY) 10,947 10,119 10,343 11,503 11,269 10,859 10,843
year-on-year (%) -3.2 -3.8 -0.8 -0.2 -1.7 -0.8 -1.7
RevPAR actual (JPY) 10,537 9,743 9,732 11,146 10,894 10,512 10,429
year-on-year (%) 1.8 -2.9 -3.5 1.0 -2.6 -0.7 -1.1
Gross Revenue actual (JPY mn) 34 31 30 36 34 34 203
year-on-year (%) 2.0 -2.6 -3.3 1.4 -2.2 -0.3 -0.8
    (Note 1) This property was acquired on March 31, 2016.
    (Note 2) Comparison for year-on-year is not made if the days of operation for the same period in the previous year are less than one month.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/01～06
Occupancy Rate actual (%) 86.5 86.4 91.3 89.2 91.2 89.2 89.0
year-on-year (points) - - - - - - -
ADR actual (JPY) 7,918 9,173 12,097 12,307 13,744 9,748 10,896
year-on-year (%) - - - - - - -
RevPAR actual (JPY) 6,848 7,925 11,045 10,972 12,541 8,692 9,697
year-on-year (%) - - - - - - -
Gross Revenue actual (JPY mn) 61 64 98 92 107 73 497
year-on-year (%) - - - - - - -
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 90.4 92.9 92.3 93.6 95.8 89.9 92.5
year-on-year (points) -5.4 -1.6 -2.9 -0.8 3.6 -1.1 -1.4
ADR actual (JPY) 11,420 14,233 12,592 13,224 13,910 10,690 12,696
year-on-year (%) 7.7 18.3 6.3 0.9 13.1 10.1 9.4
RevPAR actual (JPY) 10,322 13,228 11,628 12,383 13,321 9,613 11,741
year-on-year (%) 1.6 16.3 3.0 0.1 17.5 8.8 7.8
Gross Revenue actual (JPY mn) 90 114 95 107 108 82 598
year-on-year (%) -2.6 16.3 3.1 0.5 16.9 7.6 6.9
    (Note 1) This property was acquired on June 15, 2016.
    (Note 2) Comparison for year-on-year is not made if the days of operation for the same period in the previous year are less than one month.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/05～06
Occupancy Rate actual (%) - - - - 83.6 86.3 85.7
year-on-year (points) - - - - - - -
ADR actual (JPY) - - - - 14,150 15,819 15,641
year-on-year (%) - - - - - - -
RevPAR actual (JPY) - - - - 11,831 13,657 13,409
year-on-year (%) - - - - - - -
Gross Revenue actual (JPY mn) - - - - 4 53 58
year-on-year (%) - - - - - - -
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/07～12
Occupancy Rate actual (%) 90.3 91.0 89.4 92.7 92.7 89.5 90.9
year-on-year (points) - - - - - - -
ADR actual (JPY) 17,765 18,611 15,364 18,070 17,340 19,880 17,855
year-on-year (%) - - - - - - -
RevPAR actual (JPY) 16,041 16,935 13,743 16,749 16,078 17,790 16,237
year-on-year (%) - - - - - - -
Gross Revenue actual (JPY mn) 65 68 55 67 63 71 392
year-on-year (%) - - - - - - -
    (Note 1) This property was acquired on May 29, 2017. Therefore the figures for May 2017 are the results of 3 days of operation from May 29, 2017 to May 31, 2017.
    (Note 2) Comparison for year-on-year is not made if the days of operation for the same period in the previous year are less than one month.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/05～06
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 (%) - - - - - - -
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/10～12
Occupancy Rate actual (%) - - - 96.6 97.3 97.8 97.3
year-on-year (points) - - - - - - -
ADR actual (JPY) - - - 8,776 9,682 8,645 9,065
year-on-year (%) - - - - - - -
RevPAR actual (JPY) - - - 8,473 9,421 8,456 8,822
year-on-year (%) - - - - - - -
Gross Revenue actual (JPY mn) - - - 95 147 130 373
year-on-year (%) - - - - - - -
    (Note 1) This property was acquired on Ocotober 13, 2017. Therefore the figures for October 2017 are the results of 19 days of operation from Ocotober 13, 2017 to Ocotober 31, 2017.
    (Note 2) Comparison for year-on-year is not made if the days of operation for the same period in the previous year are less than one month.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/05～06
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 (%) - - - - - - -
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/10～12
Occupancy Rate actual (%) - - - 95.0 95.2 91.0 93.5
year-on-year (points) - - - - - - -
ADR actual (JPY) - - - 11,843 12,246 13,057 12,455
year-on-year (%) - - - - - - -
RevPAR actual (JPY) - - - 11,246 11,660 11,879 11,647
year-on-year (%) - - - - - - -
Gross Revenue actual (JPY mn) - - - 55 89 94 239
year-on-year (%) - - - - - - -
    (Note 1) This property was acquired on Ocotober 13, 2017. Therefore the figures for October 2017 are the results of 19 days of operation from Ocotober 13, 2017 to Ocotober 31, 2017.
    (Note 2) Comparison for year-on-year is not made if the days of operation for the same period in the previous year are less than one month.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/05～06
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 (%) - - - - - - -
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/10～12
Occupancy Rate actual (%) - - - 91.4 95.4 94.4 94.1
year-on-year (points) - - - - - - -
ADR actual (JPY) - - - 8,919 10,010 10,216 9,838
year-on-year (%) - - - - - - -
RevPAR actual (JPY) - - - 8,155 9,548 9,642 9,253
year-on-year (%) - - - - - - -
Gross Revenue actual (JPY mn) - - - 67 134 128 330
year-on-year (%) - - - - - - -
    (Note 1) This property was acquired on Ocotober 13, 2017. Therefore the figures for October 2017 are the results of 19 days of operation from Ocotober 13, 2017 to Ocotober 31, 2017.
    (Note 2) Comparison for year-on-year is not made if the days of operation for the same period in the previous year are less than one month.
2017/01 2017/02 2017/03 2017/04 2017/05 2017/06 2017/05～06
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 (%) - - - - - - -
2017/07 2017/08 2017/09 2017/10 2017/11 2017/12 2017/10～12
Occupancy Rate actual (%) - - - 92.2 87.5 95.6 91.8
year-on-year (points) - - - - - - -
ADR actual (JPY) - - - 8,781 7,747 9,298 8,620
year-on-year (%) - - - - - - -
RevPAR actual (JPY) - - - 8,093 6,782 8,891 7,911
year-on-year (%) - - - - - - -
Gross Revenue actual (JPY mn) - - - 38 51 69 159
year-on-year (%) - - - - - - -
    (Note 1) This property was acquired on Ocotober 13, 2017. Therefore the figures for October 2017 are the results of 19 days of operation from Ocotober 13, 2017 to Ocotober 31, 2017.
    (Note 2) Comparison for year-on-year is not made if the days of operation for the same period in the previous year are less than one month.

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