Hotel Performance

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Domestic Hotels Total
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
# of Properties (Note2) actual - 72 (83) 72 (83) 72 (83) 72 (83) 72 (83) 72 (83) 72 (83)
Occupancy Rate actual (%) 70.5 81.4 85.0 81.3 80.6 81.9 80.1
ADR actual (JPY) 8,643 9,718 10,738 10,752 11,294 10,021 10,238
RevPAR actual (JPY) 6,096 7,915 9,132 8,745 9,098 8,207 8,200
Gross Revenue actual (JPY mn) 3,265 3,674 4,686 4,366 4,664 4,194 24,852
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
# of Properties (Note2) actual - 73 (83) 79 (89) 79 (89) 79 (89) 79 (89) 79 (89) 79 (89)
Occupancy Rate actual (%) 83.5 85.0 82.5 82.8 80.9 77.1 82.0
ADR actual (JPY) 11,994 15,742 12,038 12,247 12,314 12,130 12,783
RevPAR actual (JPY) 10,019 13,385 9,929 10,138 9,963 9,350 10,475
Gross Revenue actual (JPY mn) 5,195 7,392 5,556 5,940 5,658 5,460 35,203
Overseas Hotels Total
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
# of Properties (Note2) actual - 2 2 2 2 2 2 2
Occupancy Rate actual (%) 75.7 84.9 86.0 77.6 71.7 68.3 77.3
ADR actual (USD) 572 603 620 540 426 430 537
RevPAR actual (USD) 433 512 533 419 306 293 415
Gross Revenue actual (USD'000) 10,519 11,282 13,332 10,793 8,780 7,694 62,403
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
# of Properties (Note2) actual - 2 2 2 2 2 2 2
Occupancy Rate actual (%) 71.2 60.7 38.0 59.3 81.8 77.6 64.8
ADR actual (USD) 391 342 252 288 440 674 421
RevPAR actual (USD) 279 208 96 171 359 523 273
Gross Revenue actual (USD'000) 7,813 6,065 2,826 5,302 9,204 12,046 43,257
  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. D21 APA Hotel Yokohama-Kannai accepted COVID-19 patients with mild or no symptoms from August 4, 2020 to May 7, 2023 and D57 Hotel MyStays Oita accepted COVID-19 patients with mild or no symptoms from January 16, 2022 to March 31, 2023 respectively. KPI during the period are not disclosed as the consent from the parties concerned has not been obtained, it is also excluded from the performance calculation for each month and the total above.
  7. 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. The properties that figures for year-on-year comparison cannot be calculated are not included in the Hotels Total.

Individual Hotels

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2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 83.1 84.2 85.8 80.3 74.0 80.0 81.2
year-on-year (points) 43.8 26.7 18.7 2.2 -1.3 10.5 16.7
ADR actual (JPY) 7,240 9,185 12,984 13,247 11,166 9,467 10,553
year-on-year (%) 67.5 125.8 211.4 169.6 131.4 94.3 130.5
RevPAR actual (JPY) 6,014 7,735 11,142 10,636 8,264 7,571 8,568
year-on-year (%) 254.6 230.6 298.3 177.2 127.5 123.8 190.4
Gross Revenue actual (JPY mn) 23 27 43 40 32 28 197
year-on-year (%) 238.3 207.2 286.9 174.4 123.1 122.2 182.9
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 86.3 86.4 83.7 85.7 88.6 89.3 86.7
year-on-year (points) 15.1 18.4 13.2 10.1 0.8 4.8 10.4
ADR actual (JPY) 9,161 8,906 9,223 10,256 11,984 11,625 10,209
year-on-year (%) 74.8 75.8 78.4 77.1 53.1 21.5 54.9
RevPAR actual (JPY) 7,906 7,695 7,715 8,793 10,621 10,387 8,849
year-on-year (%) 111.8 123.4 111.9 100.7 54.5 28.3 76.1
Gross Revenue actual (JPY mn) 31 30 29 34 40 41 207
year-on-year (%) 111.2 121.7 112.2 99.9 54.3 28.6 75.9
    (Note 1) This property was acquired on May 23, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 70.5 85.5 91.3 88.1 87.3 82.0 84.1
year-on-year (points) 31.1 17.5 26.4 17.4 10.3 19.6 20.5
ADR actual (JPY) 4,914 5,452 6,343 6,543 6,079 6,214 5,964
year-on-year (%) 37.8 72.3 84.7 92.7 78.8 79.5 75.8
RevPAR actual (JPY) 3,466 4,661 5,789 5,765 5,309 5,098 5,016
year-on-year (%) 146.9 116.6 159.7 140.1 102.8 135.9 132.2
Gross Revenue actual (JPY mn) 18 21 30 28 26 26 151
year-on-year (%) 131.8 105.0 151.2 135.9 84.8 130.2 121.5
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 84.3 88.5 83.1 86.8 87.1 82.8 85.4
year-on-year (points) 6.4 8.2 9.5 5.3 7.9 7.4 7.4
ADR actual (JPY) 7,066 6,786 7,140 7,479 8,511 8,429 7,562
year-on-year (%) 94.9 82.6 88.9 94.6 81.6 53.6 80.8
RevPAR actual (JPY) 5,958 6,004 5,934 6,492 7,414 6,976 6,460
year-on-year (%) 110.9 101.3 113.2 107.3 99.7 68.6 98.0
Gross Revenue actual (JPY mn) 30 30 29 33 37 35 197
year-on-year (%) 105.8 95.5 107.3 102.0 92.7 67.2 93.2
    (Note 1) This property was acquired on May 23, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 65.9 72.3 72.1 73.8 70.8 71.5 71.0
year-on-year (points) 22.6 29.7 15.5 21.5 14.5 21.4 20.7
ADR actual (JPY) 6,046 6,378 13,026 13,554 11,781 8,431 9,981
year-on-year (%) 48.1 93.1 170.8 155.4 120.2 96.2 116.5
RevPAR actual (JPY) 3,985 4,612 9,394 9,998 8,342 6,026 7,090
year-on-year (%) 125.1 228.0 244.7 260.1 176.9 179.9 205.5
Gross Revenue actual (JPY mn) 31 33 72 75 65 46 326
year-on-year (%) 115.7 198.7 228.3 245.2 160.6 155.0 187.2
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 68.2 70.5 73.6 70.0 71.3 58.9 68.7
year-on-year (points) 11.8 9.2 11.4 1.4 -1.4 -7.1 4.2
ADR actual (JPY) 9,834 9,117 8,849 12,864 18,875 11,594 11,841
year-on-year (%) 69.5 89.3 72.6 112.5 53.3 25.1 60.6
RevPAR actual (JPY) 6,708 6,429 6,510 9,007 13,454 6,827 8,136
year-on-year (%) 105.1 117.7 104.1 116.7 50.4 11.6 71.0
Gross Revenue actual (JPY mn) 53 51 49 70 98 53 376
year-on-year (%) 96.4 103.2 90.2 106.8 45.4 10.7 64.8
    (Note 1) This property was acquired on July 17, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 83.0 87.3 87.8 88.6 87.6 89.5 87.3
year-on-year (points) 31.2 28.3 21.2 28.4 30.2 32.9 28.7
ADR actual (JPY) 9,490 10,172 15,911 11,206 13,125 11,109 11,891
year-on-year (%) 38.6 68.2 103.2 58.1 59.2 68.5 66.3
RevPAR actual (JPY) 7,874 8,883 13,970 9,932 11,501 9,948 10,380
year-on-year (%) 122.2 148.8 167.7 132.8 143.1 166.2 147.7
Gross Revenue actual (JPY mn) 52 53 87 69 75 63 401
year-on-year (%) 100.8 122.4 152.3 81.3 127.5 92.4 112.2
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 83.5 87.6 88.9 91.4 91.9 91.4 89.1
year-on-year (points) 11.9 1.7 8.0 15.4 10.7 4.6 8.7
ADR actual (JPY) 11,203 12,837 12,450 14,073 17,209 17,246 14,228
year-on-year (%) 42.0 48.1 48.0 36.3 16.3 5.1 27.1
RevPAR actual (JPY) 9,351 11,242 11,072 12,870 15,823 15,771 12,680
year-on-year (%) 65.7 51.0 62.5 63.9 31.6 10.7 40.9
Gross Revenue actual (JPY mn) 65 71 67 82 93 95 475
year-on-year (%) 62.8 56.4 57.2 54.2 28.1 12.2 39.9
    (Note 1) This property was acquired on July 17, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 96.3 97.4 97.5 96.6 95.1 97.5 96.7
year-on-year (points) 20.8 15.3 17.4 24.3 10.8 13.4 17.0
ADR actual (JPY) 15,369 16,206 25,705 20,185 22,201 19,206 19,872
year-on-year (%) 35.5 72.7 86.8 72.7 84.2 104.5 76.1
RevPAR actual (JPY) 14,796 15,788 25,051 19,490 21,111 18,730 19,217
year-on-year (%) 72.9 104.9 127.3 130.6 107.9 137.0 113.7
Gross Revenue actual (JPY mn) 46 43 75 57 63 55 341
year-on-year (%) 72.5 95.0 121.1 124.5 100.2 126.0 106.8
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 94.8 97.5 95.6 93.4 93.6 93.4 94.7
year-on-year (points) 10.1 3.0 8.3 8.9 -0.7 -1.2 4.7
ADR actual (JPY) 20,618 22,846 20,783 24,468 31,157 29,859 24,904
year-on-year (%) 56.8 51.1 60.7 52.3 42.9 10.4 39.4
RevPAR actual (JPY) 19,539 22,265 19,874 22,863 29,149 27,900 23,588
year-on-year (%) 75.5 55.9 75.9 68.3 41.9 9.0 46.7
Gross Revenue actual (JPY mn) 59 68 57 68 84 83 422
year-on-year (%) 69.9 51.2 70.0 66.0 41.5 9.2 44.8
    (Note 1) This property was acquired on July 17, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 71.7 75.0 83.0 73.9 69.0 82.6 75.9
year-on-year (points) 10.9 17.3 3.8 1.4 -2.2 2.2 5.4
ADR actual (JPY) 10,777 13,389 15,573 14,314 14,331 11,579 13,345
year-on-year (%) 75.6 131.4 120.6 91.8 97.9 47.0 90.2
RevPAR actual (JPY) 7,725 10,042 12,930 10,585 9,888 9,562 10,124
year-on-year (%) 107.0 200.7 131.2 95.5 91.9 51.1 104.8
Gross Revenue actual (JPY mn) 44 49 66 55 53 50 320
year-on-year (%) 84.0 139.9 108.1 79.7 77.3 46.7 85.8
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 76.7 75.2 78.6 78.5 78.8 71.8 76.6
year-on-year (points) 4.3 2.3 4.1 -1.4 -7.0 -18.2 -2.7
ADR actual (JPY) 12,687 13,379 12,525 14,157 16,177 14,533 13,906
year-on-year (%) 55.8 64.2 55.4 35.1 16.7 -3.7 28.0
RevPAR actual (JPY) 9,726 10,055 9,845 11,119 12,750 10,430 10,647
year-on-year (%) 65.0 69.3 63.8 32.7 7.2 -23.2 23.6
Gross Revenue actual (JPY mn) 53 55 52 64 63 55 344
year-on-year (%) 62.5 44.1 46.5 37.2 4.9 -20.7 21.0
    (Note 1) This property was acquired on July 17, 2014.
    (Note 2) The name of this property was changed from "Hotel MyStays Dojima" as of March 10, 2018.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 72.8 84.1 90.5 89.1 83.9 82.0 83.7
year-on-year (points) 6.9 13.0 11.9 7.7 0.1 1.2 6.7
ADR actual (JPY) 5,864 6,772 6,930 6,936 7,161 6,225 6,673
year-on-year (%) 37.0 59.4 43.8 44.1 38.6 34.2 42.2
RevPAR actual (JPY) 4,268 5,696 6,269 6,181 6,008 5,103 5,585
year-on-year (%) 51.4 88.6 65.6 57.8 38.8 36.2 54.7
Gross Revenue actual (JPY mn) 40 48 60 56 56 47 308
year-on-year (%) 50.5 83.0 61.6 55.3 37.8 35.9 52.6
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 79.6 84.3 80.3 73.3 84.5 87.1 81.5
year-on-year (points) -2.5 -2.3 -3.3 -6.5 2.2 2.6 -1.7
ADR actual (JPY) 7,624 7,516 9,042 6,909 8,124 8,560 7,978
year-on-year (%) 43.9 43.4 66.5 9.3 18.0 14.3 30.6
RevPAR actual (JPY) 6,067 6,340 7,265 5,062 6,865 7,455 6,503
year-on-year (%) 39.5 39.6 59.9 0.4 21.2 17.8 28.1
Gross Revenue actual (JPY mn) 57 60 64 47 61 68 359
year-on-year (%) 37.8 37.6 53.1 0.8 17.9 16.5 25.8
    (Note 1) This property was acquired on July 17, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 80.4 77.8 83.3 84.6 69.5 71.0 77.8
year-on-year (points) 23.8 11.2 8.5 4.4 -6.2 1.1 7.1
ADR actual (JPY) 6,228 7,243 7,967 6,775 8,064 6,350 7,102
year-on-year (%) 103.1 137.3 150.6 78.7 111.7 71.1 105.1
RevPAR actual (JPY) 5,008 5,635 6,640 5,732 5,608 4,506 5,524
year-on-year (%) 188.2 177.1 179.0 88.5 94.4 73.8 125.7
Gross Revenue actual (JPY mn) 32 31 42 35 35 28 205
year-on-year (%) 191.9 177.2 179.5 82.4 92.0 76.3 124.5
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 75.0 77.9 73.4 75.1 72.8 71.1 74.2
year-on-year (points) 3.9 -0.5 1.3 -3.7 -10.1 -16.6 -4.3
ADR actual (JPY) 6,535 6,955 6,461 6,774 7,599 6,923 6,871
year-on-year (%) 54.4 74.4 56.3 35.1 0.3 -13.2 23.0
RevPAR actual (JPY) 4,898 5,421 4,743 5,088 5,532 4,924 5,101
year-on-year (%) 63.0 73.3 59.0 28.8 -11.8 -29.6 16.3
Gross Revenue actual (JPY mn) 32 35 30 34 35 32 201
year-on-year (%) 71.0 83.5 68.1 36.2 -6.1 -25.3 22.9
    (Note 1) This property was acquired on July 17, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 77.1 86.0 88.7 85.9 86.8 87.3 85.3
year-on-year (points) -1.2 0.4 0.7 -0.1 4.1 6.5 1.7
ADR actual (JPY) 7,393 8,966 11,126 10,580 10,104 8,695 9,529
year-on-year (%) 38.9 76.2 94.4 54.1 29.3 30.6 52.3
RevPAR actual (JPY) 5,698 7,707 9,866 9,086 8,771 7,589 8,124
year-on-year (%) 36.8 77.2 96.0 53.8 35.7 41.1 55.4
Gross Revenue actual (JPY mn) 37 44 64 57 58 48 311
year-on-year (%) 26.2 76.3 97.6 45.2 39.4 39.5 52.4
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 84.6 86.7 83.2 85.7 85.8 84.6 85.1
year-on-year (points) 0.6 -7.0 0.0 4.6 5.4 0.3 0.6
ADR actual (JPY) 9,186 10,492 10,443 9,014 9,845 10,693 9,942
year-on-year (%) 18.0 39.7 32.2 7.0 0.7 -11.5 11.9
RevPAR actual (JPY) 7,775 9,094 8,693 7,725 8,446 9,047 8,462
year-on-year (%) 18.9 29.3 32.1 13.1 7.5 -11.2 12.7
Gross Revenue actual (JPY mn) 52 62 56 51 55 59 337
year-on-year (%) 23.0 31.4 33.2 15.3 8.8 -10.3 14.6
    (Note 1) This property was acquired on July 17, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 81.2 84.9 84.9 86.2 84.0 85.5 84.4
year-on-year (points) 31.0 19.9 21.7 10.3 -1.6 23.3 17.4
ADR actual (JPY) 6,035 7,418 9,204 9,084 8,166 7,611 7,940
year-on-year (%) 56.5 76.3 106.4 88.1 68.8 77.5 77.6
RevPAR actual (JPY) 4,900 6,302 7,818 7,827 6,860 6,506 6,704
year-on-year (%) 153.2 130.1 177.4 113.6 65.8 143.8 123.7
Gross Revenue actual (JPY mn) 14 16 22 22 20 18 115
year-on-year (%) 154.5 130.3 172.4 121.4 67.9 144.8 125.6
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 84.6 87.6 86.5 86.0 84.8 87.2 86.1
year-on-year (points) 12.8 14.2 19.3 8.1 5.4 4.6 10.7
ADR actual (JPY) 7,596 7,607 7,456 8,399 9,752 10,059 8,476
year-on-year (%) 76.3 77.2 66.5 78.9 63.1 42.5 63.3
RevPAR actual (JPY) 6,426 6,665 6,451 7,219 8,273 8,768 7,300
year-on-year (%) 107.7 111.5 114.3 97.6 74.3 50.5 86.5
Gross Revenue actual (JPY mn) 18 19 18 21 23 25 127
year-on-year (%) 108.0 109.9 114.5 99.0 74.8 49.7 86.5
    (Note 1) This property was acquired on July 17, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 77.8 90.4 94.8 87.6 83.4 83.2 86.1
year-on-year (points) 38.4 41.6 27.3 12.4 7.1 19.9 24.3
ADR actual (JPY) 7,234 8,950 9,037 7,947 8,974 8,417 8,451
year-on-year (%) 73.3 136.3 121.0 84.6 104.6 93.2 100.6
RevPAR actual (JPY) 5,629 8,091 8,563 6,961 7,487 7,003 7,279
year-on-year (%) 242.2 337.4 210.5 115.2 123.7 154.2 179.3
Gross Revenue actual (JPY mn) 32 41 49 38 43 39 243
year-on-year (%) 246.0 341.8 210.6 118.8 131.6 162.1 184.5
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 89.0 92.4 89.2 88.7 89.5 88.6 89.6
year-on-year (points) 18.1 18.1 15.4 18.7 5.9 5.2 13.6
ADR actual (JPY) 9,067 9,119 8,127 9,384 12,875 12,412 10,154
year-on-year (%) 80.3 84.2 57.6 41.3 41.9 18.8 44.8
RevPAR actual (JPY) 8,070 8,423 7,252 8,327 11,520 10,998 9,095
year-on-year (%) 126.2 128.9 90.5 79.0 51.8 26.3 70.6
Gross Revenue actual (JPY mn) 46 48 40 47 63 62 309
year-on-year (%) 136.2 135.0 93.2 86.4 52.4 27.1 74.0
    (Note 1) This property was acquired on July 17, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 89.4 89.0 94.0 86.5 83.6 71.4 85.7
year-on-year (points) 34.3 16.9 28.0 -1.8 5.0 -6.6 12.8
ADR actual (JPY) 7,272 8,519 8,401 9,882 10,059 9,921 8,953
year-on-year (%) 47.4 47.8 66.6 76.7 88.4 92.4 68.2
RevPAR actual (JPY) 6,501 7,580 7,896 8,548 8,409 7,079 7,669
year-on-year (%) 139.1 82.6 137.3 73.2 100.3 76.2 97.6
Gross Revenue actual (JPY mn) 13 14 16 16 16 13 91
year-on-year (%) 112.5 75.8 112.5 58.0 98.9 64.6 84.3
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 89.1 84.1 90.1 93.2 89.8 88.0 89.0
year-on-year (points) -0.6 -1.0 9.8 2.4 -3.1 -6.1 0.2
ADR actual (JPY) 9,198 10,226 10,111 10,236 11,505 12,389 10,606
year-on-year (%) 71.7 71.2 81.7 73.3 63.9 46.4 65.2
RevPAR actual (JPY) 8,192 8,599 9,106 9,542 10,328 10,905 9,442
year-on-year (%) 70.5 69.2 103.9 77.7 58.4 37.0 65.6
Gross Revenue actual (JPY mn) 16 17 17 19 19 21 111
year-on-year (%) 60.7 58.5 90.1 70.1 51.6 33.8 57.9
    (Note 1) This property was acquired on July 17, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 85.4 96.9 96.3 96.0 92.9 89.4 92.8
year-on-year (points) 49.5 41.9 24.4 9.5 6.2 13.8 24.1
ADR actual (JPY) 4,901 5,122 6,279 7,602 7,346 6,562 6,330
year-on-year (%) 42.3 51.0 84.7 92.9 123.9 99.4 82.4
RevPAR actual (JPY) 4,187 4,964 6,048 7,300 6,822 5,869 5,872
year-on-year (%) 238.3 166.1 147.2 114.1 139.9 135.9 146.3
Gross Revenue actual (JPY mn) 9 10 13 15 15 12 77
year-on-year (%) 230.9 160.8 137.7 111.3 137.4 130.4 141.4
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 89.7 89.8 93.1 91.5 91.5 83.6 89.8
year-on-year (points) 8.4 3.1 10.9 0.5 9.6 -1.7 5.1
ADR actual (JPY) 7,069 7,198 7,109 7,928 8,931 9,004 7,857
year-on-year (%) 107.8 115.1 107.3 122.4 97.4 81.5 103.2
RevPAR actual (JPY) 6,340 6,463 6,619 7,257 8,174 7,523 7,059
year-on-year (%) 129.2 122.7 134.8 123.6 120.5 77.8 115.3
Gross Revenue actual (JPY mn) 14 14 14 16 17 16 94
year-on-year (%) 127.4 123.0 132.9 122.8 117.3 76.9 113.9
    (Note 1) This property was acquired on July 17, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 92.3 93.8 96.5 93.8 92.3 91.5 93.4
year-on-year (points) 36.5 20.0 22.1 2.7 2.1 -4.4 13.2
ADR actual (JPY) 7,145 8,033 9,235 11,369 9,961 8,969 9,129
year-on-year (%) 47.8 77.5 91.9 111.6 96.9 72.6 82.5
RevPAR actual (JPY) 6,592 7,537 8,916 10,666 9,190 8,202 8,523
year-on-year (%) 144.4 125.6 148.8 118.0 101.4 64.7 112.5
Gross Revenue actual (JPY mn) 11 11 15 17 15 13 86
year-on-year (%) 138.4 118.4 139.7 117.7 101.5 64.6 109.8
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 90.7 89.4 91.0 93.7 93.7 91.8 91.7
year-on-year (points) -3.0 3.2 1.3 -2.9 -0.5 -4.6 -1.1
ADR actual (JPY) 8,765 8,424 9,006 9,704 9,988 10,014 9,324
year-on-year (%) 51.8 50.8 51.3 57.6 44.4 25.4 45.3
RevPAR actual (JPY) 7,953 7,530 8,193 9,095 9,358 9,198 8,552
year-on-year (%) 46.9 56.5 53.5 52.8 43.6 19.4 43.6
Gross Revenue actual (JPY mn) 13 12 13 15 15 15 87
year-on-year (%) 47.5 56.4 53.3 51.4 42.2 17.6 42.7
    (Note 1) This property was acquired on July 17, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 81.4 87.5 89.4 90.1 90.1 91.5 88.3
year-on-year (points) 46.0 37.5 49.0 22.1 21.2 57.5 38.9
ADR actual (JPY) 3,940 3,991 4,411 4,637 4,781 4,536 4,397
year-on-year (%) -7.6 -9.7 1.1 5.0 7.4 1.9 -0.1
RevPAR actual (JPY) 3,208 3,490 3,946 4,177 4,306 4,150 3,883
year-on-year (%) 112.7 58.1 123.5 39.1 40.5 174.3 78.5
Gross Revenue actual (JPY mn) 13 12 16 16 17 16 92
year-on-year (%) 110.0 57.3 115.7 38.2 40.3 169.8 76.6
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 92.7 87.3 82.8 88.7 88.8 88.0 88.1
year-on-year (points) 58.1 33.0 38.2 21.5 12.5 13.7 29.6
ADR actual (JPY) 4,607 4,863 4,960 5,095 5,372 5,335 5,035
year-on-year (%) 3.1 19.0 20.0 23.7 21.3 14.4 16.2
RevPAR actual (JPY) 4,269 4,244 4,106 4,518 4,771 4,694 4,434
year-on-year (%) 176.6 91.4 123.2 63.3 41.2 35.5 74.9
Gross Revenue actual (JPY mn) 17 17 16 18 18 19 107
year-on-year (%) 172.4 89.6 120.7 62.2 40.8 34.4 73.7
    (Note 1) This property was acquired on July 17, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 74.8 75.5 78.2 83.9 84.1 81.5 79.7
year-on-year (points) 48.8 41.8 40.5 27.1 24.8 26.0 34.8
ADR actual (JPY) 3,739 4,039 4,255 4,926 4,996 4,992 4,516
year-on-year (%) -2.6 4.1 14.0 24.2 27.3 25.7 15.7
RevPAR actual (JPY) 2,797 3,050 3,329 4,135 4,203 4,069 3,601
year-on-year (%) 179.6 133.2 136.6 83.5 80.5 84.6 105.5
Gross Revenue actual (JPY mn) 9 9 11 13 13 13 70
year-on-year (%) 157.9 122.7 122.0 80.2 76.4 81.1 98.5
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 83.4 80.7 79.3 81.7 82.0 80.2 81.2
year-on-year (points) 34.6 28.5 26.0 25.6 15.4 10.3 23.4
ADR actual (JPY) 4,730 4,845 5,031 5,064 5,109 5,268 5,006
year-on-year (%) 17.8 21.2 31.0 30.6 22.9 31.7 25.6
RevPAR actual (JPY) 3,945 3,911 3,990 4,137 4,190 4,225 4,066
year-on-year (%) 101.3 87.3 95.0 90.1 51.3 51.0 76.4
Gross Revenue actual (JPY mn) 13 13 12 13 13 13 80
year-on-year (%) 97.0 83.3 90.5 86.7 49.0 48.6 73.2
    (Note 1) This property was acquired on July 17, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 85.9 85.2 88.0 91.2 79.2 78.0 84.6
year-on-year (points) 11.9 2.1 7.7 2.1 -2.9 -1.2 3.4
ADR actual (JPY) 7,738 8,698 10,365 7,410 8,468 7,651 8,401
year-on-year (%) 87.4 119.7 116.2 56.4 78.7 73.0 87.6
RevPAR actual (JPY) 6,646 7,408 9,118 6,755 6,710 5,970 7,104
year-on-year (%) 117.6 125.3 136.9 60.1 72.4 70.4 95.3
Gross Revenue actual (JPY mn) 23 23 31 23 23 20 145
year-on-year (%) 109.7 118.0 128.6 58.5 70.2 67.2 90.6
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 77.9 72.6 75.4 84.8 78.2 63.0 75.3
year-on-year (points) -5.7 -11.3 -6.7 5.4 -2.3 -22.3 -7.2
ADR actual (JPY) 8,917 9,329 8,241 8,403 10,286 11,456 9,366
year-on-year (%) 72.1 66.0 61.9 39.2 13.3 14.7 37.0
RevPAR actual (JPY) 6,948 6,771 6,215 7,124 8,042 7,216 7,052
year-on-year (%) 60.5 43.6 48.7 48.7 10.1 -15.3 25.1
Gross Revenue actual (JPY mn) 24 23 21 25 27 25 147
year-on-year (%) 59.8 42.7 38.9 47.9 10.6 -17.0 23.2
    (Note 1) This property was acquired on July 17, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 72.8 79.5 83.2 78.7 73.7 77.6 77.6
year-on-year (points) 41.3 38.6 34.0 7.2 11.9 24.6 26.2
ADR actual (JPY) 9,069 10,160 13,539 12,810 12,843 12,704 11,910
year-on-year (%) 63.5 69.4 136.8 102.6 117.2 130.9 102.7
RevPAR actual (JPY) 6,605 8,079 11,271 10,076 9,470 9,858 9,237
year-on-year (%) 277.9 229.2 300.4 123.0 159.2 238.2 206.0
Gross Revenue actual (JPY mn) 12 14 21 18 17 18 102
year-on-year (%) 203.0 176.5 235.7 105.2 134.0 192.6 166.7
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 82.7 76.0 71.3 87.8 82.9 77.5 79.7
year-on-year (points) 17.6 10.2 20.8 27.2 4.1 -9.1 11.8
ADR actual (JPY) 14,116 14,185 12,111 13,052 14,771 16,147 14,081
year-on-year (%) 137.9 126.8 97.0 93.0 94.0 86.3 100.0
RevPAR actual (JPY) 11,672 10,781 8,634 11,464 12,240 12,519 11,227
year-on-year (%) 202.2 162.2 178.2 179.5 104.0 66.7 134.7
Gross Revenue actual (JPY mn) 21 20 15 21 22 23 124
year-on-year (%) 175.0 144.9 146.4 155.5 94.1 61.5 119.4
    (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.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 73.1 83.3 88.9 90.2 81.8 85.6 83.8
year-on-year (points) 19.4 25.7 29.4 14.8 5.5 5.3 16.6
ADR actual (JPY) 4,509 5,309 5,961 6,037 5,952 5,609 5,596
year-on-year (%) 22.0 40.5 61.2 40.3 39.2 34.9 39.0
RevPAR actual (JPY) 3,297 4,424 5,300 5,444 4,869 4,804 4,689
year-on-year (%) 66.0 103.3 140.6 67.8 49.1 43.7 73.4
Gross Revenue actual (JPY mn) 3 4 6 6 5 5 33
year-on-year (%) 63.3 102.8 133.3 67.8 49.2 43.8 72.2
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 84.9 82.4 84.5 78.4 79.8 71.2 80.2
year-on-year (points) 3.8 1.7 9.8 -4.1 -7.9 -4.7 -0.3
ADR actual (JPY) 5,577 5,737 5,593 5,889 6,057 6,209 5,831
year-on-year (%) 30.8 38.5 33.7 42.4 38.9 28.2 35.0
RevPAR actual (JPY) 4,738 4,726 4,728 4,617 4,836 4,422 4,677
year-on-year (%) 36.9 41.4 51.3 35.2 26.3 20.3 34.6
Gross Revenue actual (JPY mn) 5 5 5 5 5 5 33
year-on-year (%) 36.8 41.4 51.4 35.4 27.1 21.0 34.9
    (Note 1) This property was acquired on July 17, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 80.8 88.0 87.5 91.8 83.4 93.5 87.4
year-on-year (points) 18.6 18.3 7.9 9.7 0.1 2.0 9.3
ADR actual (JPY) 4,545 5,240 5,494 5,980 5,814 5,617 5,463
year-on-year (%) 29.3 45.5 52.7 52.9 53.5 54.4 48.3
RevPAR actual (JPY) 3,672 4,610 4,809 5,491 4,851 5,251 4,777
year-on-year (%) 68.0 83.8 67.9 71.0 53.7 57.7 66.0
Gross Revenue actual (JPY mn) 2 2 3 3 3 3 19
year-on-year (%) 66.0 83.7 68.0 71.1 53.7 58.8 66.0
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 81.1 81.2 83.6 80.9 83.6 71.0 80.2
year-on-year (points) -7.3 -0.9 3.3 -7.6 -6.1 -8.4 -4.5
ADR actual (JPY) 5,759 5,520 5,594 5,773 6,155 6,062 5,805
year-on-year (%) 53.3 45.1 45.5 49.2 41.6 27.4 43.1
RevPAR actual (JPY) 4,670 4,484 4,679 4,673 5,147 4,302 4,656
year-on-year (%) 40.6 43.6 51.5 36.4 32.0 14.0 35.4
Gross Revenue actual (JPY mn) 3 3 3 3 3 2 19
year-on-year (%) 40.7 44.8 51.8 37.2 32.4 14.4 36.0
    (Note 1) This property was acquired on July 17, 2014.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) - - - - - 73.8 -
year-on-year (points) - - - - - - -
ADR actual (JPY) - - - - - 7,871 -
year-on-year (%) - - - - - - -
RevPAR actual (JPY) - - - - - 5,811 -
year-on-year (%) - - - - - - -
Gross Revenue actual (JPY mn) - - - - - 80 -
year-on-year (%) - - - - - - -
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 85.8 97.7 98.1 96.4 98.2 93.2 94.9
year-on-year (points) - - - - - - -
ADR actual (JPY) 7,822 8,035 7,868 7,633 8,235 8,933 8,088
year-on-year (%) - - - - - - -
RevPAR actual (JPY) 6,709 7,848 7,721 7,360 8,087 8,322 7,672
year-on-year (%) - - - - - - -
Gross Revenue actual (JPY mn) 96 146 107 105 112 118 687
year-on-year (%) - - - - - - -
    (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 figures for each month from January to May, the January-June 2023 total are not disclosed as the consent from the parties concerned has not been obtained.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 52.5 59.0 70.7 73.8 77.8 89.0 70.5
year-on-year (points) 16.5 26.0 24.4 14.0 17.9 24.6 20.5
ADR actual (JPY) 6,319 6,034 6,049 7,781 8,197 7,823 7,159
year-on-year (%) 11.2 15.6 22.0 17.6 8.6 20.1 14.2
RevPAR actual (JPY) 3,318 3,558 4,274 5,739 6,381 6,960 5,048
year-on-year (%) 62.1 107.0 86.4 45.1 41.0 65.9 61.0
Gross Revenue actual (JPY mn) 27 27 35 43 49 51 234
year-on-year (%) 53.7 83.9 72.1 37.5 36.1 55.5 52.0
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 84.5 86.9 78.7 82.3 71.4 63.0 77.8
year-on-year (points) 6.2 10.7 0.7 4.5 4.4 -11.2 2.5
ADR actual (JPY) 9,557 10,309 8,228 7,226 6,860 6,561 8,252
year-on-year (%) 29.5 29.0 18.1 7.9 0.9 0.4 16.7
RevPAR actual (JPY) 8,076 8,957 6,478 5,945 4,901 4,132 6,423
year-on-year (%) 39.7 47.1 19.1 14.1 7.5 -14.8 20.6
Gross Revenue actual (JPY mn) 59 66 47 46 37 33 291
year-on-year (%) 35.7 40.1 13.5 12.9 4.5 -15.0 16.6
    (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.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 81.6 78.0 78.4 88.8 88.0 83.1 83.0
year-on-year (points) 49.5 42.9 39.1 34.5 25.6 31.1 37.1
ADR actual (JPY) 4,627 5,033 6,058 6,226 6,068 5,964 5,684
year-on-year (%) -2.4 12.2 36.3 31.7 35.8 41.9 26.3
RevPAR actual (JPY) 3,777 3,924 4,748 5,529 5,341 4,958 4,720
year-on-year (%) 148.2 149.1 172.0 115.4 91.4 126.6 128.1
Gross Revenue actual (JPY mn) 10 9 12 14 14 12 72
year-on-year (%) 139.0 143.6 164.4 111.5 89.8 124.5 123.9
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 81.7 82.2 83.8 84.7 77.6 74.2 80.7
year-on-year (points) 17.4 9.8 17.3 10.3 -6.3 -8.4 6.7
ADR actual (JPY) 6,199 6,463 6,600 6,875 6,752 7,098 6,658
year-on-year (%) 52.1 57.3 59.8 71.9 59.7 42.2 55.7
RevPAR actual (JPY) 5,064 5,312 5,534 5,824 5,241 5,269 5,374
year-on-year (%) 93.2 78.7 101.2 95.5 47.6 27.7 69.7
Gross Revenue actual (JPY mn) 13 14 14 15 13 13 84
year-on-year (%) 92.4 78.0 98.9 94.5 47.5 27.7 69.0
    (Note 1) This property was acquired on February 6, 2015.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 81.8 91.8 95.8 90.4 94.3 95.3 91.6
year-on-year (points) 4.4 14.0 10.5 2.6 18.4 22.2 12.0
ADR actual (JPY) 11,062 11,628 12,629 13,581 11,521 11,683 12,031
year-on-year (%) 59.8 68.1 76.2 86.2 58.9 50.2 66.7
RevPAR actual (JPY) 9,050 10,678 12,102 12,283 10,859 11,131 11,015
year-on-year (%) 68.9 98.3 97.9 91.7 97.6 96.0 91.8
Gross Revenue actual (JPY mn) 56 58 71 70 65 64 387
year-on-year (%) 70.1 95.9 88.2 89.4 93.1 89.3 87.6
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 93.8 94.4 91.2 94.9 95.2 92.7 93.7
year-on-year (points) 18.1 22.3 20.7 17.4 3.2 4.5 14.4
ADR actual (JPY) 11,890 12,308 11,872 12,240 12,746 12,600 12,278
year-on-year (%) 35.5 41.5 42.0 42.3 27.7 -7.8 25.0
RevPAR actual (JPY) 11,151 11,617 10,823 11,614 12,138 11,678 11,504
year-on-year (%) 67.7 85.4 83.9 74.1 32.2 -3.1 47.8
Gross Revenue actual (JPY mn) 67 70 63 70 70 69 411
year-on-year (%) 60.9 79.5 75.1 72.2 29.6 -4.6 44.2
    (Note 1) This property was acquired on July 16, 2015.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 71.3 88.5 91.1 92.5 90.8 92.6 87.7
year-on-year (points) 33.2 55.4 44.2 21.0 20.8 36.8 34.9
ADR actual (JPY) 5,225 5,364 5,974 6,577 5,657 5,570 5,753
year-on-year (%) 30.3 37.6 46.1 34.9 24.8 40.8 33.3
RevPAR actual (JPY) 3,727 4,749 5,445 6,084 5,137 5,157 5,048
year-on-year (%) 143.6 267.7 183.6 74.4 61.8 133.6 121.6
Gross Revenue actual (JPY mn) 33 37 47 50 44 43 256
year-on-year (%) 127.9 227.7 167.8 72.4 59.8 124.8 113.3
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 92.8 91.9 92.5 90.4 91.9 87.0 91.1
year-on-year (points) 18.6 29.6 36.6 17.8 0.1 -3.8 16.5
ADR actual (JPY) 5,516 5,511 5,581 5,835 6,328 7,037 5,958
year-on-year (%) 43.4 32.8 32.4 37.2 38.7 20.8 30.9
RevPAR actual (JPY) 5,119 5,064 5,164 5,278 5,819 6,125 5,427
year-on-year (%) 79.4 96.0 119.1 70.9 38.8 15.7 59.8
Gross Revenue actual (JPY mn) 44 43 43 45 48 52 278
year-on-year (%) 74.4 88.6 110.2 67.0 36.4 14.6 56.3
    (Note 1) This property was acquired on July 16, 2015.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 75.3 84.1 86.6 89.3 86.3 86.3 84.6
year-on-year (points) 37.2 39.7 34.3 23.0 19.1 30.2 30.5
ADR actual (JPY) 7,155 8,195 8,351 10,604 9,775 8,867 8,875
year-on-year (%) 79.7 104.4 95.8 131.3 122.2 104.2 106.1
RevPAR actual (JPY) 5,387 6,889 7,229 9,471 8,432 7,654 7,509
year-on-year (%) 255.4 287.0 224.2 211.3 185.3 214.3 222.1
Gross Revenue actual (JPY mn) 16 19 22 28 25 22 134
year-on-year (%) 227.5 266.0 207.9 200.2 174.1 204.0 207.6
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 86.1 86.8 87.4 91.7 93.2 89.1 89.0
year-on-year (points) 23.3 13.6 11.8 12.2 14.2 10.7 14.3
ADR actual (JPY) 9,822 8,984 8,681 10,734 11,563 12,408 10,393
year-on-year (%) 105.9 101.0 104.5 133.1 93.3 52.0 92.0
RevPAR actual (JPY) 8,453 7,798 7,589 9,842 10,776 11,059 9,254
year-on-year (%) 182.6 138.4 136.5 169.0 128.0 72.9 128.9
Gross Revenue actual (JPY mn) 25 23 22 30 31 33 168
year-on-year (%) 176.4 131.7 129.5 160.2 123.1 70.4 123.6
    (Note 1) This property was acquired on July 16, 2015.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 83.1 88.4 89.4 89.4 88.5 88.9 87.9
year-on-year (points) 28.9 38.9 31.2 30.3 23.1 19.9 28.6
ADR actual (JPY) 4,982 5,292 6,296 6,684 6,058 5,908 5,886
year-on-year (%) 27.6 34.2 57.1 35.5 37.9 55.6 41.2
RevPAR actual (JPY) 4,140 4,678 5,629 5,975 5,360 5,249 5,175
year-on-year (%) 95.6 139.8 141.3 105.1 86.7 100.6 109.3
Gross Revenue actual (JPY mn) 23 23 31 32 30 29 170
year-on-year (%) 89.6 128.3 131.8 100.2 84.3 100.0 104.2
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 91.0 88.8 90.6 89.1 88.1 82.7 88.4
year-on-year (points) 12.9 13.1 19.6 6.2 -3.4 -7.6 6.8
ADR actual (JPY) 5,825 5,786 5,776 6,106 6,730 7,279 6,234
year-on-year (%) 49.8 39.8 41.9 53.9 47.6 32.0 41.9
RevPAR actual (JPY) 5,300 5,135 5,233 5,441 5,931 6,018 5,509
year-on-year (%) 74.4 64.0 81.2 65.3 42.1 20.9 53.7
Gross Revenue actual (JPY mn) 30 29 28 30 32 33 184
year-on-year (%) 74.8 63.3 77.8 63.3 41.0 20.9 52.8
    (Note 1) This property was acquired on July 16, 2015.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 75.2 85.5 91.6 89.4 86.9 82.4 85.1
year-on-year (points) 16.6 22.0 24.3 26.3 17.6 23.1 21.6
ADR actual (JPY) 6,208 6,082 7,403 6,497 7,519 6,419 6,722
year-on-year (%) 4.4 8.1 21.5 2.3 7.8 9.5 9.0
RevPAR actual (JPY) 4,668 5,199 6,783 5,806 6,533 5,288 5,723
year-on-year (%) 33.8 45.7 65.2 45.1 35.1 52.2 46.0
Gross Revenue actual (JPY mn) 24 24 35 30 33 26 175
year-on-year (%) 29.6 43.6 56.4 44.0 32.1 48.8 42.2
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 88.3 88.1 85.2 84.2 80.3 77.0 83.9
year-on-year (points) 19.3 3.6 21.7 3.3 2.2 1.0 8.5
ADR actual (JPY) 7,907 8,312 7,100 7,341 8,438 7,538 7,775
year-on-year (%) 14.8 10.4 10.8 7.5 18.4 4.4 10.6
RevPAR actual (JPY) 6,981 7,326 6,049 6,179 6,774 5,803 6,520
year-on-year (%) 46.9 15.1 48.7 11.9 21.7 5.7 23.0
Gross Revenue actual (JPY mn) 35 37 30 31 33 30 199
year-on-year (%) 45.3 15.0 47.8 9.9 20.2 8.4 22.5
    (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.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 81.7 85.4 92.9 91.2 86.1 84.1 86.9
year-on-year (points) 37.8 38.6 57.4 40.3 36.9 41.0 42.1
ADR actual (JPY) 3,761 3,763 4,235 6,043 4,655 4,396 4,499
year-on-year (%) 1.2 9.6 15.9 30.1 23.0 19.0 17.0
RevPAR actual (JPY) 3,071 3,214 3,933 5,512 4,008 3,695 3,909
year-on-year (%) 88.2 100.0 203.5 133.1 115.3 132.2 126.7
Gross Revenue actual (JPY mn) 8 8 11 15 11 10 64
year-on-year (%) 81.7 95.2 184.5 129.1 109.2 121.7 118.9
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 86.3 86.1 85.0 86.7 85.5 83.0 85.4
year-on-year (points) 31.8 29.1 30.2 26.4 11.5 6.9 22.7
ADR actual (JPY) 4,416 4,682 4,439 4,526 4,818 4,858 4,622
year-on-year (%) 19.6 26.5 20.2 13.5 14.6 15.8 17.2
RevPAR actual (JPY) 3,811 4,030 3,773 3,925 4,119 4,033 3,949
year-on-year (%) 89.5 91.1 86.5 63.2 32.4 26.2 59.5
Gross Revenue actual (JPY mn) 10 11 10 11 11 11 66
year-on-year (%) 85.0 87.9 81.0 60.0 30.3 24.1 56.5
    (Note 1) This property was acquired on July 16, 2015.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 76.8 91.4 92.9 89.0 85.4 87.0 87.0
year-on-year (points) -2.6 11.8 3.5 7.5 -0.1 -1.7 2.9
ADR actual (JPY) 7,476 7,311 8,334 8,134 9,890 7,322 8,098
year-on-year (%) 29.2 32.6 19.3 9.2 21.8 -1.1 17.0
RevPAR actual (JPY) 5,742 6,681 7,738 7,241 8,446 6,371 7,045
year-on-year (%) 25.0 52.4 24.0 19.2 21.7 -2.9 21.1
Gross Revenue actual (JPY mn) 40 44 50 45 52 46 279
year-on-year (%) 16.2 26.6 29.7 23.6 28.4 12.5 22.8
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 89.4 90.9 86.7 88.3 84.9 86.3 87.8
year-on-year (points) 4.5 0.9 0.3 -1.0 -2.6 -1.5 0.1
ADR actual (JPY) 7,873 9,141 9,518 9,875 10,245 8,708 9,211
year-on-year (%) 4.3 8.5 -10.5 -21.9 4.4 3.8 -3.9
RevPAR actual (JPY) 7,039 8,307 8,255 8,721 8,696 7,514 8,085
year-on-year (%) 9.8 9.5 -10.1 -22.7 1.3 2.0 -3.7
Gross Revenue actual (JPY mn) 49 48 54 60 62 60 336
year-on-year (%) 20.9 10.4 10.5 -0.8 16.2 36.8 14.6
    (Note 1) This property was acquired on July 16, 2015.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 73.7 84.4 87.7 88.8 85.9 78.5 83.1
year-on-year (points) 3.0 18.1 18.2 -0.1 15.4 2.7 9.5
ADR actual (JPY) 4,627 4,957 4,893 5,242 5,704 5,776 5,206
year-on-year (%) 27.3 39.3 25.3 2.8 24.8 31.0 22.6
RevPAR actual (JPY) 3,410 4,186 4,291 4,652 4,902 4,536 4,329
year-on-year (%) 32.7 77.3 58.1 2.7 52.0 35.5 38.4
Gross Revenue actual (JPY mn) 6 7 8 9 9 8 51
year-on-year (%) 33.7 74.9 58.3 3.2 49.1 34.8 37.9
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 79.0 81.4 77.9 74.7 82.1 77.9 78.8
year-on-year (points) -5.5 -4.9 -4.1 -11.1 -5.8 -8.1 -6.6
ADR actual (JPY) 5,761 5,778 5,779 6,032 5,491 5,162 5,665
year-on-year (%) 38.8 45.8 38.1 46.4 25.9 18.2 35.2
RevPAR actual (JPY) 4,553 4,701 4,503 4,506 4,510 4,020 4,465
year-on-year (%) 29.7 37.4 31.3 27.4 17.6 7.1 24.7
Gross Revenue actual (JPY mn) 9 9 8 9 8 8 53
year-on-year (%) 29.6 36.8 29.9 26.9 18.4 10.6 25.1
    (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.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 68.5 87.2 89.8 93.4 87.5 85.0 85.2
year-on-year (points) 0.1 19.5 16.5 1.5 1.5 -1.9 6.0
ADR actual (JPY) 4,549 5,004 5,400 5,045 5,134 4,921 5,029
year-on-year (%) 37.9 64.5 47.8 -0.9 27.3 25.4 28.4
RevPAR actual (JPY) 3,117 4,364 4,846 4,714 4,493 4,183 4,283
year-on-year (%) 38.1 111.7 81.0 0.7 29.4 22.7 38.2
Gross Revenue actual (JPY mn) 5 7 9 8 8 8 48
year-on-year (%) 35.1 109.3 80.6 1.0 29.2 23.4 37.8
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 79.8 72.6 72.3 77.7 87.7 79.0 78.2
year-on-year (points) -7.9 -13.6 -4.4 -5.1 0.5 -6.1 -6.1
ADR actual (JPY) 5,102 5,372 5,280 5,495 5,218 5,022 5,244
year-on-year (%) 48.3 58.2 50.3 46.8 21.3 10.4 37.0
RevPAR actual (JPY) 4,069 3,902 3,815 4,271 4,578 3,969 4,100
year-on-year (%) 34.9 33.3 41.7 37.7 22.0 2.5 27.1
Gross Revenue actual (JPY mn) 8 7 7 8 8 7 47
year-on-year (%) 34.1 33.6 40.5 36.3 21.0 -0.2 25.7
    (Note 1) This property was acquired on July 16, 2015.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 65.2 72.2 76.2 86.6 86.8 77.4 77.4
year-on-year (points) 35.2 34.6 35.5 23.8 23.5 17.6 28.3
ADR actual (JPY) 4,913 5,269 4,981 5,486 5,586 5,368 5,287
year-on-year (%) 5.4 -10.9 7.5 15.9 23.8 21.5 11.6
RevPAR actual (JPY) 3,202 3,804 3,798 4,749 4,849 4,153 4,093
year-on-year (%) 128.8 71.2 101.2 59.8 69.9 57.4 76.0
Gross Revenue actual (JPY mn) 21 22 25 30 32 26 158
year-on-year (%) 128.0 70.8 98.8 59.6 71.4 56.4 75.7
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 78.7 75.1 72.7 76.9 82.7 80.7 77.8
year-on-year (points) 23.1 21.7 23.9 28.3 13.6 4.9 19.2
ADR actual (JPY) 5,381 5,592 5,545 5,406 5,380 5,618 5,486
year-on-year (%) 12.8 14.4 15.6 10.1 5.0 14.1 11.7
RevPAR actual (JPY) 4,234 4,201 4,031 4,156 4,451 4,534 4,268
year-on-year (%) 59.6 60.7 72.1 74.3 25.7 21.5 48.4
Gross Revenue actual (JPY mn) 27 27 25 27 28 29 167
year-on-year (%) 59.2 60.2 70.8 73.4 25.6 21.1 47.8
    (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.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 73.0 78.4 87.3 79.4 83.4 92.3 82.3
year-on-year (points) 22.5 31.2 22.0 31.9 29.1 34.1 28.4
ADR actual (JPY) 10,657 12,724 14,169 15,858 13,630 10,963 13,003
year-on-year (%) 134.9 187.9 191.3 184.8 149.2 113.5 159.7
RevPAR actual (JPY) 7,780 9,972 12,366 12,588 11,367 10,117 10,703
year-on-year (%) 239.7 378.4 289.3 376.2 282.6 238.4 296.3
Gross Revenue actual (JPY mn) 14 16 22 21 20 17 112
year-on-year (%) 178.1 265.0 229.3 291.4 225.2 185.6 227.7
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 85.7 87.4 81.2 89.8 86.0 77.5 84.6
year-on-year (points) 26.5 24.9 20.1 13.9 -3.0 -16.4 11.0
ADR actual (JPY) 12,561 13,184 11,865 13,361 14,834 15,243 13,494
year-on-year (%) 125.7 119.0 101.3 88.3 36.5 23.8 59.9
RevPAR actual (JPY) 10,760 11,522 9,631 12,004 12,764 11,810 11,418
year-on-year (%) 226.6 206.4 167.7 122.8 31.9 2.2 83.9
Gross Revenue actual (JPY mn) 19 20 16 21 21 20 121
year-on-year (%) 185.6 166.0 139.4 105.6 29.1 1.8 74.2
    (Note 1) This property was acquired on January 22, 2016.
    (Note 1) This property was acquired on January 22, 2016.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
    (Note 1) This property was acquired on January 22, 2016.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
    (Note 1) This property was acquired on January 22, 2016.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
    (Note 1) This property was acquired on January 22, 2016.
    (Note 2) Their leases have only fixed rent. Not disclosed, as operator's consent has not been obtained for disclosure regarding Occupancy, ADR, RevPAR and Gross Revenue.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 78.7 87.5 94.2 92.3 91.4 90.7 89.1
year-on-year (points) 25.7 25.1 21.7 16.4 21.5 12.8 20.5
ADR actual (JPY) 10,641 11,604 13,841 14,020 12,485 11,567 12,427
year-on-year (%) 57.1 76.5 122.6 123.9 97.7 82.5 94.5
RevPAR actual (JPY) 8,371 10,159 13,040 12,941 11,407 10,497 11,077
year-on-year (%) 133.2 147.4 189.1 172.3 158.4 112.5 152.6
Gross Revenue actual (JPY mn) 113 123 173 164 150 136 860
year-on-year (%) 116.8 130.8 166.4 151.1 127.0 97.9 131.9
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 93.1 91.7 93.2 94.0 93.9 93.3 93.2
year-on-year (points) 12.7 6.6 12.4 11.2 8.9 6.0 9.6
ADR actual (JPY) 11,945 11,710 12,049 13,651 14,789 14,379 13,091
year-on-year (%) 67.7 71.6 67.3 55.5 26.0 0.3 39.4
RevPAR actual (JPY) 11,123 10,735 11,230 12,832 13,887 13,416 12,200
year-on-year (%) 94.1 85.0 92.9 76.5 39.2 7.2 55.4
Gross Revenue actual (JPY mn) 146 142 143 169 177 176 955
year-on-year (%) 82.6 76.5 82.5 71.0 38.2 7.6 51.4
    (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
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 62.9 73.8 96.8 86.5 80.7 80.8 80.3
year-on-year (points) 16.3 38.3 25.1 4.8 -8.1 0.2 12.5
ADR actual (JPY) 26,694 20,028 24,978 24,444 30,447 21,600 24,788
year-on-year (%) -8.8 -4.1 0.3 -1.2 7.5 4.8 -0.8
RevPAR actual (JPY) 16,780 14,781 24,182 21,150 24,586 17,443 19,910
year-on-year (%) 23.2 99.1 35.4 4.6 -2.2 5.0 17.5
Gross Revenue actual (JPY mn) 399 361 564 505 552 465 2,849
year-on-year (%) 26.5 89.2 42.1 12.7 -2.4 10.4 21.8
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 96.6 100.0 98.4 96.1 94.6 79.9 94.2
year-on-year (points) 8.9 5.7 2.9 0.0 -4.4 -6.3 1.1
ADR actual (JPY) 32,407 53,146 26,165 26,543 25,671 28,194 32,341
year-on-year (%) -2.7 -5.3 -6.2 -4.6 3.0 3.2 -1.8
RevPAR actual (JPY) 31,304 53,146 25,735 25,510 24,275 22,525 30,475
year-on-year (%) 7.2 0.4 -3.3 -4.6 -1.5 -4.4 -0.6
Gross Revenue actual (JPY mn) 648 900 585 617 589 506 3,848
year-on-year (%) 11.0 1.8 4.2 0.9 3.7 -1.4 3.3
    (Note 1) This property was acquired on March 31, 2016.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 74.4 89.3 91.9 85.0 82.8 82.5 84.2
year-on-year (points) 37.9 50.0 19.1 14.4 5.1 23.9 24.7
ADR actual (JPY) 9,081 11,217 10,909 9,303 10,915 10,220 10,304
year-on-year (%) 88.9 160.1 150.1 86.4 115.8 110.0 116.2
RevPAR actual (JPY) 6,754 10,019 10,020 7,907 9,043 8,435 8,680
year-on-year (%) 285.0 490.1 215.7 124.5 130.0 195.9 206.0
Gross Revenue actual (JPY mn) 48 63 70 54 63 57 358
year-on-year (%) 251.3 442.8 199.1 117.5 124.0 180.0 191.0
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 87.3 87.6 86.9 88.9 87.2 85.4 87.2
year-on-year (points) 23.0 16.3 16.8 22.8 6.4 9.7 15.9
ADR actual (JPY) 11,127 11,469 9,889 11,383 15,018 14,498 12,218
year-on-year (%) 83.4 94.4 48.6 31.2 42.7 17.5 44.0
RevPAR actual (JPY) 9,716 10,045 8,592 10,124 13,094 12,388 10,658
year-on-year (%) 149.0 139.0 84.2 76.3 54.1 32.5 76.0
Gross Revenue actual (JPY mn) 68 70 58 70 88 86 443
year-on-year (%) 138.6 127.9 71.4 71.9 51.6 30.8 70.8
    (Note 1) This property was acquired on March 31, 2016.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 92.9 95.0 97.1 96.8 96.7 96.4 95.8
year-on-year (points) 22.9 16.6 8.8 8.0 4.4 12.9 12.2
ADR actual (JPY) 9,553 11,281 13,864 14,817 12,857 12,390 12,492
year-on-year (%) 88.1 135.3 155.4 135.1 107.6 96.8 118.0
RevPAR actual (JPY) 8,875 10,717 13,464 14,337 12,434 11,945 11,970
year-on-year (%) 149.6 185.2 181.0 156.2 117.4 127.2 149.9
Gross Revenue actual (JPY mn) 29 31 44 45 40 38 229
year-on-year (%) 147.3 182.6 177.3 153.4 117.3 126.8 148.1
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 93.9 94.6 93.1 96.5 96.7 93.7 94.7
year-on-year (points) 13.3 7.2 11.2 13.2 5.9 -3.4 7.9
ADR actual (JPY) 12,906 11,607 12,382 14,210 15,260 16,368 13,796
year-on-year (%) 84.6 84.1 78.6 60.6 24.2 18.3 47.4
RevPAR actual (JPY) 12,113 10,983 11,529 13,713 14,751 15,342 13,071
year-on-year (%) 115.0 99.3 103.1 86.0 32.2 14.2 60.8
Gross Revenue actual (JPY mn) 39 36 36 45 46 50 255
year-on-year (%) 114.5 98.1 102.6 85.8 32.0 14.3 60.6
    (Note 1) This property was acquired on March 31, 2016.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 56.5 72.8 78.8 74.6 70.9 67.7 70.2
year-on-year (points) 11.3 32.1 20.9 22.8 14.9 12.8 18.9
ADR actual (JPY) 7,363 8,368 11,596 10,539 15,397 8,701 10,503
year-on-year (%) 14.9 33.6 58.8 22.3 27.6 37.8 31.7
RevPAR actual (JPY) 4,156 6,095 9,135 7,866 10,917 5,894 7,370
year-on-year (%) 43.6 138.6 116.2 76.0 61.5 70.1 80.3
Gross Revenue actual (JPY mn) 45 57 87 75 101 59 427
year-on-year (%) 25.4 82.8 85.1 59.4 50.5 49.2 58.3
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 74.0 77.8 75.4 80.8 79.0 70.4 76.2
year-on-year (points) 16.3 4.6 9.1 14.0 8.3 1.0 8.9
ADR actual (JPY) 9,462 13,219 10,905 12,609 15,776 10,655 12,155
year-on-year (%) 13.5 27.8 10.2 15.5 16.5 2.5 14.3
RevPAR actual (JPY) 7,006 10,279 8,217 10,182 12,461 7,496 9,262
year-on-year (%) 45.6 35.9 25.3 39.7 30.2 3.9 29.4
Gross Revenue actual (JPY mn) 71 100 78 98 112 76 537
year-on-year (%) 34.9 28.4 21.8 33.8 27.1 5.5 25.0
    (Note 1) This property was acquired on June 15, 2016.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) - - - - 87.6 87.4 -
year-on-year (points) - - - - 1.7 16.5 -
ADR actual (JPY) - - - - 8,316 7,245 -
year-on-year (%) - - - - 9.3 10.9 -
RevPAR actual (JPY) - - - - 7,283 6,330 -
year-on-year (%) - - - - 11.6 36.7 -
Gross Revenue actual (JPY mn) - - - - 57 51 -
year-on-year (%) - - - - 20.5 47.5 -
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 87.6 90.1 86.5 88.4 90.3 75.6 86.4
year-on-year (points) 9.1 0.2 8.6 6.7 2.3 -8.7 3.0
ADR actual (JPY) 7,709 9,711 8,335 8,653 8,796 7,616 8,497
year-on-year (%) -3.6 3.3 15.2 2.1 -0.4 0.6 2.5
RevPAR actual (JPY) 6,755 8,752 7,210 7,646 7,947 5,761 7,343
year-on-year (%) 7.6 3.5 28.0 10.5 2.2 -9.8 6.3
Gross Revenue actual (JPY mn) 55 66 54 62 63 48 350
year-on-year (%) 24.1 16.3 40.8 25.2 12.0 3.8 19.4
    (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.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 87.3 92.8 95.4 93.8 93.6 92.9 92.6
year-on-year (points) 22.8 29.0 21.4 15.8 8.3 13.8 18.4
ADR actual (JPY) 15,677 16,098 21,160 26,118 21,522 20,210 20,228
year-on-year (%) 121.4 147.7 179.6 221.6 162.8 146.7 163.3
RevPAR actual (JPY) 13,688 14,933 20,182 24,508 20,139 18,773 18,734
year-on-year (%) 199.9 260.3 260.7 286.5 188.5 189.6 228.5
Gross Revenue actual (JPY mn) 57 56 81 95 81 74 447
year-on-year (%) 167.9 247.6 243.9 256.6 150.3 156.7 198.5
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 90.8 94.7 90.9 94.2 92.7 93.0 92.7
year-on-year (points) 11.8 10.0 12.1 23.1 12.8 0.6 11.7
ADR actual (JPY) 22,680 21,187 19,851 23,826 24,444 29,726 23,645
year-on-year (%) 143.7 142.2 117.0 86.0 20.3 28.6 67.4
RevPAR actual (JPY) 20,595 20,060 18,054 22,436 22,658 27,640 21,924
year-on-year (%) 180.2 170.8 150.2 146.5 39.6 29.3 91.6
Gross Revenue actual (JPY mn) 83 81 71 90 88 109 525
year-on-year (%) 152.7 146.9 127.3 130.5 36.4 27.6 82.7
    (Note 1) This property was acquired on May 29, 2017.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 57.6 71.0 83.1 74.3 72.0 68.7 71.1
year-on-year (points) 29.4 36.9 30.5 8.5 15.6 10.2 21.8
ADR actual (JPY) 6,884 7,782 8,532 8,785 8,466 6,954 7,967
year-on-year (%) 62.4 84.3 85.9 81.7 74.5 48.4 71.7
RevPAR actual (JPY) 3,966 5,524 7,089 6,531 6,097 4,779 5,667
year-on-year (%) 232.2 284.3 193.9 105.3 122.9 74.2 147.4
Gross Revenue actual (JPY mn) 78 96 124 112 111 94 617
year-on-year (%) 48.9 173.6 135.4 67.3 90.3 37.7 84.2
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 71.0 77.6 74.0 76.7 78.8 70.7 74.8
year-on-year (points) 11.7 17.9 22.0 7.4 -0.8 -8.4 8.3
ADR actual (JPY) 7,142 7,151 7,355 7,909 8,996 8,053 7,774
year-on-year (%) 35.6 37.1 40.4 23.8 16.6 -3.2 18.8
RevPAR actual (JPY) 5,070 5,551 5,441 6,068 7,089 5,696 5,814
year-on-year (%) 62.4 78.1 99.9 37.1 15.4 -13.4 33.6
Gross Revenue actual (JPY mn) 101 106 108 120 133 106 677
year-on-year (%) 42.5 73.9 65.6 27.1 18.4 -3.3 31.2
    (Note 1) This property was acquired on October 13, 2017.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 70.2 84.2 91.3 85.9 88.7 85.1 84.2
year-on-year (points) 5.1 18.0 15.2 -2.8 15.1 10.0 10.1
ADR actual (JPY) 10,273 11,232 14,940 17,651 13,913 13,212 13,684
year-on-year (%) 77.9 99.0 158.1 200.4 117.9 115.4 130.2
RevPAR actual (JPY) 7,212 9,460 13,635 15,170 12,335 11,245 11,525
year-on-year (%) 92.0 153.3 209.6 191.0 162.7 144.0 161.5
Gross Revenue actual (JPY mn) 62 71 108 117 100 90 551
year-on-year (%) 76.2 132.9 167.4 156.2 128.5 118.4 131.4
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 89.2 90.1 81.5 88.1 86.2 83.4 86.4
year-on-year (points) 1.7 1.4 -3.9 14.9 6.6 -3.2 2.9
ADR actual (JPY) 14,663 15,310 13,397 15,709 16,805 19,090 15,829
year-on-year (%) 123.3 132.6 106.2 95.8 71.3 56.9 91.8
RevPAR actual (JPY) 13,083 13,794 10,919 13,835 14,489 15,916 13,683
year-on-year (%) 127.6 136.3 96.8 135.7 85.4 51.2 98.5
Gross Revenue actual (JPY mn) 105 111 88 111 112 126 655
year-on-year (%) 107.0 116.0 82.6 114.6 72.0 46.8 85.0
    (Note 1) This property was acquired on October 13, 2017.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 69.6 82.9 89.6 79.6 82.0 84.1 81.3
year-on-year (points) 30.8 37.4 18.3 23.0 25.0 23.9 26.3
ADR actual (JPY) 12,917 12,123 15,004 12,675 15,039 10,016 13,016
year-on-year (%) 2.6 64.4 46.5 24.7 11.9 13.4 24.5
RevPAR actual (JPY) 8,994 10,055 13,447 10,085 12,330 8,425 10,579
year-on-year (%) 84.0 199.3 84.1 75.5 61.0 58.4 83.9
Gross Revenue actual (JPY mn) 143 144 210 156 192 142 990
year-on-year (%) 78.9 170.2 80.3 74.5 64.4 65.6 82.2
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 84.3 84.7 76.8 82.0 85.3 78.5 81.9
year-on-year (points) 28.3 13.4 13.3 20.4 6.0 3.5 14.2
ADR actual (JPY) 12,360 15,866 11,576 12,470 14,262 15,120 13,638
year-on-year (%) 18.6 11.8 -4.9 -11.4 -0.1 -4.7 -0.2
RevPAR actual (JPY) 10,416 13,445 8,891 10,223 12,164 11,862 11,174
year-on-year (%) 78.5 32.7 15.1 17.8 7.5 -0.2 20.7
Gross Revenue actual (JPY mn) 171 203 141 177 197 195 1,087
year-on-year (%) 84.1 28.1 28.0 31.7 13.3 9.5 27.9
    (Note 1) This property was acquired on October 13, 2017.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 62.6 88.6 81.0 71.1 78.3 86.9 77.9
year-on-year (points) 19.1 43.8 27.4 16.6 20.3 13.8 23.3
ADR actual (JPY) 7,773 12,607 8,228 7,814 10,206 11,261 9,774
year-on-year (%) 41.7 72.5 58.7 53.0 70.5 62.5 62.5
RevPAR actual (JPY) 4,869 11,167 6,669 5,555 7,990 9,787 7,615
year-on-year (%) 103.9 241.7 139.7 99.7 130.4 93.2 131.7
Gross Revenue actual (JPY mn) 38 78 52 43 62 74 350
year-on-year (%) 90.3 214.7 117.0 88.9 120.5 88.3 118.3
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 92.7 92.0 87.6 74.2 66.7 82.1 82.6
year-on-year (points) 14.7 11.0 4.0 4.8 7.0 8.1 8.3
ADR actual (JPY) 15,884 17,064 12,996 10,114 8,658 10,521 12,884
year-on-year (%) 69.4 57.4 44.5 20.9 8.3 18.4 40.8
RevPAR actual (JPY) 14,726 15,702 11,381 7,503 5,772 8,633 10,642
year-on-year (%) 101.2 78.8 51.4 29.3 21.0 31.4 56.5
Gross Revenue actual (JPY mn) 114 122 86 60 44 67 496
year-on-year (%) 97.3 75.8 47.8 31.7 16.8 31.9 54.3
    (Note 1) This property was acquired on October 13, 2017.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 79.4 88.2 92.5 85.8 90.8 91.3 88.0
year-on-year (points) -7.8 -2.9 0.6 -7.7 0.6 2.7 -2.4
ADR actual (JPY) 8,419 9,771 11,465 11,904 11,274 10,174 10,547
year-on-year (%) 51.5 83.3 89.9 56.4 34.5 35.6 56.1
RevPAR actual (JPY) 6,687 8,621 10,600 10,218 10,234 9,290 9,281
year-on-year (%) 37.9 77.4 91.1 43.5 35.5 39.8 51.9
Gross Revenue actual (JPY mn) 35 40 55 51 53 47 284
year-on-year (%) 37.3 72.5 88.0 42.8 33.5 38.1 49.9
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 89.7 90.2 85.7 91.1 91.9 89.6 89.7
year-on-year (points) -1.9 -5.1 -2.5 1.9 4.9 1.5 -0.2
ADR actual (JPY) 10,156 11,121 11,057 10,216 10,406 11,778 10,785
year-on-year (%) 16.9 34.9 26.1 7.2 -6.3 -12.7 8.5
RevPAR actual (JPY) 9,114 10,036 9,473 9,307 9,561 10,555 9,676
year-on-year (%) 14.6 27.7 22.5 9.5 -1.0 -11.2 8.3
Gross Revenue actual (JPY mn) 47 52 48 48 48 55 301
year-on-year (%) 14.2 27.1 21.6 9.2 -1.1 -11.4 8.0
    (Note 1) This property was acquired on February 7, 2018.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 45.1 62.8 80.9 76.0 73.4 71.6 68.3
year-on-year (points) 13.6 27.2 35.2 10.4 15.6 7.7 18.2
ADR actual (JPY) 7,130 6,905 7,397 8,959 8,175 7,092 7,675
year-on-year (%) 4.0 1.2 10.2 5.8 8.8 1.6 4.6
RevPAR actual (JPY) 3,219 4,334 5,981 6,813 5,999 5,081 5,245
year-on-year (%) 48.9 78.4 95.1 22.5 38.1 13.8 42.6
Gross Revenue actual (JPY mn) 33 35 57 64 62 50 304
year-on-year (%) 42.0 55.9 71.6 22.4 58.0 -4.1 35.3
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 74.0 78.1 70.9 76.6 71.7 64.5 72.6
year-on-year (points) 7.4 7.6 0.3 4.9 3.7 6.6 5.1
ADR actual (JPY) 7,482 9,490 7,339 7,719 7,455 6,793 7,758
year-on-year (%) 2.0 7.5 3.2 -7.6 -7.5 -12.1 -2.0
RevPAR actual (JPY) 5,540 7,412 5,200 5,915 5,345 4,378 5,636
year-on-year (%) 13.3 19.0 3.7 -1.2 -2.5 -2.1 5.4
Gross Revenue actual (JPY mn) 58 71 57 64 57 56 366
year-on-year (%) 23.0 37.7 9.1 2.9 2.2 23.7 15.5
    (Note 1) This property was acquired on February 7, 2018.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 58.6 65.1 78.6 83.4 75.4 88.0 74.9
year-on-year (points) -3.8 22.9 17.7 9.7 -7.8 -4.1 5.5
ADR actual (JPY) 9,207 11,395 10,024 20,067 14,904 11,985 13,177
year-on-year (%) 21.1 20.1 51.1 14.9 35.3 38.3 27.8
RevPAR actual (JPY) 5,397 7,414 7,874 16,742 11,233 10,551 9,868
year-on-year (%) 13.8 85.1 94.9 29.9 22.7 32.2 38.0
Gross Revenue actual (JPY mn) 55 57 74 123 117 88 517
year-on-year (%) 24.8 73.9 44.7 31.2 39.5 20.0 35.6
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 83.8 85.0 84.7 84.4 77.2 66.7 80.3
year-on-year (points) -4.3 2.6 -6.4 -4.4 -9.5 -2.2 -4.0
ADR actual (JPY) 13,010 21,389 12,443 14,690 11,982 9,721 14,083
year-on-year (%) 32.3 25.3 29.5 8.9 9.6 -3.9 18.8
RevPAR actual (JPY) 10,902 18,181 10,540 12,395 9,245 6,480 11,306
year-on-year (%) 25.9 29.3 20.4 3.5 -2.3 -7.0 13.2
Gross Revenue actual (JPY mn) 100 126 96 108 102 94 628
year-on-year (%) 18.9 28.1 22.0 9.2 25.6 26.5 21.4
    (Note 1) This property was acquired on February 7, 2018.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) - - - 83.0 83.7 79.1 -
year-on-year (points) - - - - - - -
ADR actual (JPY) - - - 7,291 8,946 7,374 -
year-on-year (%) - - - - - - -
RevPAR actual (JPY) - - - 6,052 7,489 5,830 -
year-on-year (%) - - - - - - -
Gross Revenue actual (JPY mn) - - - 28 35 27 -
year-on-year (%) - - - - - - -
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 78.1 92.6 86.7 81.6 82.4 81.9 83.9
year-on-year (points) - - - - - - -
ADR actual (JPY) 7,848 7,439 6,758 7,593 9,242 7,796 7,761
year-on-year (%) - - - - - - -
RevPAR actual (JPY) 6,128 6,888 5,858 6,194 7,614 6,383 6,509
year-on-year (%) - - - - - - -
Gross Revenue actual (JPY mn) 29 33 27 29 35 30 185
year-on-year (%) - - - - - - -
    (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 figures for each month from January to March, the January-June 2023 total are not disclosed as the consent from the parties concerned has not been obtained.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 83.1 89.1 91.7 91.6 89.9 93.7 89.8
year-on-year (points) 19.2 18.1 4.0 1.2 9.0 4.4 9.3
ADR actual (JPY) 9,104 10,335 12,061 13,468 11,799 10,706 11,286
year-on-year (%) 58.4 81.1 119.3 112.2 83.4 75.2 88.4
RevPAR actual (JPY) 7,564 9,208 11,060 12,333 10,605 10,031 10,137
year-on-year (%) 106.1 127.4 129.3 115.1 103.8 83.8 110.0
Gross Revenue actual (JPY mn) 26 28 38 41 36 33 203
year-on-year (%) 107.4 127.8 127.7 115.4 104.8 84.9 110.4
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 93.5 90.2 92.8 94.0 92.8 93.3 92.8
year-on-year (points) 1.8 0.6 3.6 4.8 4.8 2.3 3.0
ADR actual (JPY) 10,282 10,486 11,003 12,322 13,958 14,040 12,018
year-on-year (%) 52.0 70.0 66.1 54.8 38.5 11.4 43.6
RevPAR actual (JPY) 9,609 9,456 10,213 11,588 12,947 13,101 11,148
year-on-year (%) 55.1 71.2 72.8 63.2 46.1 14.3 48.4
Gross Revenue actual (JPY mn) 33 32 33 39 42 44 227
year-on-year (%) 53.8 70.0 72.2 62.9 45.9 14.5 48.1
    (Note 1) This property was acquired on June 27, 2018.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 87.3 89.8 88.7 88.7 89.7 93.1 89.5
year-on-year (points) 7.2 5.4 2.0 1.6 2.3 7.0 4.2
ADR actual (JPY) 8,563 10,974 11,711 11,349 10,438 9,325 10,382
year-on-year (%) 39.5 37.8 58.8 47.7 54.6 32.2 45.1
RevPAR actual (JPY) 7,476 9,860 10,391 10,070 9,359 8,678 9,296
year-on-year (%) 52.0 46.7 62.5 50.4 58.7 43.0 52.3
Gross Revenue actual (JPY mn) 29 34 40 38 37 33 214
year-on-year (%) 47.9 43.8 59.2 47.5 56.6 40.3 49.3
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 89.9 92.9 90.1 91.7 93.0 91.8 91.6
year-on-year (points) 0.9 -0.3 2.6 9.8 4.1 1.8 3.2
ADR actual (JPY) 10,055 11,134 10,646 10,456 11,515 11,271 10,849
year-on-year (%) 32.3 28.9 37.8 11.3 -3.1 -1.7 14.8
RevPAR actual (JPY) 9,039 10,341 9,590 9,589 10,713 10,352 9,935
year-on-year (%) 33.6 28.5 42.0 24.6 1.4 0.3 18.9
Gross Revenue actual (JPY mn) 35 40 36 37 41 41 233
year-on-year (%) 32.6 27.6 38.7 24.4 3.4 1.9 19.1
    (Note 1) This property was acquired on June 27, 2018.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 72.2 83.8 90.1 90.8 89.4 89.1 85.9
year-on-year (points) 32.2 33.4 30.7 27.7 32.0 34.6 31.7
ADR actual (JPY) 10,393 11,558 15,135 17,188 14,854 13,109 13,873
year-on-year (%) 78.3 118.3 162.5 175.1 126.8 92.1 126.8
RevPAR actual (JPY) 7,507 9,691 13,640 15,607 13,283 11,684 11,920
year-on-year (%) 221.7 262.5 298.5 295.6 253.0 214.1 259.6
Gross Revenue actual (JPY mn) 83 96 148 164 145 125 764
year-on-year (%) 181.7 223.0 260.4 250.9 200.9 190.9 219.5
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 88.2 90.8 92.4 91.5 90.9 88.8 90.4
year-on-year (points) 27.7 20.8 15.4 17.2 17.5 9.9 18.1
ADR actual (JPY) 13,020 12,762 13,900 17,301 18,749 19,226 15,819
year-on-year (%) 80.5 97.4 111.1 115.0 75.1 48.8 80.7
RevPAR actual (JPY) 11,478 11,590 12,838 15,823 17,043 17,072 14,300
year-on-year (%) 163.3 155.9 153.4 164.9 116.8 67.4 125.9
Gross Revenue actual (JPY mn) 127 129 137 173 182 185 936
year-on-year (%) 149.1 148.2 142.3 153.3 112.9 65.9 119.6
    (Note 1) This property was acquired on August 2, 2018.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 58.1 84.1 75.7 59.9 61.3 76.8 69.1
year-on-year (points) 24.5 57.9 32.7 14.1 12.0 23.4 27.0
ADR actual (JPY) 8,978 14,210 8,891 8,150 12,486 13,498 11,194
year-on-year (%) 12.5 92.6 43.5 29.7 53.2 35.5 44.3
RevPAR actual (JPY) 5,221 11,945 6,727 4,881 7,655 10,369 7,733
year-on-year (%) 94.5 519.7 152.8 69.6 90.6 94.7 137.1
Gross Revenue actual (JPY mn) 107 182 135 99 142 178 846
year-on-year (%) 65.2 349.7 91.3 38.4 48.8 60.8 85.9
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 83.2 80.6 78.6 64.9 62.8 67.9 73.0
year-on-year (points) 26.7 19.9 4.9 6.8 8.5 -2.1 10.8
ADR actual (JPY) 19,978 21,818 14,881 11,107 9,037 11,179 15,185
year-on-year (%) 61.6 51.3 48.4 9.9 -0.6 3.3 36.3
RevPAR actual (JPY) 16,622 17,587 11,698 7,204 5,677 7,594 11,089
year-on-year (%) 138.2 100.8 58.3 22.8 14.9 0.1 60.1
Gross Revenue actual (JPY mn) 273 289 196 139 113 146 1,159
year-on-year (%) 100.9 79.3 40.0 16.4 19.0 0.9 45.2
    (Note 1) This property was acquired on August 2, 2018.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 86.9 89.2 91.9 94.3 90.4 87.7 90.1
year-on-year (points) 53.7 54.7 55.5 21.8 12.0 40.8 39.6
ADR actual (JPY) 6,878 7,553 10,816 9,476 9,860 9,574 9,068
year-on-year (%) 45.4 62.4 115.5 96.4 124.3 91.2 91.5
RevPAR actual (JPY) 5,978 6,738 9,939 8,933 8,916 8,400 8,168
year-on-year (%) 280.8 319.7 444.1 155.5 158.5 257.5 241.8
Gross Revenue actual (JPY mn) 28 29 47 41 42 38 227
year-on-year (%) 267.0 294.9 412.8 153.4 158.7 255.2 234.4
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 88.2 90.3 89.8 92.3 92.4 89.3 90.4
year-on-year (points) 26.1 17.9 20.3 19.3 15.0 4.2 17.1
ADR actual (JPY) 9,520 9,301 9,132 9,881 11,135 11,857 10,141
year-on-year (%) 97.1 96.6 87.8 85.5 67.0 41.6 71.5
RevPAR actual (JPY) 8,392 8,397 8,205 9,125 10,287 10,592 9,165
year-on-year (%) 179.9 145.3 142.6 134.6 99.4 48.7 111.7
Gross Revenue actual (JPY mn) 40 40 38 43 47 52 263
year-on-year (%) 179.0 145.8 143.0 135.8 99.1 56.0 114.0
    (Note 1) This property was acquired on August 2, 2018.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 66.0 72.5 83.2 74.7 66.2 74.9 72.9
year-on-year (points) 26.5 25.7 22.1 -10.7 9.9 8.0 13.5
ADR actual (JPY) 8,893 10,856 12,436 12,238 12,716 9,864 11,215
year-on-year (%) 84.3 144.6 150.1 135.3 147.4 97.2 125.3
RevPAR actual (JPY) 5,870 7,869 10,341 9,140 8,421 7,392 8,176
year-on-year (%) 207.7 278.6 240.8 105.8 191.0 120.8 176.7
Gross Revenue actual (JPY mn) 20 24 35 30 29 25 166
year-on-year (%) 189.1 255.3 230.1 102.7 181.0 115.8 167.6
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 71.5 68.8 74.0 79.7 75.7 69.8 73.2
year-on-year (points) 17.5 7.2 0.6 2.4 -10.4 -22.2 -0.8
ADR actual (JPY) 10,364 11,555 10,123 11,087 12,417 12,453 11,327
year-on-year (%) 77.2 93.0 90.8 57.4 44.2 34.0 56.5
RevPAR actual (JPY) 7,414 7,951 7,486 8,832 9,401 8,696 8,295
year-on-year (%) 134.7 115.7 92.2 62.4 26.7 1.7 54.9
Gross Revenue actual (JPY mn) 25 27 24 31 31 30 171
year-on-year (%) 125.8 111.5 85.0 63.5 26.4 0.7 53.0
    (Note 1) This property was acquired on August 2, 2018.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 64.2 87.8 83.7 71.1 82.4 88.0 79.4
year-on-year (points) 26.0 51.4 37.8 18.6 27.6 15.0 29.2
ADR actual (JPY) 9,606 15,446 9,945 9,460 12,183 13,831 11,879
year-on-year (%) 41.6 72.4 50.7 54.1 67.5 73.4 63.5
RevPAR actual (JPY) 6,165 13,565 8,325 6,729 10,039 12,169 9,432
year-on-year (%) 138.2 316.2 174.5 108.6 152.1 109.0 158.5
Gross Revenue actual (JPY mn) 74 135 98 79 114 135 638
year-on-year (%) 90.8 233.2 122.2 83.9 128.0 98.2 123.1
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 92.3 93.2 84.7 75.2 65.6 78.5 81.6
year-on-year (points) 15.1 12.4 -2.0 0.7 -0.5 -0.6 4.2
ADR actual (JPY) 20,226 21,962 16,374 12,558 10,990 14,268 16,544
year-on-year (%) 88.1 65.9 59.4 31.6 17.2 31.3 54.1
RevPAR actual (JPY) 18,669 20,474 13,862 9,443 7,205 11,205 13,508
year-on-year (%) 124.7 91.3 55.7 32.9 16.2 30.4 62.5
Gross Revenue actual (JPY mn) 205 220 151 118 87 129 912
year-on-year (%) 119.3 85.5 51.3 41.2 21.8 30.9 60.9
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 66.0 84.8 91.8 86.7 75.8 78.1 80.4
year-on-year (points) 38.6 62.5 30.0 14.4 8.3 7.2 26.4
ADR actual (JPY) 13,272 13,898 15,533 15,185 18,116 19,203 15,894
year-on-year (%) -7.1 29.4 12.9 16.4 16.0 40.9 14.9
RevPAR actual (JPY) 8,762 11,783 14,255 13,170 13,732 14,994 12,785
year-on-year (%) 123.3 391.9 67.6 39.6 30.3 55.2 71.2
Gross Revenue actual (JPY mn) 119 136 173 151 170 166 917
year-on-year (%) 102.2 237.4 56.0 33.2 30.0 45.2 60.9
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 83.2 78.0 75.5 80.0 77.9 55.1 75.0
year-on-year (points) -2.4 0.0 10.1 -6.9 -9.8 -25.6 -5.9
ADR actual (JPY) 26,772 30,990 18,358 16,711 14,495 14,922 20,771
year-on-year (%) 20.7 7.1 9.0 4.4 3.3 9.1 11.8
RevPAR actual (JPY) 22,285 24,176 13,862 13,375 11,290 8,228 15,568
year-on-year (%) 17.2 7.0 25.8 -3.8 -8.3 -25.5 3.7
Gross Revenue actual (JPY mn) 236 254 155 177 149 117 1,091
year-on-year (%) 17.2 9.6 27.9 3.5 -3.0 -19.6 6.2
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 74.0 77.9 83.7 85.3 83.6 77.1 80.3
year-on-year (points) 42.8 44.7 23.5 30.9 18.4 24.2 30.6
ADR actual (JPY) 18,194 16,005 22,879 27,916 25,155 18,636 21,726
year-on-year (%) 22.5 50.2 85.6 93.9 52.4 41.4 56.4
RevPAR actual (JPY) 13,455 12,467 19,143 23,814 21,036 14,377 17,445
year-on-year (%) 191.1 252.1 158.3 204.1 95.5 105.9 152.6
Gross Revenue actual (JPY mn) 84 71 114 134 124 86 616
year-on-year (%) 150.5 175.2 127.6 171.3 88.7 98.8 128.9
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 88.0 87.6 89.8 89.1 91.5 87.2 88.8
year-on-year (points) 16.4 8.8 13.4 15.0 5.4 10.8 11.7
ADR actual (JPY) 24,467 29,643 26,547 27,135 32,900 26,800 27,922
year-on-year (%) 41.4 28.1 52.8 54.1 58.9 24.5 41.8
RevPAR actual (JPY) 21,524 25,956 23,831 24,190 30,114 23,374 24,808
year-on-year (%) 73.8 42.5 79.4 85.3 68.9 42.1 63.2
Gross Revenue actual (JPY mn) 126 150 132 140 165 136 853
year-on-year (%) 70.9 40.6 70.8 73.4 58.6 37.0 56.7
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 72.2 83.2 73.4 62.3 78.3 93.2 77.0
year-on-year (points) 39.0 45.2 22.5 9.8 14.8 19.7 25.0
ADR actual (JPY) 14,232 16,796 12,979 12,607 16,656 16,821 15,179
year-on-year (%) 13.2 64.1 38.8 26.3 26.0 26.7 30.5
RevPAR actual (JPY) 10,279 13,974 9,526 7,860 13,035 15,669 11,686
year-on-year (%) 146.3 258.8 100.2 49.8 55.4 60.7 93.0
Gross Revenue actual (JPY mn) 63 73 61 49 78 89 416
year-on-year (%) 117.2 204.0 74.6 38.9 45.0 49.8 74.6
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 89.2 92.8 87.1 79.2 69.2 73.6 81.9
year-on-year (points) 17.7 10.4 16.5 4.7 0.9 -0.1 8.3
ADR actual (JPY) 24,050 26,213 19,560 16,093 14,509 18,077 20,170
year-on-year (%) 16.2 15.9 16.1 14.1 7.8 10.4 15.2
RevPAR actual (JPY) 21,463 24,323 17,044 12,738 10,036 13,306 16,517
year-on-year (%) 44.9 30.5 43.2 21.3 9.1 10.2 28.2
Gross Revenue actual (JPY mn) 119 134 96 76 61 77 566
year-on-year (%) 40.4 26.8 37.6 16.7 10.2 9.3 24.8
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 60.0 71.2 81.7 80.8 74.0 59.9 71.3
year-on-year (points) 31.1 37.8 30.8 38.9 16.9 12.6 27.9
ADR actual (JPY) 5,887 7,079 8,575 8,593 12,120 6,826 8,347
year-on-year (%) 8.6 36.2 46.2 17.2 37.5 29.4 27.8
RevPAR actual (JPY) 3,530 5,037 7,006 6,942 8,969 4,088 5,948
year-on-year (%) 125.8 190.7 134.7 126.0 78.1 63.8 110.0
Gross Revenue actual (JPY mn) 25 31 46 45 59 27 235
year-on-year (%) 111.7 155.1 119.2 117.7 73.7 58.4 99.7
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 69.9 77.8 76.4 82.5 88.7 65.6 76.8
year-on-year (points) 20.4 3.8 15.0 8.6 19.1 -1.4 10.8
ADR actual (JPY) 7,353 8,820 8,521 9,611 11,339 7,599 8,988
year-on-year (%) 10.1 17.5 6.9 10.6 -3.0 -8.0 5.2
RevPAR actual (JPY) 5,137 6,864 6,513 7,928 10,057 4,987 6,900
year-on-year (%) 55.6 23.5 33.0 23.4 23.6 -9.9 22.5
Gross Revenue actual (JPY mn) 35 46 43 53 64 34 278
year-on-year (%) 53.4 22.0 33.7 24.6 22.8 -7.9 22.6
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 61.2 80.0 87.6 85.9 84.5 84.8 80.6
year-on-year (points) 18.3 40.4 25.6 12.1 4.7 1.3 16.8
ADR actual (JPY) 6,200 7,228 6,993 7,354 8,721 6,968 7,296
year-on-year (%) 7.4 18.6 23.4 19.0 38.7 19.1 21.8
RevPAR actual (JPY) 3,792 5,784 6,124 6,319 7,368 5,912 5,882
year-on-year (%) 53.2 139.8 74.3 38.6 46.9 21.0 53.9
Gross Revenue actual (JPY mn) 58 78 96 94 106 94 530
year-on-year (%) 42.1 136.1 77.9 38.3 47.0 25.9 53.6
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 83.1 92.5 86.6 87.2 78.4 69.0 82.8
year-on-year (points) 3.9 14.7 2.7 -1.6 -1.9 -8.9 1.5
ADR actual (JPY) 7,294 10,232 8,354 8,342 8,042 6,878 8,271
year-on-year (%) 9.5 17.6 20.8 3.0 5.3 -0.1 10.4
RevPAR actual (JPY) 6,058 9,468 7,236 7,273 6,307 4,746 6,849
year-on-year (%) 14.9 39.7 24.8 1.2 2.8 -11.5 12.5
Gross Revenue actual (JPY mn) 104 127 102 112 102 95 645
year-on-year (%) 25.1 50.0 35.9 13.8 18.5 18.6 26.5
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 81.2 88.7 93.0 91.3 81.5 84.7 86.7
year-on-year (points) 23.8 13.4 12.8 13.3 2.7 1.8 11.3
ADR actual (JPY) 6,600 7,189 7,867 7,879 8,277 7,285 7,530
year-on-year (%) 58.6 80.8 74.9 57.1 42.4 51.8 58.4
RevPAR actual (JPY) 5,359 6,374 7,318 7,192 6,745 6,173 6,528
year-on-year (%) 124.5 112.8 102.7 83.8 47.4 55.1 82.2
Gross Revenue actual (JPY mn) 31 33 41 39 38 34 217
year-on-year (%) 108.3 106.1 92.9 86.3 46.6 51.8 77.8
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 82.5 89.0 81.3 83.4 90.0 87.8 85.7
year-on-year (points) 1.3 4.8 -2.6 5.2 4.8 -3.2 1.7
ADR actual (JPY) 8,442 8,678 10,281 7,997 9,210 10,194 9,129
year-on-year (%) 56.1 58.4 79.0 15.9 21.4 24.4 38.8
RevPAR actual (JPY) 6,964 7,728 8,363 6,670 8,285 8,949 7,821
year-on-year (%) 58.6 67.4 73.5 23.7 28.2 20.0 41.6
Gross Revenue actual (JPY mn) 39 43 45 37 45 50 262
year-on-year (%) 55.3 62.0 68.8 22.8 27.2 19.4 39.5
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 79.7 87.9 73.9 65.4 75.8 93.8 79.3
year-on-year (points) 48.7 54.5 24.3 19.3 13.1 20.6 29.8
ADR actual (JPY) 13,570 16,686 12,881 12,509 17,245 17,603 15,242
year-on-year (%) 12.4 74.5 37.3 23.4 31.5 29.7 30.9
RevPAR actual (JPY) 10,814 14,667 9,523 8,178 13,073 16,508 12,083
year-on-year (%) 188.8 358.9 104.7 75.0 59.0 66.3 109.7
Gross Revenue actual (JPY mn) 44 51 42 36 55 66 297
year-on-year (%) 134.4 276.2 89.6 61.8 55.2 56.5 90.7
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 94.5 90.8 81.6 81.3 62.4 69.8 80.2
year-on-year (points) 18.9 2.8 0.1 6.7 -4.1 -4.4 3.4
ADR actual (JPY) 25,977 29,790 21,234 16,046 13,965 18,975 21,667
year-on-year (%) 20.1 21.1 23.0 11.5 8.3 10.9 18.4
RevPAR actual (JPY) 24,558 27,035 17,334 13,046 8,716 13,254 17,370
year-on-year (%) 50.1 24.9 23.1 21.5 1.5 4.4 23.7
Gross Revenue actual (JPY mn) 93 101 68 56 38 54 413
year-on-year (%) 47.2 23.7 21.8 21.9 9.3 6.8 23.5
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 73.2 86.2 89.9 80.7 87.2 79.4 82.7
year-on-year (points) 5.5 23.9 6.6 -0.6 4.7 0.6 6.6
ADR actual (JPY) 8,070 9,713 12,245 9,222 11,947 7,938 9,977
year-on-year (%) 55.2 111.8 108.1 51.0 77.8 41.5 73.1
RevPAR actual (JPY) 5,906 8,370 11,014 7,443 10,417 6,303 8,255
year-on-year (%) 67.9 193.1 124.5 49.8 88.0 42.7 88.1
Gross Revenue actual (JPY mn) 48 57 82 57 77 51 374
year-on-year (%) 58.4 140.9 101.0 48.4 55.9 40.1 69.9
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 81.6 84.2 79.7 85.4 82.9 74.6 81.4
year-on-year (points) 3.6 -4.5 -0.6 1.5 0.2 -10.3 -1.7
ADR actual (JPY) 7,633 7,763 8,542 12,754 9,071 6,947 8,839
year-on-year (%) 18.6 10.1 8.3 15.5 -25.8 -37.1 -4.8
RevPAR actual (JPY) 6,225 6,541 6,812 10,888 7,522 5,180 7,195
year-on-year (%) 24.1 4.6 7.5 17.6 -25.6 -44.7 -6.8
Gross Revenue actual (JPY mn) 51 53 52 80 61 49 350
year-on-year (%) 28.5 12.1 11.9 17.9 -17.4 -28.6 0.6
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 82.6 88.5 78.9 65.2 75.5 90.5 80.1
year-on-year (points) 27.5 34.3 23.1 8.1 7.0 0.0 16.5
ADR actual (JPY) 6,672 8,612 7,861 6,424 10,514 11,447 8,686
year-on-year (%) 15.9 75.4 43.7 -8.5 43.5 41.2 31.0
RevPAR actual (JPY) 5,509 7,625 6,200 4,187 7,941 10,354 6,955
year-on-year (%) 73.8 186.2 103.4 4.6 58.1 41.3 65.0
Gross Revenue actual (JPY mn) 134 144 155 120 156 200 913
year-on-year (%) 88.7 169.3 100.9 36.8 37.6 39.1 66.3
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 95.2 87.7 86.3 81.4 68.8 74.5 82.4
year-on-year (points) 9.4 0.4 -1.5 -2.8 -9.5 -13.6 -2.9
ADR actual (JPY) 19,876 20,270 12,741 9,328 7,445 8,450 13,538
year-on-year (%) 32.0 29.8 17.5 8.4 4.8 16.7 25.1
RevPAR actual (JPY) 18,920 17,776 10,996 7,588 5,123 6,293 11,149
year-on-year (%) 46.4 30.4 15.5 4.8 -7.9 -1.4 20.8
Gross Revenue actual (JPY mn) 281 260 180 164 139 188 1,215
year-on-year (%) 39.2 42.5 16.6 5.4 8.2 36.4 26.1
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 58.3 70.6 77.3 65.6 71.2 73.9 69.5
year-on-year (points) 18.1 31.0 16.0 2.6 14.9 0.9 13.8
ADR actual (JPY) 8,182 9,032 9,342 8,043 10,143 7,272 8,699
year-on-year (%) 23.9 51.8 41.1 14.8 24.3 13.8 27.3
RevPAR actual (JPY) 4,770 6,378 7,221 5,279 7,227 5,373 6,044
year-on-year (%) 79.8 170.9 78.1 19.6 57.1 15.3 58.8
Gross Revenue actual (JPY mn) 44 53 66 50 63 56 335
year-on-year (%) 30.0 129.3 80.3 35.3 55.8 24.0 53.6
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 75.1 75.9 69.5 72.2 78.0 64.7 72.6
year-on-year (points) 5.6 10.4 13.4 7.6 -4.8 -8.5 3.9
ADR actual (JPY) 7,948 10,797 8,775 10,893 11,751 8,081 9,760
year-on-year (%) 2.4 5.9 12.0 17.8 16.7 -13.5 6.8
RevPAR actual (JPY) 5,973 8,200 6,095 7,870 9,169 5,225 7,083
year-on-year (%) 10.6 22.8 38.8 31.7 10.0 -23.6 13.0
Gross Revenue actual (JPY mn) 64 74 58 69 78 64 410
year-on-year (%) 31.5 41.2 52.2 32.6 15.4 2.7 26.7
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 38.7 70.2 59.2 48.2 65.7 78.9 60.0
year-on-year (points) 7.2 46.9 31.2 10.9 22.5 28.9 24.3
ADR actual (JPY) 5,986 10,222 6,743 6,460 8,189 9,234 8,066
year-on-year (%) 30.8 143.9 68.2 44.4 47.4 50.5 61.0
RevPAR actual (JPY) 2,319 7,179 3,993 3,114 5,380 7,286 4,837
year-on-year (%) 60.7 635.5 255.5 86.4 124.1 137.5 170.6
Gross Revenue actual (JPY mn) 8 21 13 10 18 24 97
year-on-year (%) 34.1 363.1 114.3 51.9 110.0 127.9 122.5
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 83.2 86.1 86.6 60.0 60.0 69.1 74.2
year-on-year (points) 24.6 26.9 20.8 8.8 2.4 13.4 16.2
ADR actual (JPY) 13,854 14,785 9,875 8,017 7,267 7,806 10,665
year-on-year (%) 75.2 59.6 33.2 15.7 20.6 9.4 42.7
RevPAR actual (JPY) 11,525 12,726 8,549 4,807 4,358 5,394 7,909
year-on-year (%) 148.7 132.0 75.4 35.5 25.5 35.6 82.5
Gross Revenue actual (JPY mn) 39 43 28 17 15 20 165
year-on-year (%) 144.7 132.8 72.7 37.6 35.7 46.4 84.5
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 21.8 63.0 46.4 38.2 56.7 71.2 49.3
year-on-year (points) 4.4 46.4 21.3 13.9 25.8 19.8 21.6
ADR actual (JPY) 9,782 12,235 9,208 7,868 9,962 10,282 10,084
year-on-year (%) 36.5 141.7 71.6 35.0 47.4 63.8 64.1
RevPAR actual (JPY) 2,132 7,708 4,273 3,004 5,650 7,317 4,968
year-on-year (%) 70.6 816.7 216.8 112.5 170.5 126.9 191.9
Gross Revenue actual (JPY mn) 6 18 11 8 15 19 79
year-on-year (%) 45.8 560.6 152.5 86.1 149.9 119.8 155.9
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 80.2 85.0 71.3 44.4 39.3 62.7 63.9
year-on-year (points) 28.9 22.7 9.9 -3.1 2.4 7.6 11.5
ADR actual (JPY) 16,652 18,784 12,281 10,209 8,468 10,266 13,704
year-on-year (%) 83.9 61.2 44.2 28.6 7.4 8.7 48.4
RevPAR actual (JPY) 13,348 15,973 8,758 4,538 3,331 6,435 8,760
year-on-year (%) 187.7 120.0 67.6 20.3 14.3 23.7 80.8
Gross Revenue actual (JPY mn) 36 43 23 12 9 17 142
year-on-year (%) 186.0 117.8 66.7 20.4 11.1 26.4 79.5
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 39.6 65.4 55.8 45.6 61.5 74.6 56.9
year-on-year (points) 17.2 39.3 27.8 10.6 15.7 18.9 21.4
ADR actual (JPY) 5,110 7,765 5,429 5,865 7,486 8,157 6,837
year-on-year (%) 20.6 109.9 63.0 60.2 69.6 62.2 62.6
RevPAR actual (JPY) 2,023 5,078 3,032 2,676 4,600 6,084 3,891
year-on-year (%) 113.4 426.6 224.4 108.6 127.7 117.3 160.4
Gross Revenue actual (JPY mn) 5 11 7 6 11 14 57
year-on-year (%) 74.9 304.9 99.1 73.9 99.8 104.0 116.4
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 79.8 89.1 86.5 45.6 33.0 49.3 63.9
year-on-year (points) 16.3 18.0 41.1 -7.6 -16.2 0.4 8.6
ADR actual (JPY) 11,474 12,012 8,954 7,310 6,064 6,560 9,450
year-on-year (%) 81.7 75.0 45.3 28.9 13.8 12.4 55.1
RevPAR actual (JPY) 9,156 10,699 7,749 3,337 2,001 3,232 6,042
year-on-year (%) 128.3 119.2 176.6 10.5 -23.7 13.4 79.2
Gross Revenue actual (JPY mn) 23 27 18 8 4 8 91
year-on-year (%) 125.4 118.4 173.0 10.5 -24.4 14.9 77.8
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 87.5 94.6 94.4 98.0 95.9 92.9 93.8
year-on-year (points) 12.3 10.4 9.7 3.7 7.8 6.4 8.4
ADR actual (JPY) 5,508 5,701 6,756 6,623 6,663 6,862 6,370
year-on-year (%) 25.7 34.0 38.6 26.8 15.8 33.5 28.2
RevPAR actual (JPY) 4,820 5,392 6,379 6,487 6,387 6,375 5,978
year-on-year (%) 46.3 50.5 54.5 31.8 26.0 43.4 40.8
Gross Revenue actual (JPY mn) 10 10 14 14 14 13 78
year-on-year (%) 43.0 48.9 52.4 30.7 25.1 41.1 39.0
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 89.5 89.4 88.6 92.4 92.3 84.7 89.5
year-on-year (points) 6.4 -1.6 4.8 1.7 -0.6 -7.3 0.5
ADR actual (JPY) 7,074 6,880 7,541 6,707 7,441 8,037 7,268
year-on-year (%) 14.1 25.7 21.4 14.7 16.8 13.6 17.3
RevPAR actual (JPY) 6,331 6,154 6,683 6,197 6,871 6,804 6,504
year-on-year (%) 22.9 23.5 28.3 16.8 16.1 4.5 18.0
Gross Revenue actual (JPY mn) 14 13 14 13 14 15 86
year-on-year (%) 21.4 22.1 26.9 16.6 16.6 3.4 17.2
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 49.9 61.9 62.6 64.2 66.1 62.6 61.2
year-on-year (points) 26.2 42.2 40.2 39.2 40.5 36.8 37.4
ADR actual (JPY) 3,297 3,551 3,882 4,359 4,473 4,315 4,014
year-on-year (%) 46.0 54.5 64.9 74.9 73.1 72.8 65.7
RevPAR actual (JPY) 1,644 2,197 2,432 2,799 2,955 2,702 2,456
year-on-year (%) 207.4 387.0 361.0 349.1 347.9 318.6 327.1
Gross Revenue actual (JPY mn) 8 10 12 14 14 13 72
year-on-year (%) 169.8 327.3 292.6 315.9 317.6 302.6 287.4
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 60.5 61.7 68.7 66.2 71.2 64.7 65.4
year-on-year (points) 32.4 28.3 35.9 29.9 30.7 21.8 29.8
ADR actual (JPY) 4,285 4,379 4,262 4,522 4,927 5,078 4,582
year-on-year (%) 65.2 70.2 62.4 58.8 44.3 33.0 50.8
RevPAR actual (JPY) 2,592 2,699 2,927 2,996 3,507 3,287 2,999
year-on-year (%) 255.5 214.9 240.6 189.7 154.0 100.5 176.9
Gross Revenue actual (JPY mn) 13 13 14 15 17 16 89
year-on-year (%) 252.2 204.1 233.2 190.9 153.4 100.6 174.8
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 88.1 92.7 96.1 94.5 93.5 85.0 91.7
year-on-year (points) 4.2 11.4 4.6 7.2 1.2 -2.7 4.2
ADR actual (JPY) 7,646 9,372 11,131 8,539 10,768 7,320 9,190
year-on-year (%) 53.5 115.5 106.0 46.4 71.9 40.2 70.9
RevPAR actual (JPY) 6,734 8,684 10,698 8,072 10,073 6,221 8,423
year-on-year (%) 61.2 145.9 116.4 58.4 74.2 35.8 79.1
Gross Revenue actual (JPY mn) 16 18 25 18 23 14 117
year-on-year (%) 52.4 117.2 100.3 49.7 66.4 28.5 67.5
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 92.2 91.1 90.4 90.0 91.6 89.0 90.7
year-on-year (points) 2.7 -3.1 -0.6 1.5 2.6 -3.9 -0.1
ADR actual (JPY) 7,526 7,691 7,696 11,182 8,036 6,464 8,101
year-on-year (%) 25.3 15.8 8.7 9.1 -28.6 -39.0 -6.0
RevPAR actual (JPY) 6,941 7,005 6,954 10,065 7,361 5,752 7,349
year-on-year (%) 29.2 12.0 7.9 11.0 -26.5 -41.6 -6.1
Gross Revenue actual (JPY mn) 16 16 16 23 17 13 104
year-on-year (%) 23.7 15.9 11.1 13.0 -25.3 -39.9 -4.8
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 73.8 88.9 80.6 67.3 75.0 89.1 79.0
year-on-year (points) 1.4 15.5 2.4 -2.0 -2.6 -1.0 2.1
ADR actual (JPY) 8,400 8,356 8,043 7,464 7,854 7,993 8,033
year-on-year (%) 8.8 9.3 5.8 2.6 6.1 6.5 6.7
RevPAR actual (JPY) 6,197 7,431 6,486 5,026 5,892 7,122 6,344
year-on-year (%) 10.9 32.4 9.0 -0.4 2.5 5.3 9.7
Gross Revenue actual (JPY mn) 14 15 15 11 13 16 86
year-on-year (%) 9.9 30.5 6.6 -1.8 2.4 5.4 8.6
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 91.2 91.8 87.8 86.9 83.5 78.9 86.7
year-on-year (points) -3.2 0.7 -3.0 1.0 3.0 -7.1 -1.5
ADR actual (JPY) 8,482 9,345 8,262 8,302 7,990 8,329 8,468
year-on-year (%) 4.4 15.2 2.8 3.7 5.6 -0.3 5.3
RevPAR actual (JPY) 7,731 8,574 7,255 7,215 6,673 6,571 7,341
year-on-year (%) 0.8 16.1 -0.6 4.9 9.5 -8.5 3.6
Gross Revenue actual (JPY mn) 18 19 16 16 14 15 101
year-on-year (%) 0.7 16.4 -0.3 5.7 9.9 -8.6 3.8
    (Note 1) This property was acquired on July 19, 2019.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 69.1 74.9 78.7 78.6 70.8 66.7 73.1
year-on-year (points) 27.4 27.4 10.2 3.4 -5.2 10.2 12.0
ADR actual (JPY) 8,927 8,903 9,572 9,158 9,257 8,481 9,071
year-on-year (%) 25.7 24.1 27.9 19.5 18.6 7.5 19.8
RevPAR actual (JPY) 6,171 6,667 7,533 7,202 6,556 5,653 6,632
year-on-year (%) 108.4 95.5 47.0 24.9 10.4 27.0 43.5
Gross Revenue actual (JPY mn) 192 182 227 226 212 171 1,213
year-on-year (%) 69.0 64.8 36.3 27.5 5.8 22.8 33.3
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 65.1 70.4 62.3 75.3 76.3 73.7 70.5
year-on-year (points) 13.4 2.7 -5.0 14.1 0.7 -0.8 4.2
ADR actual (JPY) 8,720 9,343 8,353 9,130 8,954 9,342 8,996
year-on-year (%) 3.0 7.0 -0.5 10.1 10.3 -1.8 4.5
RevPAR actual (JPY) 5,679 6,577 5,203 6,873 6,833 6,886 6,346
year-on-year (%) 29.6 11.3 -8.0 35.4 11.3 -2.9 11.2
Gross Revenue actual (JPY mn) 189 211 154 209 209 230 1,204
year-on-year (%) 38.2 17.8 -8.5 35.8 6.1 5.4 14.1
    (Note 1) This property was acquired on January 6, 2020.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 78.3 79.4 85.3 83.3 83.5 84.5 82.4
year-on-year (points) 20.9 29.6 23.6 6.8 15.9 5.8 17.0
ADR actual (JPY) 6,557 7,370 7,799 9,419 11,246 8,888 8,587
year-on-year (%) -6.6 3.3 17.0 34.5 41.7 21.4 19.3
RevPAR actual (JPY) 5,135 5,850 6,655 7,849 9,390 7,513 7,079
year-on-year (%) 27.3 64.7 61.7 46.5 75.1 30.3 50.4
Gross Revenue actual (JPY mn) 71 75 93 99 110 102 552
year-on-year (%) 25.4 64.7 65.9 28.5 58.8 38.0 45.4
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 80.8 91.5 84.5 84.4 72.4 81.1 82.5
year-on-year (points) 0.8 10.8 7.0 1.6 -6.6 2.4 2.7
ADR actual (JPY) 10,458 14,816 9,347 10,261 8,917 7,352 10,318
year-on-year (%) 32.8 41.2 -4.1 7.9 12.6 2.2 17.3
RevPAR actual (JPY) 8,452 13,559 7,897 8,662 6,456 5,962 8,512
year-on-year (%) 34.1 60.1 4.6 9.9 3.2 5.3 21.3
Gross Revenue actual (JPY mn) 103 128 92 114 105 98 642
year-on-year (%) 35.3 52.1 11.5 9.3 27.6 28.3 26.6
    (Note 1) This property was acquired on January 6, 2020.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
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 (%) - - - - - - -
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) - 75.1 82.5 81.9 68.5 44.2 70.4
year-on-year (points) - -5.4 22.3 -3.7 -12.8 -22.3 -
ADR actual (JPY) - 82,452 42,345 39,494 27,323 32,678 46,248
year-on-year (%) - 8.3 -7.3 6.5 -3.3 12.9 -
RevPAR actual (JPY) - 61,922 34,922 32,327 18,707 14,458 32,541
year-on-year (%) - 1.1 27.2 1.8 -18.6 -25.0 -
Gross Revenue actual (JPY mn) - 1,021 618 607 378 291 2,917
year-on-year (%) - 1.0 32.1 2.7 -13.8 -22.1 -
    (Note 1) This property was acquired on August 1, 2023.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
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 (%) - - - - - - -
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) - 94.8 90.5 86.8 80.3 74.1 85.3
year-on-year (points) - 8.4 1.9 -2.3 -10.1 -7.2 -
ADR actual (JPY) - 43,664 24,616 27,189 26,308 22,945 29,455
year-on-year (%) - -4.2 -2.7 -9.8 -14.6 -14.2 -
RevPAR actual (JPY) - 41,402 22,272 23,599 21,118 17,005 25,123
year-on-year (%) - 5.2 -0.6 -12.2 -24.2 -21.7 -
Gross Revenue actual (JPY mn) - 329 202 213 189 172 1,107
year-on-year (%) - 7.3 1.3 -7.5 -15.8 -15.1 -
    (Note 1) This property was acquired on August 1, 2023.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
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 (%) - - - - - - -
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) - 94.4 91.5 89.3 88.8 86.3 90.1
year-on-year (points) - 5.1 6.2 7.3 8.0 7.3 -
ADR actual (JPY) - 7,482 7,240 8,113 9,436 6,677 7,782
year-on-year (%) - 30.5 11.4 8.1 8.0 -4.3 -
RevPAR actual (JPY) - 7,066 6,623 7,248 8,378 5,759 7,008
year-on-year (%) - 37.9 19.5 17.8 18.6 4.6 -
Gross Revenue actual (JPY mn) - 38 33 37 42 31 183
year-on-year (%) - 50.7 29.1 24.9 28.4 17.6 -
    (Note 1) This property was acquired on August 1, 2023.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
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 (%) - - - - - - -
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) - 83.7 86.0 86.4 76.4 77.2 82.0
year-on-year (points) - 1.3 -4.0 -0.9 8.4 12.1 -
ADR actual (JPY) - 17,298 10,194 12,980 9,988 7,747 11,755
year-on-year (%) - 26.4 22.8 21.1 4.4 -2.3 -
RevPAR actual (JPY) - 14,487 8,771 11,217 7,635 5,984 9,637
year-on-year (%) - 28.4 17.4 19.8 17.2 15.9 -
Gross Revenue actual (JPY mn) - 64 38 50 33 29 216
year-on-year (%) - 24.5 10.7 18.5 15.9 19.0 -
    (Note 1) This property was acquired on August 1, 2023.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
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 (%) - - - - - - -
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) - 90.1 90.4 90.2 90.2 89.1 90.0
year-on-year (points) - 1.4 5.1 11.5 5.7 -2.8 -
ADR actual (JPY) - 12,032 8,413 8,784 9,880 9,602 9,749
year-on-year (%) - 21.5 10.3 1.0 3.6 -3.6 -
RevPAR actual (JPY) - 10,840 7,609 7,924 8,910 8,554 8,774
year-on-year (%) - 23.3 17.0 15.7 10.6 -6.5 -
Gross Revenue actual (JPY mn) - 45 32 33 36 38 187
year-on-year (%) - 21.6 16.2 14.4 10.6 -3.6 -
    (Note 1) This property was acquired on August 1, 2023.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
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 (%) - - - - - - -
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) - 89.1 79.5 82.1 59.9 46.6 71.4
year-on-year (points) - 19.6 7.7 -3.5 -24.2 -14.8 -
ADR actual (JPY) - 20,941 11,690 17,261 14,149 16,937 16,421
year-on-year (%) - -2.7 -16.3 6.6 6.3 3.5 -
RevPAR actual (JPY) - 18,653 9,289 14,171 8,477 7,888 11,732
year-on-year (%) - 24.7 -7.4 2.2 -24.2 -21.5 -
Gross Revenue actual (JPY mn) - 78 47 64 40 36 267
year-on-year (%) - 19.6 -2.6 -1.0 -28.2 -24.5 -
    (Note 1) This property was acquired on August 1, 2023.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 79.4 84.5 85.7 81.2 76.4 73.1 80.0
year-on-year (points) 71.1 62.5 46.2 31.9 29.0 23.1 43.8
ADR actual (USD) 656 715 738 618 484 493 622
year-on-year (%) 99.7 39.6 46.3 24.5 15.2 24.6 37.3
RevPAR actual (USD) 521 604 633 502 370 360 497
year-on-year (%) 1,807.0 436.4 217.7 104.9 85.5 82.2 203.7
Gross Revenue actual (USD'000) 9,336 9,927 11,770 9,645 7,938 6,937 55,554
year-on-year (%) 943.8 326.6 184.3 85.9 79.4 53.5 158.4
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 73.7 63.2 31.1 56.3 82.5 81.0 64.7
year-on-year (points) 20.4 18.7 -0.7 3.5 2.9 -2.8 7.1
ADR actual (USD) 453 395 319 348 502 785 498
year-on-year (%) 17.9 18.1 10.5 2.2 7.7 8.1 7.2
RevPAR actual (USD) 334 249 99 196 414 636 322
year-on-year (%) 63.0 67.8 8.3 8.9 11.7 4.6 20.3
Gross Revenue actual (USD'000) 6,971 5,460 2,347 4,700 8,022 10,696 38,198
year-on-year (%) 45.2 45.9 -4.8 16.1 16.0 1.8 17.6
    (Note 1) This property was acquired on Septemer 28, 2018.
2023/01 2023/02 2023/03 2023/04 2023/05 2023/06 2023/01～06
Occupancy Rate actual (%) 66.0 86.0 86.9 67.9 59.2 55.7 70.1
year-on-year (points) 7.0 44.9 45.0 12.3 11.9 7.2 21.1
ADR actual (USD) 307 314 314 296 232 212 285
year-on-year (%) 58.1 37.5 37.2 32.1 15.1 8.7 35.1
RevPAR actual (USD) 203 270 273 201 137 118 200
year-on-year (%) 76.8 187.7 184.4 61.2 43.9 24.9 93.3
Gross Revenue actual (USD'000) 1,183 1,355 1,562 1,148 841 757 6,848
year-on-year (%) 46.9 154.2 141.5 55.0 25.6 27.1 71.5
2023/07 2023/08 2023/09 2023/10 2023/11 2023/12 2023/07～12
Occupancy Rate actual (%) 64.6 54.3 56.3 67.4 79.8 68.8 65.2
year-on-year (points) 15.7 9.4 28.2 16.8 4.9 1.0 12.6
ADR actual (USD) 206 182 156 156 271 332 222
year-on-year (%) 5.7 -1.4 -11.9 -13.4 17.2 4.3 -1.1
RevPAR actual (USD) 133 99 88 105 217 228 145
year-on-year (%) 39.6 19.2 76.3 15.2 24.9 5.9 22.7
Gross Revenue actual (USD'000) 842 604 478 601 1,182 1,349 5,058
year-on-year (%) 42.0 16.6 71.1 12.1 18.5 9.3 21.6
    (Note 1) This property was acquired on Septemer 28, 2018.

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