ICHIGO HOTEL REIT INVESTMENT CORPORATION Make The World More Sustainable
[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.
April 25, 2022
Issuer
Ichigo Hotel REIT Investment Corporation ("Ichigo Hotel," 3463)
1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Osamu Miyashita, Executive Directorwww.ichigo-hotel.co.jp/en
Asset Management Company
Ichigo Investment Advisors Co., Ltd.
Representative: Hiroshi Iwai, President
Inquiries: Hidehito Iwasaka, Head of Ichigo Hotel Tel: +81-3-3502-4892
Ichigo Hotel Operating Results - March 2022
Portfolio Revenue, RevPAR, Occupancy, and ADR
Total (21 Hotels)
Mar 2022 (A) | (Previous) Mar 2021 (B) | Difference (A) - (B) | YOY Change | Feb 2022 - Mar 2022 (Current Period-To-Date) | Mar 2019 (Reference) | |||
Cumulative | YOY Difference | YOY Change | ||||||
Revenue (JPY million) | 429.0 | 297.5 | +131.6 | +44.2% | 762.9 | +224.9 | +41.8% | 644.1 |
RevPAR (JPY) | 3,900 | 3,035 | +865 | +28.5% | 3,660 | +755 | +26.0% | 6,501 |
Occupancy (%) | 78.1 | 64.2 | +13.8 | +21.5% | 73.6 | +13.6 | +22.7% | 86.9 |
ADR (JPY) | 4,996 | 4,724 | +273 | +5.8% | 4,974 | +130 | +2.7% | 7,481 |
Variable Rent Hotels (15 Hotels)
Mar 2022 (A) | (Previous) Mar 2021 (B) | Difference (A) - (B) | YOY Change | Feb 2022 - Mar 2022 (Current Period-To-Date) | Mar 2019 (Reference) | |||
Cumulative | YOY Difference | YOY Change | ||||||
Revenue (JPY million) | 321.3 | 219.2 | +102.1 | +46.6% | 577.9 | +209.5 | +56.9% | 412.4 |
RevPAR (JPY) | 4,097 | 3,317 | +780 | +23.5% | 3,896 | +959 | +32.7% | 7,446 |
Occupancy (%) | 85.9 | 73.7 | +12.2 | +16.6% | 81.9 | +16.4 | +25.0% | 95.3 |
ADR (JPY) | 4,770 | 4,504 | +266 | +5.9% | 4,755 | +276 | +6.2% | 7,811 |
Fixed Rent Hotels (6 Hotels)
Mar 2022 (A) | (Previous) Mar 2021 (B) | Difference (A) - (B) | YOY Change | Feb 2022 - Mar 2022 (Current Period-To-Date) | Mar 2019 (Reference) | |||
Cumulative | YOY Difference | YOY Change | ||||||
Revenue (JPY million) | 107.8 | 78.3 | +29.5 | +37.7% | 185.0 | +15.4 | +9.1% | 231.6 |
RevPAR (JPY) | 3,431 | 2,488 | +944 | +37.9% | 3,099 | +255 | +9.0% | 6,057 |
Occupancy (%) | 59.4 | 46.0 | +13.4 | +29.2% | 53.8 | +4.5 | +9.2% | 86.4 |
ADR (JPY) | 5,773 | 5,406 | +368 | +6.8% | 5,764 | -14 | -0.2% | 7,009 |
Revenue, RevPAR, Occupancy, and ADR by Hotel
Variable Rent Hotels (15 Hotels)
Mar 2022 (A) | (Previous) Mar 2021 (B) | Difference (A) - (B) | YOY Change | Feb 2022 - Mar 2022 (Current Period-To-Date) | Mar 2019 (Reference) | ||||
Cumulative | YOY Difference | YOY Change | |||||||
Nest Hotel Sapporo Ekimae | Revenue (JPY million) | 24.3 | 20.7 | +3.6 | +17.2% | 47.1 | +8.4 | +21.6% | 49.3 |
RevPAR (JPY) | 3,892 | 3,419 | +473 | +13.8% | 4,072 | +811 | +24.9% | 7,025 | |
Occupancy (%) | 94.8 | 94.5 | +0.3 | +0.3% | 94.3 | +4.7 | +5.2% | 100 | |
ADR (JPY) | 4,104 | 3,618 | +486 | +13.4% | 4,318 | +679 | +18.6% | 7,025 | |
Nest Hotel Sapporo Odori | Revenue (JPY million) | 18.7 | 10.3 | +8.3 | +80.7% | 35.4 | +19.1 | +117.0% | 32.7 |
RevPAR (JPY) | 4,098 | 2,378 | +1,720 | +72.3% | 4,205 | +2,084 | +98.3% | 7,676 | |
Occupancy (%) | 97.1 | 67.0 | +30.1 | +45.0% | 94.2 | +35.1 | +59.6% | 96.1 | |
ADR (JPY) | 4,221 | 3,551 | +670 | +18.9% | 4,466 | +873 | +24.3% | 7,991 | |
Smile Hotel Tokyo Asagaya | Revenue (JPY million) | 23.4 | 18.4 | +5.0 | +27.2% | 46.1 | +10.0 | +27.7% | 34.8 |
RevPAR (JPY) | 6,671 | 5,140 | +1,531 | +29.8% | 6,890 | +1,604 | +30.4% | 9,768 | |
Occupancy (%) | 99.4 | 96.5 | +2.9 | +3.0% | 99.2 | +4.0 | +4.2% | 99.2 | |
ADR (JPY) | 6,714 | 5,326 | +1,388 | +26.1% | 6,944 | +1,394 | +25.1% | 9,851 | |
HOTEL EMIT SHIBUYA | Revenue (JPY million) | 13.0 | 10.6 | +2.4 | +22.9% | 24.7 | +7.2 | +41.0% | |
RevPAR (JPY) | 5,818 | 4,720 | +1,098 | +23.3% | 5,807 | +1,699 | +41.4% | ||
Occupancy (%) | 98.8 | 99.5 | -0.6 | -0.6% | 98.8 | +13.8 | +16.3% | ||
ADR (JPY) | 5,886 | 4,745 | +1,141 | +24.0% | 5,879 | +1,042 | +21.5% | ||
Hotel Wing International Nagoya | Revenue (JPY million) | 37.9 | 13.7 | +24.2 | +177.0% | 72.1 | +51.6 | +252.6% | 42.0 |
RevPAR (JPY) | 5,455 | 1,755 | +3,700 | +210.8% | 5,455 | +4,077 | +295.9% | 5,494 | |
Occupancy (%) | 100 | 42.4 | +57.6 | +136.0% | 100 | +66.8 | +201.5% | 91.3 | |
ADR (JPY) | 5,455 | 4,143 | +1,312 | +31.7% | 5,455 | +1,300 | +31.3% | 6,015 |
(Reference)
24.3
20.7
+3.6
+17.2%
47.1
+8.4 +811 +4.7 +679
+21.6% +24.9% +5.2% +18.6%
49.3
3,892
3,419
+473
+13.8%
4,072
7,025
94.8
94.5
+0.3
+0.3%
94.3
100
4,104
3,618
+486
+13.4%
4,318
7,025
18.7
10.3
+8.3
+80.7%
35.4
+19.1 +117.0%
32.7
4,098
2,378
+1,720
+72.3%
4,205
+2,084
+98.3%
7,676
97.1
67.0
+30.1
+45.0%
94.2
+35.1
+59.6%
96.1
4,221
3,551
+670
+18.9%
4,466
+873
+24.3%
7,991
23.4
18.4
+5.0
+27.2%
46.1
+10.0
+27.7%
34.8
6,671
5,140
+1,531
+29.8%
6,890
+1,604
+30.4%
9,768
99.4
96.5
+2.9
+3.0%
99.2
+4.0
+4.2%
99.2
6,714
5,326
+1,388
+26.1%
6,944
+1,394
+25.1%
9,851
13.0
10.6
+2.4
+22.9%
24.7
+7.2
+41.0%
5,818
4,720
+1,098
+23.3%
5,807
+1,699
+41.4%
98.8
99.5
-0.6
-0.6%
98.8
+13.8
+16.3%
5,886
4,745
+1,141
+24.0%
5,879
+1,042
+21.5%
5,455
37.9
100
1,755
13.7
42.4
+24.2 +177.0% +3,700 +210.8% +57.6 +136.0%
72.1 5,455 100
+51.6 +252.6% +4,077 +295.9% +66.8 +201.5%
5,455
4,143
+1,312
+31.7%
5,455
+1,300
+31.3%
42.0 5,494 91.3 6,015
Mar 2022 (A) | (Previous) Mar 2021 (B) | Difference (A) - (B) | YOY Change | Feb 2022 - Mar 2022 (Current Period-To-Date) | Mar 2019 (Reference) | ||||
Cumulative | YOY Difference | YOY Change | |||||||
Smile Hotel Kyoto Shijo | Revenue (JPY million) | 11.2 | 7.5 | +3.7 | +48.9% | 17.9 | +7.8 | +77.0% | 43.1 |
RevPAR (JPY) | 2,324 | 1,608 | +716 | +44.5% | 1,942 | +803 | +70.5% | 9,085 | |
Occupancy (%) | 60.5 | 40.4 | +20.0 | +49.6% | 60.6 | +28.2 | +87.4% | 99.8 | |
ADR (JPY) | 3,842 | 3,976 | -135 | -3.4% | 3,207 | -317 | -9.0% | 9,101 | |
The OneFive Osaka Sakaisuji | Revenue (JPY million) | 10.3 | - | - | - | 18.3 | - | - | 24.7 |
RevPAR (JPY) | 2,539 | - | - | - | 2,370 | - | - | 6,119 | |
Occupancy (%) | 95.9 | - | - | - | 94.6 | - | - | 86.9 | |
ADR (JPY) | 2,648 | - | - | - | 2,505 | - | - | 7,042 | |
Nest Hotel Osaka Shinsaibashi | Revenue (JPY million) | 22.6 | 1.8 | +20.8 | +1,176.5% | 37.2 | +33.7 | +948.2% | 78.1 |
RevPAR (JPY) | 2,189 | - | - | - | 1,850 | - | - | 7,822 | |
Occupancy (%) | 65.3 | - | - | - | 56.3 | - | - | 93.6 | |
ADR (JPY) | 3,352 | - | - | - | 3,289 | - | - | 8,356 | |
Hotel Wing International Kobe Shin Nagata Ekimae | Revenue (JPY million) | 19.3 | 17.7 | +1.7 | +9.4% | 32.6 | +1.3 | +4.1% | |
RevPAR (JPY) | 4,315 | 3,648 | +667 | +18.3% | 3,861 | +396 | +11.4% | ||
Occupancy (%) | 60.2 | 52.3 | +7.9 | +15.1% | 54.0 | +1.7 | +3.3% | ||
ADR (JPY) | 7,161 | 6,969 | +192 | +2.8% | 7,143 | +522 | +7.9% | ||
Nest Hotel Matsuyama | Revenue (JPY million) | 27.0 | 23.3 | +3.7 | +15.7% | 41.4 | +4.8 | +13.1% | 48.2 |
RevPAR (JPY) | 3,654 | 3,234 | +419 | +13.0% | 2,983 | +266 | +9.8% | 5,552 | |
Occupancy (%) | 86.9 | 73.4 | +13.5 | +18.4% | 71.1 | +7.6 | +11.9% | 90.2 | |
ADR (JPY) | 4,205 | 4,406 | -201 | -4.6% | 4,193 | -82 | -1.9% | 6,154 | |
The OneFive Okayama | Revenue (JPY million) | 22.8 | 17.1 | +5.7 | +33.4% | 40.8 | +13.8 | +51.2% | 37.3 |
RevPAR (JPY) | 3,383 | 2,632 | +751 | +28.5% | 3,170 | +991 | +45.5% | 5,520 | |
Occupancy (%) | 96.6 | 96.2 | +0.4 | +0.4% | 96.7 | +13.9 | +16.8% | 91.1 | |
ADR (JPY) | 3,501 | 2,736 | +765 | +28.0% | 3,278 | +645 | +24.5% | 6,061 | |
Court Hotel Kurashiki | Revenue (JPY million) | 9.0 | 12.1 | -3.0 | -25.2% | 11.1 | -7.4 | -39.7% | 33.1 |
RevPAR (JPY) | 2,418 | 2,861 | -443 | -15.5% | 1,569 | -705 | -31.0% | 8,361 | |
Occupancy (%) | 40.5 | 41.8 | -1.4 | -3.2% | 27.0 | -10.4 | -27.9% | 97.7 | |
ADR (JPY) | 5,973 | 6,838 | -865 | -12.6% | 5,813 | -265 | -4.4% | 8,560 | |
Valie Hotel Hiroshima | Revenue (JPY million) | 40.2 | 39.8 | +0.3 | +0.8% | 76.5 | +8.3 | +12.1% | |
RevPAR (JPY) | 7,500 | 7,500 | - | - | 7,500 | +748 | +11.1% | ||
Occupancy (%) | 100 | 100 | - | - | 100 | +10.5 | +11.8% | ||
ADR (JPY) | 7,500 | 7,500 | - | - | 7,500 | -47 | -0.6% |
11.2 2,324 60.5 3,842
7.5 1,608 40.4 3,976
+3.7 +716 +20.0 -135
+48.9% +44.5% +49.6% -3.4%
17.9 1,942 60.6 3,207
+7.8 +803 +28.2 -317
+77.0%
43.1
+70.5%
9,085
+87.4%
99.8
-9.0% -
9,101
24.7
2,539
- - -
- - -
- - -
2,370 94.6 2,505
- - -
- - -
6,119
95.9
86.9
2,648
7,042
22.6
1.8
+20.8 +1,176.5%
37.2
+33.7
+948.2%
78.1
2,189
- - -
- - -
- - -
1,850
- - -
- - -
7,822
65.3
56.3
93.6
3,352
3,289
8,356
19.3
17.7
+1.7
+9.4%
32.6
+1.3
+4.1%
4,315
3,648
+667
+18.3%
3,861
+396
+11.4%
60.2
52.3
+7.9
+15.1%
54.0
+1.7
+3.3%
7,161
6,969
+192
+2.8%
7,143
+522
+7.9%
27.0
23.3
+3.7
+15.7%
41.4
+4.8
+13.1%
48.2
3,654
3,234
+419
+13.0%
2,983
+266
+9.8%
5,552
86.9
73.4
+13.5
+18.4%
71.1
+7.6
+11.9%
90.2
4,205
4,406
-201
-4.6%
4,193
-82
-1.9%
6,154
22.8
17.1
+5.7
+33.4%
40.8
+13.8
+51.2%
37.3
3,383
2,632
+751
+28.5%
3,170
+991
+45.5%
5,520
96.6
96.2
+0.4
+0.4%
96.7
+13.9
+16.8%
91.1
3,501
2,736
+765
+28.0%
3,278
+645
+24.5%
6,061
9.0
12.1
-3.0
-25.2%
11.1
-7.4
-39.7%
33.1
2,418
2,861
-443
-15.5%
1,569
-705
-31.0%
8,361
40.5
41.8
-1.4
-3.2%
27.0
-10.4
-27.9%
97.7
5,973
6,838
-865
-12.6%
5,813
-265
-4.4%
8,560
40.2
39.8
+0.3
+0.8%
76.5
+8.3
+12.1%
7,500
7,500
100
100
7,500
7,500
- - -
- - -
7,500
+748
+11.1%
100
+10.5
+11.8%
7,500
-47
-0.6%
Mar 2022 (A) | (Previous) Mar 2021 (B) | Difference (A) - (B) | YOY Change | Feb 2022 - Mar 2022 (Current Period-To-Date) | Mar 2019 (Reference) | ||||
Cumulative | YOY Difference | YOY Change | |||||||
The OneFive Fukuoka Tenjin | Revenue (JPY million) | 9.9 | 7.5 | +2.4 | +31.6% | 16.7 | +4.1 | +32.4% | 26.3 |
RevPAR (JPY) | 3,730 | 2,729 | +1,001 | +36.7% | 3,241 | +908 | +38.9% | 10,338 | |
Occupancy (%) | 96.2 | 97.3 | -1.1 | -1.2% | 86.4 | -2.0 | -2.3% | 98.6 | |
ADR (JPY) | 3,878 | 2,804 | +1,074 | +38.3% | 3,753 | +1,113 | +42.2% | 10,483 | |
Nest Hotel Kumamoto | Revenue (JPY million) | 31.8 | 18.7 | +13.0 | +69.7% | 60.0 | +28.5 | +90.5% | |
RevPAR (JPY) | 5,000 | 2,726 | +2,274 | +83.4% | 4,999 | +2,613 | +109.5% | ||
Occupancy (%) | 100 | 74.0 | +26.0 | +35.1% | 100 | +35.1 | +54.2% | ||
ADR (JPY) | 5,000 | 3,683 | +1,317 | +35.8% | 4,999 | +1,320 | +35.9% |
9.9
7.5
+2.4
+31.6%
16.7
+4.1
+32.4% +38.9% -2.3% +42.2%
26.3
3,730
2,729
+1,001
+36.7%
3,241
+908
10,338
96.2
97.3
-1.1
-1.2%
86.4
-2.0
98.6
3,878
2,804
+1,074
+38.3%
3,753
+1,113
10,483
31.8
18.7
+13.0
+69.7%
5,000
60.0
2,726
100
+28.5
+2,274
+83.4%
74.0
5,000
+26.0
+35.1%
3,683
+1,317 +35.8%
4,999
100
4,999
+2,613 +109.5%
+35.1
+1,320
+90.5%
+54.2%+35.9%
Fixed Rent Hotels (5 Hotels - excludes Hotel Livemax Nihombashi-Hakozaki)
Mar 2022 (A) | (Previous) Mar 2021 (B) | Difference (A) - (B) | YOY Change | Feb 2022 - Mar 2022 (Current Period-To-Date) | Mar 2019 (Reference) | ||||
Cumulative | YOY Difference | YOY Change | |||||||
Comfort Hotel Kushiro | Revenue (JPY million) | 14.8 | 12.5 | +2.2 | +17.9% | 26.1 | +2.4 | +10.1% | 12.6 |
RevPAR (JPY) | 3,529 | 3,024 | +504 | +16.7% | 3,296 | +284 | +9.4% | 3,037 | |
Occupancy (%) | 75.3 | 66.5 | +8.8 | +13.3% | 70.3 | +5.0 | +7.7% | 69.2 | |
ADR (JPY) | 4,683 | 4,547 | +136 | +3.0% | 4,691 | +73 | +1.6% | 4,391 | |
Comfort Hotel Hamamatsu | Revenue (JPY million) | 20.9 | 16.1 | +4.8 | +29.5% | 36.4 | +9.0 | +32.7% | 32.0 |
RevPAR (JPY) | 3,438 | 2,654 | +784 | +29.5% | 3,144 | +774 | +32.7% | 5,271 | |
Occupancy (%) | 64.6 | 54.1 | +10.5 | +19.4% | 59.6 | +11.8 | +24.8% | 85.2 | |
ADR (JPY) | 5,320 | 4,906 | +414 | +8.4% | 5,279 | +314 | +6.3% | 6,188 | |
Comfort Hotel Central International Airport | Revenue (JPY million) | 44.6 | 33.9 | +10.7 | +31.7% | 79.6 | +24.0 | +43.2% | 90.8 |
RevPAR (JPY) | 4,054 | 3,078 | +975 | +31.7% | 3,805 | +1,153 | +43.5% | 8,121 | |
Occupancy (%) | 54.7 | 43.5 | +11.2 | +25.9% | 50.7 | +14.3 | +39.3% | 90.2 | |
ADR (JPY) | 7,407 | 7,080 | +327 | +4.6% | 7,510 | +220 | +3.0% | 9,006 | |
Comfort Hotel Suzuka | Revenue (JPY million) | 15.4 | 9.8 | +5.6 | +57.2% | 24.4 | +7.8 | +46.8% | 15.7 |
RevPAR (JPY) | 4,678 | 2,947 | +1,732 | +58.8% | 3,934 | +1,292 | +48.9% | 4,776 | |
Occupancy (%) | 82.1 | 59.5 | +22.6 | +38.0% | 72.9 | +18.1 | +33.1% | 80.8 | |
ADR (JPY) | 5,697 | 4,951 | +745 | +15.1% | 5,399 | +574 | +11.9% | 5,911 | |
Urbain Hiroshima Executive | Revenue (JPY million) | 7.6 | 2.6 | +4.9 | +189.5% | 10.4 | -29.2 | -73.7% | 33.2 |
RevPAR (JPY) | 1,426 | 493 | +934 | +189.5% | 1,033 | -2,894 | -73.7% | 6,258 | |
Occupancy (%) | 28.5 | 9.5 | +19.0 | +198.8% | 20.7 | -31.8 | -60.6% | 90.5 | |
ADR (JPY) | 5,000 | 5,161 | -161 | -3.1% | 5,000 | -2,483 | -33.2% | 6,919 |
14.8 | 12.5 | +2.2 | +17.9% |
3,529 | 3,024 | +504 | +16.7% |
75.3 | 66.5 | +8.8 | +13.3% |
4,683 | 4,547 | +136 | +3.0% |
20.9 | 16.1 | +4.8 | +29.5% |
3,438 | 2,654 | +784 | +29.5% |
64.6 | 54.1 | +10.5 | +19.4% |
5,320 | 4,906 | +414 | +8.4% |
44.6 | 33.9 | +10.7 | +31.7% |
4,054 | 3,078 | +975 | +31.7% |
54.7 | 43.5 | +11.2 | +25.9% |
7,407 | 7,080 | +327 | +4.6% |
15.4 | 9.8 | +5.6 | +57.2% |
4,678 | 2,947 | +1,732 | +58.8% |
82.1 | 59.5 | +22.6 | +38.0% |
5,697 | 4,951 | +745 | +15.1% |
7.6 | 2.6 | ||
1,426 | 493 | ||
28.5 | 9.5 | ||
5,000 | 5,161 |
26.1 | +2.4 | +10.1% | 12.6 | |
3,296 | +284 | +9.4% | 3,037 | |
70.3 | +5.0 | +7.7% | 69.2 | |
4,691 | +73 | +1.6% | 4,391 | |
36.4 | +9.0 | +32.7% | 32.0 | |
3,144 | +774 | +32.7% | 5,271 | |
59.6 | +11.8 | +24.8% | 85.2 | |
5,279 | +314 | +6.3% | 6,188 | |
79.6 | +24.0 | +43.2% | 90.8 | |
3,805 | +1,153 | +43.5% | 8,121 | |
50.7 | +14.3 | +39.3% | 90.2 | |
7,510 | +220 | +3.0% | 9,006 | |
24.4 | +7.8 | +46.8% | 15.7 | |
3,934 | +1,292 | +48.9% | 4,776 | |
72.9 | +18.1 | +33.1% | 80.8 | |
5,399 | +574 | +11.9% | 5,911 | |
+4.9 +189.5% | 10.4 | -29.2 | -73.7% | 33.2 |
+934 +189.5% | 1,033 | -2,894 | -73.7% | 6,258 |
+19.0 +198.8% | 20.7 | -31.8 | -60.6% | 90.5 |
5,000 | -2,483 | -33.2% | 6,919 |
-161
-3.1%
Notes:
1. The above data are as provided by the hotel operators or as calculated by Ichigo Investment Advisors based on information provided by the hotel operators. The data have not been audited and thus their accuracy cannot be guaranteed and may not match data disclosed in future releases.
2. Revenue is revenue from accommodations and related services only. Rent from retail tenants at The OneFive Osaka Sakaisuji, Hotel Wing International Kobe Shin Nagata Ekimae, and Smile Hotel Tokyo Asagaya, and rent from the banquet hall at the Nest Hotel Kumamoto are not included.
3. RevPAR (Revenue Per Available Room) is calculated with the following formula:
RevPAR = Total Revenue from accommodations (excluding restaurant charges and other service fees) / number of available guest rooms.
4. Occupancy is calculated with the following formula:
Occupancy = Total number of guest rooms occupied during the period /
(total number of guest rooms * number of days hotel was in operation during the period)
Occupancy may exceed 100% in the following cases: 1) a guest had pre-paid for a guest room but checked out early, allowing the guest room to be occupied by a different guest; or 2) a guest room is occupied for less than one day by different guests.
5. ADR (Average Daily Rate) is calculated with the following formula:
ADR = Total revenue from accommodations (excluding restaurant charges and other service fees) / number of guest rooms occupied during the period.
6. The Capsule Plus Yokohama and the Washington Hotel Plaza Shimonoseki Eki Nishi are excluded from the above data because the hotel operators did not give consent to disclose hotel-specific data that would allow for year-on-year comparisons. Data for the Hotel Livemax Nihombashi-Hakozaki are included in the total and fixed rent hotels data above, but not separately disclosed because the hotel operator did not provide consent to disclose hotel-specific data.
7. Hiroshima Prefecture has temporarily leased all rooms of the Valie Hotel Hiroshima starting on February 8, 2021.
8. Aichi Prefecture has temporarily leased all rooms of the Hotel Wing International Nagoya starting on January 28, 2022.
9. Kumamoto Prefecture has temporarily leased all rooms of the Nest Hotel Kumamoto starting on February 1, 2022.
10. Pre-acquisition data for acquired hotels are based on data received from the previous owners.
11. March 2019 Revenue, RevPAR, Occupancy, and ADR data provided as a reference is for the 17 hotels owned since March 2019, and is not available for Hotel Wing International Kobe Shin Nagata Ekimae, Valie Hotel Hiroshima, Nest Hotel Kumamoto, and HOTEL EMIT SHIBUYA. The OneFive Okayama was operating under the name Comfort Hotel Okayama in March 2019, and hotel data is included as a fixed rent hotel.
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Ichigo Hotel REIT Investment Corporation published this content on 25 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2022 06:18:10 UTC.
