Hotel MyStays Asakusabashi

  • Property Details
  • Overview
Property Details [  –  ]
Number of Guest Rooms 139
Other facilities: 1 convenience store
Car park facilities 6 car park lots
Land area 564 sq m
Title Freehold
Purchase price at 19 December 2014 ¥3.20 billion
Valuation (1) as at 31 December 2020 ¥3.72 billion
Hotel Management Agreement Details [  –  ]
Operator MyStays Hotel Management Co., Ltd.
Term of Hotel Management Agreement 3-year auto-renewed basis, unless terminated with notice
FY 2020 Key Financials [  –  ]
Gross Hotel Revenue S$1.7 million (2)
(¥135.3 million)
Net property income -S$17,000 (2)
(-¥1.4 million)
Average occupancy rate 48.2%
  • (1)The property was valued by Cushman & Wakefield K.K. using a combination of the Capitalisation and Discounted Cash Flow approaches. With reference to the Property Fund Guidelines Appendix 6, Rule 8.3(e), Cushman & Wakefield K.K. was appointed for the third consecutive financial year in FY 2020.
  • (2)Based on the average exchange rate of S$1.00 = ¥77.52

1-5-5 Asakusabashi, Taito-Ku, Tokyo

  • Guest Room

    139
    Guest Rooms

  • Land Area

    564 sq m
    Land Area

Hotel MyStays Asakusabashi is a business (economy) hotel which is located in central Tokyo. It has easy access to Asakusa and Akihabara, and is only a few stations away from several popular sightseeing spots and attractions, such as the traditional cultural area of Asakusa. The hotel is also within walking distance to various subway and railway stations. The hotel's modern rooms feature a dècor of elegant simplicity catering to travellers of either business or leisure. A convenience store is also located on the ground floor and a variety of dining options are available around the hotel.

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