Properties
Hotel MyStays Asakusabashi
1-5-5 Asakusabashi, Taito-Ku, Tokyo
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139
Guest Rooms -
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 décor of elegant simplicity catering to travellers of either business or leisure. Guests staying in the Superior "Sky Tree View" rooms also enjoy a view of the Tokyo Sky Tree. A convenience store is located on the ground floor and a variety of dining options are available around the hotel.
Hotel MyStays Asakusabashi provides complimentary laundry facilities which ensure a convenient stay for long-stay guests.
Property Details [ – ]
Number of Guest Rooms | 139 |
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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 2023 | ¥4.57 billion |
Hotel Management Agreement Details [ – ]
Operator | MyStays Hotel Management Co., Ltd. |
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Term of Hotel Management Agreement | 3-year auto-renewed basis, unless terminated with notice |
FY 2022 Key Financials [ – ]
Gross Hotel Revenue | S$2.3 million (2) (¥218.0 million) |
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Net property income | S$0.5 (2) (¥48.3 million) |
Average occupancy rate | 72.5% |
- (1)The property was valued by Cushman & Wakefield K.K. using a combination of the Capitalisation and Discounted Cash Flow approaches.
- (2)Based on the average exchange rate of S$1.00 = ¥94.34.
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