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
Vendor AKH GK an indirect wholly-owned subsidiary of Real Estate Capital Asia Partners III L.P.
Purchase price at 19 December 2014 ¥3.20 billion
Valuation (1) as at 31 December 2016 ¥3.80 billion
Hotel Management Agreement Details [  –  ]
Operator MyStays Hotel Management Co., Ltd.
Term of Hotel Management Agreement Expires on 18 July 2019 (automatically renewed for 3-year term unless notice of termination given by either party)
FY 2015 Key Financials [  –  ]
Gross Hotel Revenue (2) S$5.3 million (3) (¥470.1 million)
Net property income (2) S$2.9 million (3) (¥253.2 million)
Average occupancy rate 92.6%
  • (1)The Japan Hotels were valued by Cushman & Wakefield K.K. using a combination of the Capitalisation and Discounted Cash Flow approaches.
  • (2)As the Japan Hotels were acquired on 19 December 2014, contribution from the hotels for FY 2015 includes the last 13 days of 2014.
  • (3)Based on the average exchange rate of S$1.00 = ¥88.50.

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

  • Guest Room

    139
    Guest Rooms

  • Land Area

    564 sq m
    Land Area

  • In Valuation

    ¥3.80 billion
    In Valuation

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. 24 rooms equipped with kitchenettes allow long-stay visitors to have the option of cooking their own meals. A convenience store is also located on the ground floor and a variety of dining options are available around the hotel.

Notable accolades include:

  • TripAdvisor Certificate of Excellence (2014 - 2015)

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