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.
January 25, 2022
Issuer
Ichigo Hotel REIT Investment Corporation ("Ichigo Hotel," 3463)
1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Osamu Miyashita, Executive Director
www.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 - December 2021
Portfolio Revenue, RevPAR, Occupancy, and ADR
Total (21 Hotels)
(Previous) | Aug 2021 - Dec 2021 | |||||||||||||||||||||||
Dec | Difference | YOY | (Current Period-To-Date) | Dec 2019 | ||||||||||||||||||||
Dec | ||||||||||||||||||||||||
2021 (A) | (A) - (B) | Change | YOY | YOY | (Reference) | |||||||||||||||||||
2020 (B) | Cumulative | |||||||||||||||||||||||
Difference | Change | |||||||||||||||||||||||
Revenue | 419.0 | 238.3 | +180.7 | +75.8% | 1,724.3 | +473.0 | +37.8% | 606.9 | ||||||||||||||||
(JPY million) | ||||||||||||||||||||||||
RevPAR (JPY) | 3,747 | 2,220 | +1,527 | +68.8% | 3,127 | +815 | +35.3% | 5,362 | ||||||||||||||||
Occupancy (%) | 73.4 | 48.5 | +24.9 | +51.4% | 64.9 | +17.4 | +36.5% | 82.1 | ||||||||||||||||
ADR (JPY) | 5,103 | 4,578 | +525 | +11.5% | 4,814 | -45 | -0.9% | 6,532 | ||||||||||||||||
Variable Rent Hotels (15 Hotels) | ||||||||||||||||||||||||
(Previous) | Aug 2021 - Dec 2021 | |||||||||||||||||||||||
Dec | Difference | YOY | (Current Period-To-Date) | Dec 2019 | ||||||||||||||||||||
Dec | ||||||||||||||||||||||||
2021 (A) | (A) - (B) | Change | YOY | YOY | (Reference) | |||||||||||||||||||
2020 (B) | Cumulative | |||||||||||||||||||||||
Difference | Change | |||||||||||||||||||||||
Revenue | 299.6 | 166.1 | +133.6 | +80.4% | 1,242.4 | +388.9 | +45.6% | 413.8 | ||||||||||||||||
(JPY million) | ||||||||||||||||||||||||
RevPAR (JPY) | 3,721 | 2,184 | +1,537 | +70.4% | 3,136 | +932 | +42.3% | 5,967 | ||||||||||||||||
Occupancy (%) | 76.3 | 52.1 | +24.2 | +46.4% | 69.0 | +19.7 | +40.0% | 90.0 | ||||||||||||||||
ADR (JPY) | 4,879 | 4,191 | +688 | +16.4% | 4,547 | +76 | +1.7% | 6,633 |
1
Fixed Rent Hotels (6 Hotels)
(Previous) | Aug 2021 - Dec 2021 | ||||||||||||||||||||||
Dec | Difference | YOY | (Current Period-To-Date) | Dec 2019 | |||||||||||||||||||
Dec | |||||||||||||||||||||||
2021 (A) | (A) - (B) | Change | YOY | YOY | (Reference) | ||||||||||||||||||
2020 (B) | Cumulative | ||||||||||||||||||||||
Difference | Change | ||||||||||||||||||||||
Revenue | 119.4 | 72.2 | +47.2 | +65.3% | 481.9 | +84.1 | +21.1% | 193.1 | |||||||||||||||
(JPY million) | |||||||||||||||||||||||
RevPAR (JPY) | 3,807 | 2,299 | +1,508 | +65.6% | 3,105 | +551 | +21.6% | 5,032 | |||||||||||||||
Occupancy (%) | 66.6 | 40.3 | +26.3 | +65.2% | 55.6 | +11.8 | +27.0% | 79.3 | |||||||||||||||
ADR (JPY) | 5,713 | 5,699 | +14 | +0.2% | 5,590 | -247 | -4.2% | 6,348 |
Revenue, RevPAR, Occupancy, and ADR by Hotel
Variable Rent Hotels (15 Hotels)
Aug 2021 - Dec 2021 | ||||||||||||||||
Dec | (Previous) | Dec | ||||||||||||||
Difference | YOY | (Current Period-To-Date) | ||||||||||||||
2021 | Dec | (A) - (B) | Change | YOY | YOY | 2019 | ||||||||||
(A) | 2020 (B) | Cumulative | (Reference) | |||||||||||||
Difference | Change |
Revenue | 29.2 | 12.4 | +16.8 | +135.5% | 125.5 | +10.8 | +9.4% | 46.9 | |
Nest Hotel | (JPY million) | ||||||||
RevPAR (JPY) | 4,650 | 2,065 | +2,585 | +125.2% | 4,050 | +314 | +8.4% | 6,812 | |
Sapporo | |||||||||
Occupancy (%) | 93.9 | 58.1 | +35.8 | +61.6% | 91.8 | +4.4 | +5.1% | 98.1 | |
Ekimae | |||||||||
ADR (JPY) | 4,951 | 3,553 | +1,398 | +39.3% | 4,411 | +134 | +3.1% | 6,940 | |
Revenue | 20.8 | 6.5 | +14.3 | +218.9% | 83.7 | +12.7 | +17.9% | 30.8 | |
Nest Hotel | (JPY million) | ||||||||
RevPAR (JPY) | 4,603 | 1,491 | +3,111 | +208.6% | 3,710 | +390 | +11.7% | 7,342 | |
Sapporo | |||||||||
Occupancy (%) | 87.8 | 38.9 | +48.9 | +125.8% | 82.3 | +6.2 | +8.1% | 89.6 | |
Odori | |||||||||
ADR (JPY) | 5,240 | 3,834 | +1,406 | +36.7% | 4,507 | +145 | +3.3% | 8,194 | |
Revenue | 23.0 | 17.1 | +5.9 | +34.6% | 92.6 | +17.2 | +22.8% | 31.6 | |
Smile Hotel | (JPY million) | ||||||||
RevPAR (JPY) | 6,440 | 4,755 | +1,685 | +35.4% | 5,294 | +1,043 | +24.5% | 8,823 | |
Tokyo | |||||||||
Occupancy (%) | 100 | 92.1 | +7.9 | +8.6% | 99.1 | +15.0 | +17.9% | 98.5 | |
Asagaya | |||||||||
ADR (JPY) | 6,438 | 5,161 | +1,277 | +24.7% | 5,342 | +286 | +5.7% | 8,957 | |
Revenue | 15.1 | 12.8 | +2.3 | +17.8% | 57.8 | +6.5 | +12.6% | ||
HOTEL | (JPY million) | ||||||||
RevPAR (JPY) | 6,759 | 5,728 | +1,031 | +18.0% | 5,245 | +594 | +12.8% | ||
EMIT | |||||||||
Occupancy (%) | 99.6 | 98.8 | +0.8 | +0.8% | 99.0 | +0.3 | +0.3% | ||
SHIBUYA | |||||||||
ADR (JPY) | 6,789 | 5,798 | +991 | +17.1% | 5,299 | +587 | +12.5% | ||
Revenue | 19.9 | 12.4 | +7.5 | +60.4% | 70.9 | +15.6 | +28.1% | 40.7 | |
Hotel Wing | (JPY million) | ||||||||
RevPAR (JPY) | 2,651 | 1,591 | +1,059 | +66.6% | 1,876 | +426 | +29.4% | 5,359 | |
International | |||||||||
Occupancy (%) | 59.8 | 35.6 | +24.2 | +67.9% | 45.3 | +13.3 | +41.6% | 86.6 | |
Nagoya | |||||||||
ADR (JPY) | 4,436 | 4,471 | -35 | -0.8% | 4,143 | -390 | -8.6% | 6,191 | |
2 |
Dec | (Previous) | Aug 2021 - Dec 2021 | Dec | ||||||||||||||
Difference | YOY | (Current Period-To-Date) | |||||||||||||||
2021 | Dec | (A) - (B) | Change | YOY | YOY | 2019 | |||||||||||
(A) | 2020 (B) | Cumulative | (Reference) | ||||||||||||||
Difference | Change | ||||||||||||||||
Revenue | 10.6 | 6.9 | +3.6 | +52.7% | 40.3 | +5.1 | +14.4% | 27.1 | |||||||||
(JPY million) | |||||||||||||||||
Smile Hotel | |||||||||||||||||
RevPAR (JPY) | 2,309 | 1,509 | +800 | +53.0% | 1,776 | +223 | +14.4% | 5,597 | |||||||||
Kyoto Shijo | |||||||||||||||||
Occupancy (%) | 60.4 | 47.8 | +12.6 | +26.3% | 53.6 | +13.6 | +34.2% | 98.4 | |||||||||
ADR (JPY) | 3,825 | 3,158 | +667 | +21.1% | 3,316 | -574 | -14.7% | 5,690 | |||||||||
Revenue | 10.8 | - | - | - | 29.7 | - | - | 15.7 | |||||||||
The OneFive | (JPY million) | ||||||||||||||||
RevPAR (JPY) | 2,649 | - | - | - | 1,859 | - | - | 3,904 | |||||||||
Osaka | |||||||||||||||||
Sakaisuji | Occupancy (%) | 97.6 | - | - | - | 78.5 | - | - | 63.8 | ||||||||
ADR (JPY) | 2,713 | - | - | - | 2,368 | - | - | 6,115 | |||||||||
Revenue | 19.0 | 4.6 | +14.4 | +315.3% | 53.6 | +37.5 | +232.5% | 57.2 | |||||||||
Nest Hotel | (JPY million) | ||||||||||||||||
RevPAR (JPY) | 1,809 | 294 | +1,515 | +514.9% | 981 | +842 | +605.5% | 5,749 | |||||||||
Osaka | |||||||||||||||||
Occupancy (%) | 51.7 | 8.7 | +43.0 | +493.5% | 29.6 | +26.0 | +721.8% | 80.3 | |||||||||
Shinsaibashi | |||||||||||||||||
ADR (JPY) | 3,502 | 3,380 | +122 | +3.6% | 3,310 | -545 | -14.1% | 7,162 | |||||||||
Hotel Wing | Revenue | 22.1 | 17.0 | +5.1 | +29.8% | 86.4 | +10.4 | +13.6% | 28.8 | ||||||||
(JPY million) | |||||||||||||||||
International | |||||||||||||||||
RevPAR (JPY) | 4,876 | 3,819 | +1,057 | +27.7% | 3,821 | +513 | +15.5% | 6,147 | |||||||||
Kobe Shin | |||||||||||||||||
Nagata | Occupancy (%) | 64.9 | 51.7 | +13.2 | +25.5% | 53.3 | +6.5 | +13.8% | 78.0 | ||||||||
Ekimae | |||||||||||||||||
ADR (JPY) | 7,518 | 7,388 | +130 | +1.8% | 7,163 | +104 | +1.5% | 7,885 | |||||||||
Revenue | 29.4 | 18.5 | +10.8 | +58.4% | 115.7 | +2.6 | +2.3% | 46.3 | |||||||||
(JPY million) | |||||||||||||||||
Nest Hotel | |||||||||||||||||
RevPAR (JPY) | 3,758 | 2,661 | +1,098 | +41.3% | 3,097 | -118 | -3.7% | 4,773 | |||||||||
Matsuyama | |||||||||||||||||
Occupancy (%) | 78.5 | 57.8 | +20.7 | +35.9% | 67.4 | -0.5 | -0.7% | 85.0 | |||||||||
ADR (JPY) | 4,788 | 4,607 | +182 | +3.9% | 4,597 | -144 | -3.0% | 5,618 | |||||||||
Revenue | 22.9 | 17.4 | +5.5 | +31.4% | 103.4 | +44.9 | +76.8% | 30.4 | |||||||||
(JPY million) | |||||||||||||||||
The OneFive | |||||||||||||||||
RevPAR (JPY) | 3,395 | 2,674 | +722 | +27.0% | 3,113 | +1,319 | +73.5% | 4,487 | |||||||||
Okayama | |||||||||||||||||
Occupancy (%) | 97.9 | 93.2 | +4.7 | +5.0% | 97.5 | +39.2 | +67.3% | 86.7 | |||||||||
ADR (JPY) | 3,469 | 2,868 | +601 | +21.0% | 3,192 | +114 | +3.7% | 5,175 | |||||||||
Revenue | 2.8 | 6.9 | -4.1 | -59.5% | 40.7 | -6.2 | -13.2% | 19.5 | |||||||||
(JPY million) | |||||||||||||||||
Court Hotel | |||||||||||||||||
RevPAR (JPY) | 657 | 1,690 | -1,033 | -61.1% | 1,928 | -375 | -16.3% | 4,845 | |||||||||
Kurashiki | |||||||||||||||||
Occupancy (%) | 10.6 | 26.3 | -15.8 | -59.8% | 31.1 | +0.5 | +1.7% | 77.2 | |||||||||
ADR (JPY) | 6,205 | 6,413 | -208 | -3.2% | 6,190 | -1,328 | -17.7% | 6,275 | |||||||||
Revenue | 40.3 | 5.2 | +35.1 | +672.6% | 206.0 | +176.2 | +591.3% | 14.9 | |||||||||
(JPY million) | |||||||||||||||||
Valie Hotel | |||||||||||||||||
RevPAR (JPY) | 7,500 | 927 | +6,573 | +709.2% | 7,500 | +6,398 | +580.5% | 2,759 | |||||||||
Hiroshima | |||||||||||||||||
Occupancy (%) | 100.2 | 23.6 | +76.4 | +324.1% | 100.0 | +75.0 | +299.3% | 68.3 | |||||||||
ADR (JPY) | 7,500 | 3,931 | +3,569 | +90.8% | 7,500 | +3,100 | +70.4% | 4,041 |
3
Dec | (Previous) | Aug 2021 - Dec 2021 | Dec | ||||||||||||||
Difference | YOY | (Current Period-To-Date) | |||||||||||||||
2021 | Dec | (A) - (B) | Change | YOY | YOY | 2019 | |||||||||||
(A) | 2020 (B) | Cumulative | (Reference) | ||||||||||||||
Difference | Change | ||||||||||||||||
Revenue | 12.3 | 7.8 | +4.5 | +57.7% | 44.3 | +16.4 | +58.5% | 21.9 | |||||||||
The OneFive | (JPY million) | ||||||||||||||||
RevPAR (JPY) | 4,746 | 2,845 | +1,901 | +66.8% | 3,359 | +1,398 | +71.3% | 8,531 | |||||||||
Fukuoka | |||||||||||||||||
Occupancy (%) | 97.7 | 86.3 | +11.4 | +13.3% | 97.4 | +40.5 | +71.1% | 93.8 | |||||||||
Tenjin | |||||||||||||||||
ADR (JPY) | 4,856 | 3,296 | +1,559 | +47.3% | 3,448 | +4 | +0.1% | 9,095 | |||||||||
Revenue | 21.6 | 20.5 | +1.1 | +5.4% | 91.7 | +9.7 | +11.9% | 32.4 | |||||||||
(JPY million) | |||||||||||||||||
Nest Hotel | |||||||||||||||||
RevPAR (JPY) | 3,174 | 3,020 | +154 | +5.1% | 2,713 | +318 | +13.3% | 4,554 | |||||||||
Kumamoto | |||||||||||||||||
Occupancy (%) | 76.2 | 80.3 | -4.1 | -5.1% | 69.7 | +7.5 | +12.1% | 80.0 | |||||||||
ADR (JPY) | 4,167 | 3,762 | +405 | +10.8% | 3,891 | +42 | +1.1% | 5,691 |
Fixed Rent Hotels (5 Hotels - excludes Hotel Livemax Nihombashi-Hakozaki)
Dec | (Previous) | Aug 2021 - Dec 2021 | Dec | |||||||||||||
Difference | YOY | (Current Period-To-Date) | ||||||||||||||
2021 | Dec | (A) - (B) | Change | YOY | YOY | 2019 | ||||||||||
(A) | 2020 (B) | Cumulative | (Reference) | |||||||||||||
Difference | Change | |||||||||||||||
Revenue | 15.5 | 8.5 | +7.0 | +82.8% | 95.8 | +15.5 | +19.3% | 13.7 | ||||||||
Comfort | (JPY million) | |||||||||||||||
RevPAR (JPY) | 3,718 | 2,018 | +1,700 | +84.2% | 4,716 | +780 | +19.8% | 3,267 | ||||||||
Hotel | ||||||||||||||||
Occupancy (%) | 73.5 | 48.6 | +24.8 | +51.1% | 80.3 | +6.7 | +9.1% | 74.1 | ||||||||
Kushiro | ||||||||||||||||
ADR (JPY) | 5,062 | 4,152 | +910 | +21.9% | 5,874 | +526 | +9.8% | 4,409 | ||||||||
Revenue | 20.1 | 13.0 | +7.1 | +54.3% | 88.9 | +24.5 | +37.9% | 21.3 | ||||||||
Comfort | (JPY million) | |||||||||||||||
RevPAR (JPY) | 3,301 | 2,139 | +1,162 | +54.3% | 2,966 | +816 | +37.9% | 3,500 | ||||||||
Hotel | ||||||||||||||||
Occupancy (%) | 64.4 | 43.4 | +21.0 | +48.3% | 60.6 | +17.0 | +39.0% | 68.6 | ||||||||
Hamamatsu | ||||||||||||||||
ADR (JPY) | 5,130 | 4,929 | +200 | +4.1% | 4,896 | -37 | -0.8% | 5,102 | ||||||||
Comfort | Revenue | 54.2 | 33.2 | +21.1 | +63.6% | 197.4 | +33.5 | +20.5% | 82.4 | |||||||
(JPY million) | ||||||||||||||||
Hotel | ||||||||||||||||
RevPAR (JPY) | 4,948 | 3,018 | +1,930 | +64.0% | 3,642 | +643 | +21.4% | 7,371 | ||||||||
Central | ||||||||||||||||
Occupancy (%) | 68.6 | 39.0 | +29.6 | +75.7% | 54.5 | +16.4 | +43.1% | 81.8 | ||||||||
International | ||||||||||||||||
Airport | ||||||||||||||||
ADR (JPY) | 7,213 | 7,731 | -518 | -6.7% | 6,682 | -1,194 | -15.2% | 9,013 | ||||||||
Revenue | 12.4 | 10.5 | +2.0 | +18.7% | 49.1 | +4.0 | +8.8% | 12.4 | ||||||||
Comfort | (JPY million) | |||||||||||||||
RevPAR (JPY) | 3,802 | 3,184 | +618 | +19.4% | 3,029 | +245 | +8.8% | 3,765 | ||||||||
Hotel | ||||||||||||||||
Occupancy (%) | 77.2 | 58.2 | +18.9 | +32.5% | 62.6 | +8.9 | +16.5% | 74.3 | ||||||||
Suzuka | ||||||||||||||||
ADR (JPY) | 4,927 | 5,466 | -539 | -9.9% | 4,837 | -343 | -6.6% | 5,069 | ||||||||
Revenue | 12.1 | 3.4 | +8.8 | +259.4% | 33.2 | +5.9 | +21.6% | 24.9 | ||||||||
Urbain | (JPY million) | |||||||||||||||
RevPAR (JPY) | 2,292 | 638 | +1,654 | +259.4% | 1,268 | +225 | +21.6% | 4,703 | ||||||||
Hiroshima | ||||||||||||||||
Occupancy (%) | 46.1 | 12.2 | +33.9 | +278.9% | 25.2 | +6.4 | +33.8% | 83.9 | ||||||||
Executive | ||||||||||||||||
ADR (JPY) | 4,971 | 5,240 | -270 | -5.1% | 5,026 | -506 | -9.1% | 5,602 |
4
Notes:
- 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.
- 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.
-
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. - 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. - 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. - 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.
- Hiroshima Prefecture has temporarily leased all rooms of the Valie Hotel Hiroshima starting on February 8, 2021.
- Pre-acquisitiondata for acquired hotels are based on data received from the previous owners.
- December 2019 Revenue, RevPAR, Occupancy, and ADR data provided as a reference is for the 20 hotels owned since December 2019, and is not available for HOTEL EMIT SHIBUYA. The OneFive Okayama was operating under the name Comfort Hotel Okayama in November 2019, and hotel data is included as a fixed rent hotel.
Status of Temporarily Closed Hotel
Hotel | Close Start Date | Status |
Hotel operation ended on December 15, | ||
2021 | ||
Selected Hakata Hotels as the new | ||
Court Hotel Kurashiki | December 16, 2021 | operator, replacing the previous operator |
Preparing to rebrand and reopen as The | ||
OneFive Garden Kurashiki on February 1, | ||
2022 | ||
5
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Ichigo Hotel REIT Investment Corporation published this content on 25 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2022 06:26:36 UTC.