Properties

Hotel MyStays Asakusabashi

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

  • Guest Room

    139
    Guest Rooms

  • Land Area

    564 sq m
    Land Area

Hotel MyStays Asakusabashi, perfect for both business and leisure travellers, stands in a vibrant area of central Tokyo, surrounded by traditional craft shops and ample casual dining. Conveniently located, it offers easy access to the cultural hubs of Asakusa and Akihabara, and is close to major transport links providing accessibility to Tokyo's attractions. The hotel features on-site conveniences like a ground-floor convenience store and a variety of nearby dining options, ensuring a comfortable stay in the heart of the city.

Hotel MyStays Asakusabashi provides complimentary laundry facilities which ensure a convenient stay for long-stay guests.

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 2023 ¥4.57 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 2023 Key Financials [  –  ]
Gross Hotel Revenue S$4.7 million (2)
(¥494.6 million)
Net property income S$2.3 million (2)
(¥240.5 million)
Average occupancy rate 86.8%
  • (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 = ¥104.17.

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