Properties
Hotel MyStays Kamata
5-46-5 Kamata, Ota-Ku, Tokyo
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116
Guest Rooms -
497 sq m
Land Area
Hotel MyStays Kamata, conveniently located near Keikyu-Kamata Station and just a 10-minute train ride from Haneda Airport, offers guests easy access to Tokyo's key destinations like Shinagawa and Shibuya. Nestled amidst the lively arcade streets of Kamata, the hotel is surrounded by a vibrant array of dining options, shops, and local attractions. This bustling area, combined with the hotel's accessibility to major urban centers, makes it an ideal choice for both business travellers and tourists seeking to experience the unique culture and flavors of the city.
Hotel MyStays Kamata provides complimentary laundry facilities which ensure a convenient stay for long-stay guests.
Property Details [ – ]
Number of guest rooms | 116 |
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Car park facilities | 6 car park lots |
Land area | 497 sq m |
Title | Freehold |
Purchase price at 19 December 2014 | ¥2.60 billion |
Valuation (1) as at 31 December 2023 | ¥3.02 billion |
Hotel Management Agreement Details [ – ]
Operator | MyStays Hotel Management Co., Ltd. |
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Term of Hotel Management Agreement | 3-year auto-renewal basis, unless terminated with notice |
FY 2023 Key Financials [ – ]
Gross Hotel Revenue | S$3.4 million (2) (¥351.0 million) |
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Net property income | S$1.6 million (2) (¥161.7 million) |
Average occupancy rate | 87.7% |
- (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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