JAPAN HOTEL REIT INVESTMENT CORPORATION January 25, 2016
REIT Issuer:
Japan Hotel REIT Investment Corporation (TSE code: 8985) Kaname Masuda, Executive Director
Asset Management Company:
Japan Hotel REIT Advisors Co., Ltd.
Hisashi Furukawa, Representative Director and President Contact:
Makoto Hanamura General Manager
Investor Relations Department, Operations Division TEL: +81-3-6422-0530
Announcement of Monthly Disclosure for December 2015
With respect to the business performance of the hotels owned by Japan Hotel REIT Investment Corporation (hereinafter called "JHR") for December 2015, JHR informs you of the monthly sales, occupancy rates, ADR, and RevPAR of rooms department as below.
JHR continues to announce monthly disclosure of hotels from which JHR receives variable rent or income based on management contracts and whose lessees, etc. have agreed with the monthly disclosure.
Hotel / Indicators | December | Fluctuation compared w ith the same month last year (Note 7) | Change in fluctuation compared w ith the same month last year | Cumulative total (Note 8) | Fluctuation of the cumulative total compared w ith last year (Note 9) | Change in fluctuation of the cumulative total compared w ith last year | ||
Kobe Meriken Park Oriental Hotel | Occupancy rate | 74.3% | -7.4% | -9.0% | 80.0% | -0.5% | -0.6% | |
ADR | (JPY) | 22,030 | 3,224 | 17.1% | 17,361 | 2,006 | 13.1% | |
RevPAR | (JPY) | 16,363 | 1,010 | 6.6% | 13,896 | 1,528 | 12.3% | |
Sales | (JPY 1M) | 501 | 23 | 4.7% | 5,252 | 30 | 0.6% | |
Oriental Hotel tokyo bay | Occupancy rate | 99.4% | 0.4% | 0.4% | 98.1% | 0.0% | 0.0% | |
ADR | (JPY) | 22,623 | 936 | 4.3% | 20,027 | 720 | 3.7% | |
RevPAR | (JPY) | 22,487 | 1,024 | 4.8% | 19,655 | 711 | 3.8% | |
Sales | (JPY 1M) | 694 | 0 | 0.1% | 7,322 | 112 | 1.6% | |
Namba Oriental Hotel | Occupancy rate | 78.9% | -14.8% | -15.8% | 89.7% | -1.2% | -1.3% | |
ADR | (JPY) | 18,585 | 3,781 | 25.5% | 16,949 | 4,047 | 31.4% | |
RevPAR | (JPY) | 14,669 | 795 | 5.7% | 15,204 | 3,473 | 29.6% | |
Sales | (JPY 1M) | 209 | 6 | 2.8% | 2,530 | 382 | 17.8% | |
Hotel Nikko Alivila | Occupancy rate | 59.8% | -5.1% | -7.9% | 83.6% | 3.6% | 4.5% | |
ADR | (JPY) | 23,745 | -87 | -0.4% | 26,651 | 1,570 | 6.3% | |
RevPAR | (JPY) | 14,200 | -1,279 | -8.3% | 22,283 | 2,211 | 11.0% | |
Sales | (JPY 1M) | 347 | -32 | -8.5% | 5,948 | 457 | 8.3% | |
Oriental Hotel Hiroshima | Occupancy rate | 79.6% | 1.3% | 1.6% | 80.0% | 1.9% | 2.4% | |
ADR | (JPY) | 8,648 | 197 | 2.3% | 8,908 | 391 | 4.6% | |
RevPAR | (JPY) | 6,880 | 263 | 4.0% | 7,122 | 472 | 7.1% | |
Sales | (JPY 1M) | 223 | 37 | 19.8% | 2,134 | -90 | -4.0% | |
Total of five hotels | Sales | (JPY 1M) | 1,974 | 34 | 1.7% | 23,186 | 890 | 4.0% |
Hotel / Indicators | December | Fluctuation compared w ith the same month last year (Note 7) | Change in fluctuation compared w ith the same month last year | Cumulative total (Note 8) | Fluctuation of the cumulative total compared w ith last year (Note 9) | Change in fluctuation of the cumulative total compared w ith last year | ||
Okinawa Marriott Resort & Spa | Occupancy rate | 69.2% | ||||||
ADR | (JPY) | 17,454 | ||||||
RevPAR | (JPY) | 12,080 | ||||||
Sales | (JPY 1M) | 267 | ||||||
Hotel / Indicators | December | Fluctuation compared w ith the same month last year (Note 7) | Change in fluctuation compared w ith the same month last year | Cumulative total (Note 8) | Fluctuation of the cumulative total compared w ith last year (Note 9) | Change in fluctuation of the cumulative total compared w ith last year | ||
Mercure Sapporo | Occupancy rate | 90.4% | 15.3% | 20.4% | 82.1% | |||
ADR | (JPY) | 10,518 | 518 | 5.2% | 11,009 | |||
RevPAR | (JPY) | 9,509 | 2,003 | 26.7% | 9,044 | |||
Sales | (JPY 1M) | 108 | 19 | 20.8% | 1,172 | |||
ibis Styles Sapporo | Occupancy rate | 92.1% | 5.1% | 5.8% | 87.8% | |||
ADR | (JPY) | 7,741 | 889 | 13.0% | 9,335 | |||
RevPAR | (JPY) | 7,130 | 1,166 | 19.5% | 8,197 | |||
Sales | (JPY 1M) | 77 | 13 | 19.9% | 1,019 | |||
ibis Tokyo Shinjuku | Occupancy rate | 81.2% | -8.8% | -9.8% | 88.5% | -3.4% | -3.7% | |
ADR | (JPY) | 12,314 | 963 | 8.5% | 11,809 | 538 | 4.8% | |
RevPAR | (JPY) | 9,997 | -220 | -2.2% | 10,456 | 98 | 0.9% | |
Sales | (JPY 1M) | 70 | -3 | -4.1% | 873 | 2 | 0.2% | |
ibis Styles Kyoto Station | Occupancy rate | 93.6% | 5.9% | 6.8% | 90.7% | 6.0% | 7.1% | |
ADR | (JPY) | 10,011 | 726 | 7.8% | 10,491 | 820 | 8.5% | |
RevPAR | (JPY) | 9,369 | 1,231 | 15.1% | 9,520 | 1,328 | 16.2% | |
Sales | (JPY 1M) | 69 | 11 | 19.5% | 814 | 124 | 18.0% | |
Mercure Okinawa Naha | Occupancy rate | 76.2% | 7.2% | 10.4% | 80.7% | |||
ADR | (JPY) | 10,774 | 990 | 10.1% | 10,038 | |||
RevPAR | (JPY) | 8,211 | 1,456 | 21.5% | 8,097 | |||
Sales | (JPY 1M) | 82 | 14 | 21.5% | 923 | |||
Mercure Yokosuka | Occupancy rate | 90.5% | ||||||
ADR | (JPY) | 11,457 | ||||||
RevPAR | (JPY) | 10,374 | ||||||
Sales | (JPY 1M) | 100 | ||||||
Total of six hotels | Sales | (JPY 1M) | 506 | |||||
Hotel / Indicators | December | Fluctuation compared w ith the same month last year (Note 7) | Change in fluctuation compared w ith the same month last year | Cumulative total (Note 8) | Fluctuation of the cumulative total compared w ith last year (Note 9) | Change in fluctuation of the cumulative total compared w ith last year | ||
the b akasaka-mitsuke | Occupancy rate | 87.5% | ||||||
ADR | (JPY) | 11,844 | ||||||
RevPAR | (JPY) | 10,366 | ||||||
Sales | (JPY 1M) | 40 | ||||||
the b ikebukuro | Occupancy rate | 92.9% | ||||||
ADR | (JPY) | 10,544 | ||||||
RevPAR | (JPY) | 9,800 | ||||||
Sales | (JPY 1M) | 54 | ||||||
the b ochanomizu | Occupancy rate | 84.8% | ||||||
ADR | (JPY) | 10,608 | ||||||
RevPAR | (JPY) | 8,997 | ||||||
Sales | (JPY 1M) | 20 | ||||||
the b hachioji | Occupancy rate | 91.5% | ||||||
ADR | (JPY) | 6,951 | ||||||
RevPAR | (JPY) | 6,362 | ||||||
Sales | (JPY 1M) | 49 | ||||||
the b hakata | Occupancy rate | 93.2% | ||||||
ADR | (JPY) | 7,105 | ||||||
RevPAR | (JPY) | 6,623 | ||||||
Sales | (JPY 1M) | 36 | ||||||
the b suidobashi | Occupancy rate | 81.4% | ||||||
ADR | (JPY) | 10,909 | ||||||
RevPAR | (JPY) | 8,879 | ||||||
Sales | (JPY 1M) | 27 | ||||||
Total of six hotels | Sales | (JPY 1M) | 227 | |||||
Kobe Meriken Park Oriental Hotel
Amid the favorable market, the hotel adopted a strategy to increase ADR and attracted guests in the higher-rate segment. This led to an increase in ADR. The hotel's total sales exceeded those of the same month last year in spite of decrease in occupancy rate.
Namba Oriental Hotel
The occupancy rate dropped since some of the guest rooms were not available due to renovation which started in December. But the hotel attracted guests in the higher-rate segment and increased ADR. As a result, the hotel's total sales exceeded those of the same month last year.
Mercure Sapporo and ibis Styles Sapporo
Against the backdrop of the favorable market, the hotel attracted domestic and inbound leisure demand in the higher-rate segment. As a result, the hotel's total sales exceeded those of the same month last year.
ibis Tokyo Shinjuku
Although ADR exceeded that of the same month last year by attracting guests in the higher-rate segment, the hotel's total sales dropped compared with the same month last year because some of the guest rooms were not available due to renovation which had started at the end of September.
Mercure Okinawa Naha
Against the backdrop of the favorable market, the hotel attracted domestic and inbound leisure demand in the higher-rate segment. As a result, the hotel's total sales exceeded those of the same month last year.
*The sales of Mercure Sapporo, ibis Styles Sapporo, ibis Tokyo Shinjuku, ibis Styles Kyoto Station, the b akasaka-mitsuke, the b ikebukuro, the b hachioji, and the b hakata are the sales of hotel business only, and rent from non-hotel tenant(s) is not included. The previous lessees, etc. of Mercure Sapporo, ibis Styles Sapporo, and Mercure Okinawa Naha did not agree with disclosure of numerical value. Therefore, fluctuation of the cumulative total compared with last year is unavailable for these hotels. The
previous lessees, etc. of Okinawa Marriott Resort & Spa, Mercure Yokosuka, and six "the b" hotels did not agree with disclosure of numerical value. Therefore, fluctuation compared with the same month last year and fluctuation of the cumulative total compared with last year are unavailable for these hotels.
(Note 1) The comments above have been prepared based on information the asset management company had obtained from the lessees, etc. and are only provided as a reference of general trends. Please note that the numerical figures and information shown in the comments have neither been audited nor been the subject of the independent verification of the asset management company. No guarantee is made as to the accuracy or completeness of the numbers and information.
(Note 2) Each month's numbers have not been audited; therefore, the amount that is a sum total of each month may be different from the six-month or annual sales total stated in the annual securities report to be submitted later. Sales of each month may also differ from that stated in the annual securities report.
(Note 3) Occupancy rate: The number of rooms sold during the period is divided by the number of rooms available during the same period.
(Note 4) ADR (Average Daily Rate): Total rooms revenue for a certain period (excluding service charges) is divided by the total number of rooms sold during the period. Accor's six hotels and six "the b" hotels do not request service charges.
(Note 5) RevPAR (Revenue Per Available Room): Total rooms revenue for a certain period (excluding service charges) is divided by the total number of available rooms during the period. It is the same as multiplying ADR by occupancy rate.
(Note 6) Occupancy rate is rounded off to the first decimal place. ADR and RevPAR are rounded off to the nearest whole number. Sales are rounded off to the nearest million yen.
(Note 7) Fluctuation compared with the same month last year means the fluctuation between the concerned month (December) and the same month last year.
(Note 8) Cumulative total is the cumulative total from the beginning of the period (January) to the concerned month (December).
(Note 9) Fluctuation of cumulative total compared with last year means the fluctuation between the cumulative total from the beginning of the period (January) to the concerned month (December) and the cumulative total from the beginning of the period last year to the same concerned month (December) last year.
* Website of Japan Hotel REIT Investment Corporation: http://www.jhrth.co.jp/en/
Japan Hotel REIT Investment Corporation issued this content on 2016-01-25 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-25 06:33:04 UTC
Original Document: http://www.jhrth.co.jp/site/file/tmp-Ut4Wd.pdf
