
ãã€ãããã«ãã³ã¯ãã芧ããã ããããããšãããããŸãã
9æãç§ãã¡ããã«ãã³ã¯ã®æéã¢ã¯ãã£ããŠãŒã¶ãŒæ°ã30äžäººãè¶
ããŸããã
宿°å€ã§ã¯çŽ32äžäººãå幎åæãšæ¯ã¹ããšãçŽ19åã®å¢å ã§ãã
ãŸããå
¬éããèšäºã10æ5æ¥ 9:00æç¹ã§10,838æ¬ã«ãªããŸããã
ããã«ãéå¶ãããŠããæ¹ãéçºãæè³ãæ€èšãããŠããæ¹ã芳å ã«æºããæ¹ã«èªãã§ããã ããŠããŸãã
30äžäººãšããæ°åã¯ãç§ãã¡ã«ãšã£ãŠå€§ããªç¯ç®ã§ãã
ä»åã¯ããã®1幎ã§HotelBankããã£ãŠããããšãšãæè¿ç¹ã«èªãŸããŠããèšäºãã玹ä»ããŸãã
ä»å¹Žãã£ãŠããããš
ä»å¹Žã¯ãµã€ãã®ãã¶ã€ã³ãšã«ããŽãªã®çµã¿ç«ãŠãèŠçŽããŸãããããã«æ¥çã®ãã¥ãŒã¹ãã§ããã ãæ©ããå±ãããããšã¯ç¶ããªãããç§ãã¡ãæã£ãŠãã宿æ³ããŒã¿ãšå ¬éçµ±èšãçµã¿åãããADRã皌åã客宀äŸçµŠãã€ã³ããŠã³ãã®åããæ°åã§æžãèšäºãå¢ãããŠããŸãã
ãç ã£ãŠããããŒã¿ããæ°ããªä»å 䟡å€ããã®ã³ã³ã»ããã«ç«ã¡è¿ããããã«æ¥çãããã¥ãŒã¹ããšãããŒã¿ãã®äž¡é¢ããæããããã¡ãã£ã¢ãšããŠãæ¹é©ãé²ããäžå¹Žã§ããã
çŽè¿å幎ã§ãç¹ã«èªãŸããèšäº
ãã®1幎ã§ãããã«ãã³ã¯ã§ã¯ããŸããŸãªèšäºãå
¬éããŠããŸããã
ãã®äžã§ããæè¿ç¹ã«å€ãã®æ¹ã«èªãã§ããã ããã®ãããã¡ãã®èšäºã§ãã
01ïœå¶åºŠãã客宀æ°ãã«çœ®ãæããŠèªã
ãä¹å·ãµã£ããå¿æŽå²155ååã¯10æã®æ®å®€ã®1.4ã3.3å â 宿ã®å£²äžã»çšŒåçãžã®å€æå¹çã
è£å©éã®éé¡ããã®ãŸãŸèŠãã®ã§ã¯ãªãããå®éã®å®¢å®€æ°ã«çœ®ãæãããšãã©ã®ãããã®èŠæš¡ãªã®ãããšããèŠç¹ããåæããŸããã
èšäºãèªã â
02ïœã€ãã³ããã客宀äŸçµŠããšããŠèªã
ãã¢ãžã¢å€§äŒ2026ã®éžææã¯è¹ â 1,500宀Ã22æ¥ã®ããã«ã·ãããåå€å±ã®å®¢å®€28,986宀ãšã®è·é¢ã
倧åã€ãã³ãã®åœ±é¿ããéžææã®å®¢å®€æ°ãšéå¬å°ã®æ¢åããã«å®¢å®€æ°ãæ¯èŒããªããèªã¿è§£ããŸããã
èšäºãèªã â
03ïœããã«æè³ããåšèŸºããŒã¿ããšçµã¿åãããŠèªã
ãéã¶é¢ãã£ãã¿ã«ã®åæå±±ããªãŒãã·ãã£ååŸïœããã«99å®€ã»æšå®ADR1.2äžåãšçœæµ1.9äžåã®äŒžã³ããã
ããã«ã®ååŸãã¥ãŒã¹ã ãã§ãªããåšèŸºãšãªã¢ã®ADRã客宀äŸçµŠãªã©ã®ããŒã¿ãéããŠãä»åŸã®å¯èœæ§ãèå¯ããŸããã
èšäºãèªã â
å¶åºŠã§ããã€ãã³ãã§ããæè³æ¡ä»¶ã§ãããçµå±ãããã«ã®çŸå Žã«ã¯ã©ã圱é¿ããã®ãããŸã§æ°åã«çœ®ãæããŠèããèšäºããå€ãã®æ¹ã«èªãã§ããã ããã®ã ãšåãæ¢ããŠããŸãã
ãããããããã¥ãŒã¹ããã®ãŸãŸç޹ä»ããã ãã§ã¯ãªããå®¿æ³æ¥çã§åãæ¹ãæ¬¡ã®å€æãèãããšãã«äœ¿ããæ å ±ãå±ããŠãããããšæã£ãŠããŸãã
ããã«ãã³ã¯ã§ã¯ããããªæ å ±ããå±ãããŠããŸã
01 æè³ã»éçº
M&Aãéçºæ¡ä»¶ãæè³å䟡ãIRRãREITååãæ±ã£ãŠããŸããéç€ºè³æã®æ°åã«ãåšèŸºã®ADRã客宀äŸçµŠã䞊ã¹ãŠèªãèšäºãäžå¿ã§ãã
ããã«REIT7瀟ã®ã¹ãã³ãµãŒæ¯èŒ â åœå
298ç©ä»¶1.8å
åãæ¬¡ã®ååŸã¯ã©ãããåºãã
02 ã¬ããã¥ãŒãããžã¡ã³ã
äŸ¡æ ŒæŠç¥ããããã³ã°ã«ãŒããåšåº«ã³ã³ãããŒã«ã®è©±ã§ããç¥ããé£äŒã®åã«ã¯ã45æ¥åã»30æ¥åã»çŽåã®äºçŽã®ç©ã¿äžããã远ã£ãŠããŸãã
å§«è·¯ã»çã®ãããç¥ãå®µå®®ãæšå®OCCã¯å¹³æ¥äžŠã¿ã§ãå®å£²æœèšçã¯2å â 45æ¥åã»30æ¥åã»çŽåã®åšåº«èšèš
03 æ¥çãã¬ã³ã
å¶åºŠå€æŽã人件費ããšãã«ã®ãŒã³ã¹ãããã¯ãããžãŒã®åãã远ã£ãŠããŸããæäœè³éãå
¥æ¹¯çšã®ãããªè©±é¡ã¯ã宿ã®å䟡ã«ã©ãå¹ãããŸã§æžããŠããŸãã
æäœè³é2026äžèЧïœ28éœéåºçãçç³ç¢ºå®ãåèã»æç¥1,195å â 10æçºå¹æ¥ãšå®¿ã®å䟡èšèš
04 宿æ³åžå Žåå
ADRã»OCCã»RevPARã®ææ¬¡ãã¬ã³ããšããšãªã¢å¥ã®ãã³ãããŒã¯ãé絊ãã©ã³ã¹ã§ãã芳å
åºã®çµ±èšãšOTAã®æ²èŒåšåº«ãããããšãããã®å·®ãã©ãèªãããæ±ã£ãŠããŸãã
ä¹å·ãµã£ããå¿æŽå² å®®åŽã»å€§åãéå§æ¥ã«æ²èŒåšåº«ãå¹³æã®10.6åã»6.6åæž â æ¥æ
å¥ã®æ®µå·®
05 ã€ã³ããŠã³ã
JNTOã®ææ¬¡çµ±èšãåžå Žå¥ã®æ¥æ¥ååãè±æã¬ãã¥ãŒã®æºè¶³åºŠãèŠãŠããŸããå°æ¹ã«ã©ãã ã忣ããŠãããããçåäœãŸã§äžãããŠæ€èšŒããŠããŸãã
欧米豪ã®å®¿æ³ã䌞ã³ãç2026äžåæïœé·åŽ+65%ãå䟡ã«ä¹ã£ãã®ã¯åæµ·éã»å®®å
06 ãšãªã¢ã»æœèšåæ
ãšãªã¢ã®é絊ãã©ã³ã¹ãADRãã³ãããŒã¯ãå奿œèšã®ãªãã©ã³ããé通ãåãäžããŠããŸãã
ããã«ç«å±±ã¯ãªãé通ïŒ8/31å¶æ¥çµäºã®çç±ãšä»åŸã®éå¶
07 調æ»
ç¬èªããŒã¿ã«åºã¥ãå®é調æ»ã§ããå
šåœã®å®¿æ³è
å£ã³ããæ°åäžä»¶åäœã§è§£æããããOTAéã®æéå·®ã宿ž¬ããããå
¬ççµ±èšãæ€èšŒãããããŠããŸãã
æºæ³æãæµãæž©æ³ã©ã³ãã³ã° éœéåºçå¥2026ïœå£ã³ãã§èªããã1,254è»ãšèšŽæ±äœå°426è»
08 åæ
ç·šééšãçŸå°ã«è¡ã£ãŠã鿥ã®çŸå Žã宿æ³äœéšãéå¶è
ã®æ¹ã®èãããæ¬äººã®èšèã§èããŠããŸããããŒã¿ã§ã¯æŸããªãéšåã§ãã
ãåæãæµåæ¹ã»äžã¶æ¥ã«äžæ£è²žããŽã£ã©ãUMI&mikkabiã鿥 䜿ãããªãå¥èãå®¿æ³æœèšãž
09 æ°èŠéæ¥ã»äŸçµŠ
2026ã2028幎ã®éæ¥ãã€ãã©ã€ã³ãšç«¶åç¶æ³ãããšãªã¢ããšã«ãäœå®€å¢ããŠãæ¢åã®äœ%ã«ãããããã§æŽçããŠããŸãã
ã°ã©ã³ãããªã³ã¹ããã«æ°é«èŒªã®å¶æ¥çµäºã¯ãã€ïŒ27幎4æä»¥éãå¶æ¥ã»è§£äœã¯29幎床äºå®ãåå·ã®906å®€ãæ€èšŒ
10 ã©ã€ãã¹ã¿ã€ã«
ããã«æ®ãããé·ææ»åšãåºåŒµã®å®è²»ãšéžã³æ¹ããæ³ãŸãåŽã®ç®ç·ã§æžããŠããŸãã
æºæ³æãæµãæž©æ³ã©ã³ãã³ã°ïœå£ã³ãã§ãããæµããèšåãå€ãå®¿ãšæ¢ãæ¹ã2026幎ã
ãããã«æ¥çãããããæ¯å¹Žã¢ããããŒãããŠããŸã
ããã«ã»å®¿æ³æ¥çã«é¢ããäŒæ¥ããµãŒãã¹ã1æã«æŽçãããããã«æ¥çããããã¯ãããã«ãã³ã¯ã代衚ããå®çªäŒç»ã®äžã€ã§ããæ¯å¹Žãããã«æ¥çã®ææ°ååãåæ ããŠå 容ãã¢ããããŒãããŠããã2025幎ã«å ¬éãããããã«æ¥çããã2026ãã¯çŽ1,600ä»¶ãããŠã³ããŒãããŠããã ããŸããã
ä»å¹Ž8æã«ã¯ææ°çãšãªããããã«æ¥çããã2027ããå ¬éãä»åã¯ãããã«ã«é¢ããäž»èŠäŒæ¥ã»ãµãŒãã¹ã29ã«ããŽãªã»255ããŽã«æŽçããã»ããADRæšç§»ãã€ã³ããŠã³ããæ°èŠããã«äŸçµŠãªã©ã®ç¬èªããŒã¿ãæ²èŒããŠããŸãã
ãããŒã¿ã§èªããããã«æ¥çããã2027
ç·šééšããïœããããã®ããã«ãã³ã¯ã«ã€ããŠ
ãã€ããæèªããã ããããããšãããããŸãã
æéã¢ã¯ãã£ããŠãŒã¶ãŒ30äžäººãšããç¯ç®ãè¿ããããããšããç·šééšäžåãå¿ããå¬ããæã£ãŠããŸãïŒ
ããã«æ¥çã§ã¯ãéèŠã®å€åãæ°ããããã«ã®éæ¥ãå¶åºŠå€æŽãã€ã³ããŠã³ãã®ååãªã©ãæ¯æ¥ã®ããã«æ°ããåºæ¥äºãèµ·ããŠããŸããæ¥ã ããŸããŸãªå€æã察å¿ã«è¿œããããªãã§ãããã«ãã³ã¯ã®èšäºã楜ãã¿ã«ããŠãã ãã£ãŠããæ¹ã30äžäººãããããšã«ã倧ããªåã³ãæããŠããŸãããããŸã§ç¶ããŠããããã®ã¯ãã²ãšãã«èªè ã®çããŸã®ãããã§ãã
ãããããããã«æ¥çã¯ãããŸããŸãªå€åãéããªããé²åãç¶ããŠããã¯ãã§ãã
å¶åºŠã®å€æŽã¯å®¢å®€æ°ãå䟡ã«çœ®ãæããã
ã€ãã³ãåã®äºçŽã®åãã¯ãæ¥ä»ãåã£ãŠè¿œãã
éçºæ¡ä»¶ã¯ãADRã客宀äŸçµŠãåšèŸºç°å¢ãŸã§å«ããŠèããã
ç§ãã¡ã¯ãããããèŠç¹ãããããã倧åã«ããŠãããŸãã
30äžäººããŽãŒã«ãšã¯æããããçµå±ãããã«ã®çŸå Žã«ã¯ã©ãå¹ãã®ããã«çããããèšäºãç®æããŠãããäžå±€å€ãã®æ¹ã«å±ãæ
å ±çºä¿¡ã«å±ã¿ãããšæããŸãã
ããããªããŒã¿ãèŠããã
ããã®ãšãªã¢ã®æ°åãç¥ãããã
ãããªãèŠæãããã°ããã²ãåãåãããããå¯ããã ããã
ãã€ãããã«ãã³ã¯ãã芧ããã ããŠããçããŸã«ãæ¹ããŠæè¬ç³ãäžããŸãã
ãããããããã«æ¥çã®ãä»ãããæ°åãšçŸå Žã®äž¡æ¹ãã远ããããŠãããŸãã
åŒãç¶ããããã«ãã³ã¯ããããããé¡ãããããŸãã
