Hotel Transactions & Cap Rates in Kyoto
11 transactions from J-REIT timely disclosures｜Last updated: July 18, 2026 (refreshed weekly)
Transactions
11
Median CR (all time)
4.00%
CR range (last 3 years)
3.5–4.3%
Avg. price (all time)
24.0×¥100M
2 transactions were disclosed in the last 12 months. The all-time median cap rate across 6 deals is 4.00%.
Cap rate trend (monthly median)
Calculated from disclosed cap rates (appraisal NOI yield). See the table below for individual sources.
Breakdown by ward
| Ward | Transactions | Cap rate |
|---|---|---|
| 京都市下京区 | 2 | 4.00% |
| 京都市中京区 | 2 | 3.90% |
| 京都市左京区 | 1 | 4.10% |
| 京都市西京区 | 1 | 6.80% |
All transactions (11)
| Date | Property | Ward | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|---|
| 2025/12 | Candeo Hotels Kyoto Karasuma Rokkaku | — | 48.0×¥100M | 3.50% | 4 | REIT-IR ↗ |
| 2025/12 | ONEST Karasuma Kyoto Square | — | 5.0×¥100M | — | 40 | REIT-IR ↗ |
| 2025/04 | MIMARU SUITES Kyoto Shijo | 下京区 | 25.5×¥100M | 4.30% | 5 | REIT-IR ↗ |
| 2024/10 | Onyado Nono Kyoto Shichijo | 下京区 | 3.0×¥100M | 3.70% | 4 | REIT-IR ↗ |
| 2024/02 | B-4 Hotel Intergate Kyoto Shijo Shinmachi | 中京区 | 58.0×¥100M | 3.90% | 7 | REIT-IR ↗ |
| 2024/01 | Hotel Intergate Kyoto Shijo Shinmachi | 中京区 | 58.0×¥100M | — | 8 | REIT-IR ↗ |
| 2023/09 | Hotel Wing International Premium Kyoto Sanjo | 左京区 | 32.0×¥100M | 4.10% | 3 | REIT-IR ↗ |
Show transactions older than 5 years (4)
| Date | Property | Ward | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|---|
| 2017/07 | HOSHINOYA Kyoto Bekkan Tochi | — | 0.9×¥100M | — | — | REIT-IR ↗ |
| 2017/07 | HOSHINOYA Kyoto Bekkan | — | 2.6×¥100M | — | 1 | REIT-IR ↗ |
| 2017/07 | HOSHINOYA Kyoto Bekkan Tochi oyobi Tatemono | — | 3.5×¥100M | — | 1 | REIT-IR ↗ |
| 2014/05 | Hoshinoya Kyoto | 西京区 | 27.9×¥100M | 6.80% | — | REIT-IR ↗ |
FAQ
What is the average cap rate for Hotel in Kyoto?
The median cap rate across 6 J-REIT disclosed transactions (all time) is 4.00% (as of July 18, 2026, appraisal NOI yield basis).
What is the data source?
Disclosure PDFs from TDnet (Tokyo Stock Exchange timely disclosure) and official J-REIT IR pages. Every record links to its source.