Naha, Okinawa — Hotel Cap Rates & Price per Sqm
8 transactions from J-REIT timely disclosures｜Last updated: September 21, 2026 (refreshed weekly)
Transactions
8
Median CR (all time)
4.90%
CR range (last 3 years)
4.3–5.4%
Avg. price (all time)
59.8×¥100M
2 transactions were disclosed in the last 12 months. The all-time median cap rate across 6 deals is 4.90%.
Cap rate trend (monthly median)
Calculated from disclosed cap rates (appraisal NOI yield). See the table below for individual sources.
All transactions (9)(1 scheduled, excluded from statistics)
| Date | Property | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|
| 2026/11Scheduled | Solvita Hotel Naha | 46.5×¥100M | 4.40% | — | REIT-IR ↗ |
| 2026/05 | Nest Hotel Naha Kumochi | 54.9×¥100M | 4.30% | 5 | REIT-IR ↗ |
| 2026/03 | DoubleTree by Hilton Naha Shurijo | 104.6×¥100M | 5.40% | 53 | REIT-IR ↗ |
| 2024/10 | Lot adjacent to Okinawa Harborview Hotel | 0.6×¥100M | — | — | REIT-IR ↗ |
| 2024/07 | Okinawa Harborview Hotel | 215.0×¥100M | 5.30% | 49 | REIT-IR ↗ |
| 2023/09 | Smile Hotel Okinawa Naha | 11.2×¥100M | 4.40% | 16 | REIT-IR ↗ |
| 2022/03 | Hotel JAL City Naha (Additional Land Acquisition) | 0.2×¥100M | — | 0 | REIT-IR ↗ |
Show transactions older than 5 years (2)
| Date | Property | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|
| 2020/01 | Solvita Hotel Naha | 38.6×¥100M | 4.50% | 15 | REIT-IR ↗ |
| 2020/01 | ネストホテル那覇 | 52.9×¥100M | 5.30% | 45 | REIT-IR ↗ |
FAQ
What is the average Hotel cap rate in Naha, Okinawa?
The median cap rate across 6 J-REIT disclosed transactions (all time) is 4.90% (as of September 21, 2026, appraisal NOI yield basis).
What is the data source?
Timely-disclosure PDFs published on each J-REIT official IR page. Every record links to its source.