Osaka, Osaka — Hotel Cap Rates & Price per Sqm
17 transactions from J-REIT timely disclosures｜Last updated: November 1, 2026 (refreshed weekly)
Transactions
17
Median deal cap rate (last 12 months)
3.70%
Deal cap rate range (last 3 years)
3.10–4.60%
Avg. price (all time)
¥10.85bn
Properties appraised
21
Median appraisal cap rate
4.20%
Appraisal cap rate range
3.8–4.7%
Period ends
2025/12–2026/07
Cap rates at transaction
From acquisition/disposition notices, as of each deal (dates vary by deal)
3 Hotel transactions in Osaka, Osaka were disclosed in the last 12 months, with a median cap rate of 3.70%. That is 40bps lower than a year earlier.
Transaction cap rate trend (each deal + quarterly median)
Last 5 years. Grey dots are individual deals; the red line is the quarterly median. The segment into the quarter in progress (deals so far) is dashed. Use the number of dots to spot quarters with few deals. Calculated from cap rates disclosed in acquisition/disposition notices (appraisal NOI yield at the time of each deal). These differ from periodic appraisals (current valuations), shown separately below. See the table below for individual sources.
Breakdown by ward
| Ward | Transactions | Cap rate |
|---|---|---|
| Chuo, Osaka | 9 | 3.80% |
| Naniwa, Osaka | 4 | 4.30% |
| Nishi, Osaka | 1 | 3.70% |
| Konohana, Osaka | 1 | — |
| Yodogawa, Osaka | 1 | 4.10% |
| Abeno, Osaka | 1 | 4.60% |
All transactions (17)
| Ward | Source | |||||
|---|---|---|---|---|---|---|
| 2026.08 | Candeo Hotels Osaka Namba | Chuo | ¥14.32bn | 3.10% | 2017 · 9 yrs | REIT-IR ↗ |
| 2026.03 | THE BASEMENT HOTEL Osaka Honmachi | Nishi | ¥5.60bn | 3.70% | 2019 · 7 yrs | REIT-IR ↗ |
| 2025.12 | APA Hotel <Namba Kita Shinsaibashi Station Front> | Chuo | ¥4.85bn | 3.80% | 2000 · 26 yrs | REIT-IR ↗ |
| 2025.10 | Holiday Inn Express Osaka City Center Midosuji | Chuo | ¥22.52bn | — | 2019 · 7 yrs | REIT-IR ↗ |
| 2025.06 | Smile Hotel Premium Osaka-Honmachi | Chuo | ¥8.69bn | 3.70% | 2017 · 9 yrs | REIT-IR ↗ |
| 2025.04 | MIMARU Osaka Shinsaibashi EAST | Chuo | ¥5.30bn | — | 2021 · 5 yrs | REIT-IR ↗ |
| 2025.03 | Hotel Universal Port Vita | Konohana | ¥35.00bn | — | 2018 · 8 yrs | REIT-IR ↗ |
| 2024.12 | APA Hotel <Namba Minami Daikokucho Ekimae> | Naniwa | ¥1.58bn | 4.10% | 2018 · 7 yrs | REIT-IR ↗ |
| 2024.11 | Nest Hotel Osaka Shinsaibashi | Chuo | ¥7.60bn | 4.30% | 1984 · 42 yrs | REIT-IR ↗ |
| 2024.10 | Hotel and Rooms Shin Osaka | Yodogawa | ¥4.23bn | 4.10% | 2018 · 8 yrs | REIT-IR ↗ |
Periodic appraisals (current valuations)
Each property’s latest period-end appraisal. Aligned in time, so current levels can be compared
Periodic appraisals (period-end valuations)
Osaka · Hotel: 21 properties · period ends 2025/12–2026/07 · median 4.20% (3.8%–4.7%)
Number of properties per 0.1% cap rate band. The dark bar is the band containing the median.
Click a heading to sort
| Source | ||||
|---|---|---|---|---|
| KOKO HOTEL Osaka ShinsaibashiStar Asia Real Estate Investment Corporation | 3.9% | ±0 | 2026/07 | Filing ↗ |
| あべのnini(ホテル)Star Asia Real Estate Investment Corporation | 4.0% | -20 | 2026/07 | Filing ↗ |
| コンフォートホテル大阪心斎橋(いちご心斎橋ビル)Ichigo Hotel REIT Investment Corporation | 4.1% | ±0 | 2026/07 | Filing ↗ |
| KOKO HOTEL 大阪なんば恵美須町Star Asia Real Estate Investment Corporation | 4.2% | ±0 | 2026/07 | Filing ↗ |
| ザ・ワンファイブ大阪堺筋Ichigo Hotel REIT Investment Corporation | 4.5% | ±0 | 2026/07 | Filing ↗ |
| ワシントンR&B ホテル梅田東Star Asia Real Estate Investment Corporation | 4.5% | ±0 | 2026/07 | Filing ↗ |
| ホテルマイステイズ新大阪コンファレンスセンターInvincible Investment Corporation | 4.5% | ±0 | 2026/06 | Filing ↗ |
| アパホテル 〈なんば北心斎橋駅前〉Japan Hotel & Residential Investment Corporation | 3.8% | – | 2026/05 | Filing ↗ |
| APA Hotel <Namba Minami Daikokucho Ekimae>Japan Hotel & Residential Investment Corporation | 4.1% | ±0 | 2026/05 | Filing ↗ |
| スマイルホテル大阪天王寺Mirai Corporation | 4.0% | – | 2026/04 | Filing ↗ |
Direct capitalization rates from each property’s latest period-end appraisal, for properties of the same use in the same city/ward (period ends within the last year; from J-REIT annual securities reports and results materials). These differ from acquisition cap rates (chart and deal list above) and compare current valuations regardless of deal timing. Values for the same property can differ by appraiser or ownership share. Reference information only, not a recommendation.
See appraisals in Osaka · Hotel as a list →
FAQ
What is the average Hotel cap rate in Osaka, Osaka?
The median cap rate across 3 J-REIT disclosed transactions in the last 12 months is 3.70% (as of November 1, 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.