Taito, Tokyo — Hotel Cap Rates & Price per Sqm
9 transactions from J-REIT timely disclosures｜Last updated: November 1, 2026 (refreshed weekly)
Transactions
9
Median deal cap rate (all time)
3.70%
Deal cap rate range (last 3 years)
3.50–4.10%
Avg. price (all time)
¥8.47bn
Properties appraised
11
Median appraisal cap rate
3.90%
Appraisal cap rate range
3.3–4.3%
Period ends
2025/12–2026/07
Cap rates at transaction
From acquisition/disposition notices, as of each deal (dates vary by deal)
2 transactions were disclosed in the last 12 months. The all-time median cap rate across 8 deals is 3.70%.
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.
All transactions (9)
| Source | |||||
|---|---|---|---|---|---|
| 2026.06 | GRIDS Tokyo Ueno Ekimae Hotel + Hostel | ¥3.25bn | 3.70% | — | REIT-IR ↗ |
| 2025.12 | Hotel Gracery Asakusa | ¥6.70bn | 3.60% | 2018 · 8 yrs | REIT-IR ↗ |
| 2025.09 | Asakusa View Hotel | ¥38.00bn | 3.70% | 1985 · 41 yrs | REIT-IR ↗ |
| 2024.12 | APA Hotel <Asakusabashi Ekimae> | ¥4.16bn | 3.60% | 2010 · 16 yrs | REIT-IR ↗ |
| 2024.08 | KOKO HOTEL Residence Asakusa Kappabashi | ¥4.30bn | 4.10% | 2020 · 5 yrs | REIT-IR ↗ |
| 2024.08 | KOKO HOTEL Residence Asakusa Taharacho | ¥5.90bn | 4.10% | 2021 · 4 yrs | REIT-IR ↗ |
| 2024.04 | MIMARU SUITES Tokyo Asakusa | ¥2.36bn | — | 2022 · 4 yrs | REIT-IR ↗ |
| 2023.12 | Hulic Kaminarimon Building | ¥5.90bn | 3.50% | 2012 · 14 yrs | REIT-IR ↗ |
| 2023.06 | The B Asakusa | ¥5.63bn | 4.30% | 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)
Taito · Hotel: 11 properties · period ends 2025/12–2026/07 · median 3.90% (3.3%–4.3%)
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 Residence Asakusa KappabashiStar Asia Real Estate Investment Corporation | 3.9% | ±0 | 2026/07 | Filing ↗ |
| KOKO HOTEL Residence Asakusa TaharachoStar Asia Real Estate Investment Corporation | 3.9% | ±0 | 2026/07 | Filing ↗ |
| アパホテル 〈浅草橋駅前〉Japan Hotel & Residential Investment Corporation | 3.6% | ±0 | 2026/05 | Filing ↗ |
| KOKO HOTEL 上野駅前Mirai Corporation | 3.5% | – | 2026/04 | Filing ↗ |
| the b 浅草Hoshino Resorts REIT Investment Corporation | 3.9% | ±0 | 2026/04 | Filing ↗ |
| Hulic Kaminarimon BuildingHulic Reit, Inc. | 3.3% | – | 2026/02 | Filing ↗ |
| Asakusa View HotelHulic Reit, Inc. | 3.7% | – | 2026/02 | Filing ↗ |
| MIMARU SUITES Tokyo AsakusaNomura Real Estate Master Fund, Inc. | 4.3% | ±0 | 2026/02 | Filing ↗ |
| ドーミーインEXPRESS浅草Japan Hotel REIT Investment Corporation | 3.8% | ±0 | 2025/12 | Filing ↗ |
| カンデオホテルズ上野公園Japan Hotel REIT Investment Corporation | 3.9% | ±0 | 2025/12 | 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 Taito · Hotel as a list →
FAQ
What is the average Hotel cap rate in Taito, Tokyo?
The median cap rate across 8 J-REIT disclosed transactions (all time) 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.