Nippon Accommodations Fund Inc. announces Based on the provisions for investments and policies on asset management provided in the Articles of Incorporation, the decision to acquire the following properties was made to ensure the steady growth of assets under management, and for the diversification and further enhancement of the investment portfolio.
Smile Hotel Nishi-Akashi. Name of acquired property, Smile Hotel Nishi-Akashi, Type of acquired property, Real estate and real estate leasehold rights, Appraisal company, JLL Morii Valuation & Advisory K.K., Appraised value (Note 2), JPY 994,000,000, Date of value appraisal (Note 2), July 1, 2023, Location, Residence indication, 12-5 Wasaka, Akashi-shi, Hyogo (area whose lot number and residence indication are undisclosed), Land, Building-to-land ratio (Note 3), 80%, Floor-area ratio (Note 3), 600%, Zoning, Commercial zone, Site area (Note 4), 1) 403.43 m2, 2) 41.90 m2, Ownership form, Proprietorship, Leasehold, Building, Completion date (Note 5), January 8, 2003, Structure /number of stories (Note 6), Flat-roofed steel structure /10- stories, Uses (Note 6), Hotel, Gross floor area (Note 6), 2,045.00 m2, Ownership form), Proprietorship, Number of guestrooms, 106 rooms, Rentable area, 2,045.00 m 2,045.00 m3, Existence of security interests, None, Special affairs (Note 7), The following is an overview of the land lease agreement with the individual who owns part of the property's land ("the site"): Purpose of leasehold rights: parking lot, 2) Leasehold term: August 1, 2023, to July 31, 2073, 3) Rent paid: JPY 80,000/month, 4) Security deposit: JPY 500,000, 5) Other: If the lessor attempts to transfer the site to a third party, the lessee must be notified in advance and granted first refusal right with respect to acquiring ownership of the site, Special features, The property is a 2-minute walk from Nishi-Akashi Station on the JR Kobe Line and San-yo Shinkansen Line. It therefore is highly convenient in terms of travel across a wide area, and with a number of major companies having opened plants and other facilities nearby, it is a convenient location for accommodating business demand., The guestrooms, which total 106, are mainly single rooms that focus on business demand, but since the location is about 20 minutes by train from Sannomiya Station on the JR Kobe Line, the property also captures a certain amount of tourism demand.