R corporation Co., Ltd started to run 「Hostel-Inn Tokyo Ryogoku」 from April 1st, 2018.
「Hostel-Inn Tokyo Ryogoku」, located in a 10-minute walking distance from Toei-Oedo line, Ryogoku and Kuramae stations, will be run based on “revitalization” which is our corporate philosophy considering an ecological and society-friendly world.
We renovated an old apartment property as common lodging houses.
The company acquires apartment blocks and converts vacant rooms into accommodation for short-term rent on a monthly basis, leading to an increase of profitability.
These apartments will be converted into hotels in the future and funds will be set up.
By using our group’s collective strengths, this was the case of an office building in Kita Umeda, Osaka which was transformed into a business hotel.
The number of foreign visitors to Japan is increasing thanks to upcoming Tokyo Olympics to be held in 2020.
This has resulted in the serious shortage of accommodation facilities in Tokyo.
The company is currently planning a business where affordable accommodation facilities may be provided to these foreign and domestic visitors.
(1) The company acquires apartment blocks, (2) divides the ownership into units, (3) creates condominium association, (4) remodels after tenants vacate their units, and (5) sells the divisions.
The company has a track record in purchasing 20 apartment buildings with 400 occupied units from a leading apartment developer.
Our management team has experience in contracting with three J-REITs and developed property management business.
Past projects are wide ranging—they are related to residences, offices, hotels, commercial buildings, and warehouses. Investors included both overseas and domestic institutional investors, financial institutions in the US, Middle East, and Asia.
R Corporation Co., Ltd., in collaboration with World Appraisal Japan is planning to set up a real estate investment fund for the purpose of our property management business development.
Established: April 12, 2016
Paid-in-capital: 100,000 yen
Representative Director: Makoto Yamamoto
Tokyo Head Office: 12F NOA Building, 3-5 Azabudai 2-chome, Minato-ku, Tokyo, 106-0041 Japan