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Gora Tensui (Designer Ryokan) 
Gora, Hakone
Gora, KN 2500408
JP
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(646) 257 5933 |
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EastEdge Partners
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| Property Use Type: | Investment |
| Type: | Hotel & Motel
Full Service |
| No. Rooms: | 18 |
| Building Size: | 29,149 SF |
| 29,149 SF |
| Lot Size: | 1,320 SQM |
| 14,203 SF |
| Price: | ¥925,425,000 JPY |
| $9,000,000 USD |
| Price/Room: | $500,000.00 |
| Cap Rate: | 8.00% |
| Year Built: | 2005 |
| Date Last Verified: | 5/8/2008 |
| Property ID: | 15615282 |
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Property Description:
GORA TENSUI is a designer ryokan in the heart of Hakone, featuring spectacular mountain views from each of the 18 suites, the natural hot spring spas, and footspa bar in the lobby area. The ryokan is located just one minute walk from Gora station and as such can be reached from most places in Tokyo by rail only within about 2 hrs.
http://www.gora-tensui.com/
CAUTIONARY NOTE: NOT TO BE CONFUSED WITH #1 RANKED GORA-KADAN, which is located just a few minutes away. http://www.gorakadan.com/
Location Description:
Hakone is the most visited mountain destination in the Greater Tokyo area, with easy access by rail and car in less than 2 hours. During recent years, the area has undergone a renaissance with boutique hotels of modern japanese architecture sprouting and gaining popularity among the affluent younger generation and design-driven crowd.
Recent WSJ Article on Hakone:
http://online.wsj.com/article/SB119282669315565174.html?mod=weekend_journal_primary_hs
Other Links Regarding Hakone:
http://del.icio.us/tag/hakone
CONTACT INFO FOR EASTEDGE PARTNERS, please contact Jason Holt at:
IN THE USA: 1 (646) 257 5933
IN JAPAN: (090) 6176 5005
OUT OF USA or JAPAN +81 90 6176 5005
Email: jason@eastedgepartners.com
| No. Stories: | 4 | Commission Split: | 1% |
| Parking Ratio: | 35 / 1,000 SF | Corridor: | Yes |
| Average Daily Rate: | $867 |
| RevPAR: | $390 |
| Average Occupancy: | 45% |
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| • | Boutique Designer Ryokan in Hakone | • | Easy access from Tokyo by rail, next to Gora Stn |
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| • | All 18 rooms redesigned in modern Japanese ryokan style | • | All rooms have spectacular mountain view, most have in-room open-air bath |
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| • | Unique footspa bar in the entrance lounge area, natural hot spring spas | • | Renowned chef provides superb Japanese cuisine |
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Financial Summary
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Proforma
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| Year: | 2008 |
| Scheduled Gross Income: | $3,792,292 |
| Effective Gross Income: | $3,033,023 |
| Operating Expenses: | $2,200,072 |
| Net Operating Income: | $832,951 |
| Pre-Tax Cash Flow: | $767,951 |
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No Room Mix Information Provided
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| Debt & Equity Information |
| Debt Type: | Proposed |
| Loan Amount: | $5,400,000 |
| Interest Rate: | 3.00% |
| Amortized Over: | 15 |
| Due In: | 15 |
| Down Payment: | $3,600,000 |
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3/17/2008
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| The information above has been
obtained from sources believed reliable. While we do not doubt its accuracy we
have not verified it and make no guarantee, warranty or representation about
it. It is your responsibility to independently confirm its accuracy and
completeness. Any projections, opinions, assumptions, or estimates used are for
example only and do not represent the current or future performance of the
property. The value of this transaction to you depends on tax and other factors
which should be evaluated by your tax, financial, and legal advisors. You and
your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for
your needs.
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