Full renovation work of Hilton Tokyo Odaiba is scheduled from February 2026 to December 2027. Renovation cost is 10.8 billion yen, funded through new borrowing, aiming for a significant increase in ADR.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"8985","jir_company_name":"Japan Hotel REIT Investment Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-01-22","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/8985-20260122-02.pdf","jir_short_summary":"Full renovation work of Hilton Tokyo Odaiba is scheduled from February 2026 to December 2027. Renovation cost is 10.8 billion yen, funded through new borrowing, aiming for a significant increase in ADR.","jir_summary":"### Overview of Renovation Work\nJapan Hotel REIT Investment Corporation has decided to conduct full renovation work for its asset, Hilton Tokyo Odaiba, from February 2026 to December 2027. The total renovation cost is 10.8 billion yen (CAPEX I: 5.7 billion yen, CAPEX III: 5.1 billion yen), mostly to be financed through new borrowing. The renovation aims to transform the facility into a high-quality property comparable to luxury hotels in the city center, targeting a significant increase in ADR (average daily rate).\n\n### Effects of Renovation and Fundraising\nPost-renovation NOI is expected to be approximately 4.4 billion yen (NOI yield of 6.1%), a substantial increase from about 2.9 billion yen (NOI yield of 4.7%) before renovation. The anticipated Net Income increase is estimated at around 480 million yen. Financing will mainly be through new borrowing, with about 6.0 billion yen of the 6.4 billion yen renovation cost in the fiscal year ending December 2026 expected to be procured by loans. The estimated post-borrowing market LTV is approximately 37%.","jir_financial_highlights":"Planned Renovation Cost: 10.8 billion yen (Unknown)\nPlanned Renovation Period: February 2026 \u2013 December 2027 (Unknown)\nExpected Net Income Increase: +480 million yen (Unknown)\nNOI (Forecast for Fiscal Year Ending December 2025): Approximately 2.9 billion yen (Expected to increase to about 4.4 billion yen after renovation)\nNOI Yield (Forecast for Fiscal Year Ending December 2025): 4.7% (Expected to rise to 6.1% after renovation)","jir_category":"","jir_hashtags":"#JapanHotelREITInvestmentCorporation, #business_update, #hotelREIT, #renovation","jir_key_figures":"Total Renovation Cost: 10.8 billion yen (CAPEX I: 5.7 billion yen, CAPEX III: 5.1 billion yen)\nRenovation Period: February 2026 \u2013 December 2027\nExpected Net Income Increase: +480 million yen","jir_meta_title":"Japan Hotel REIT to Renovate Hilton Tokyo Odaiba for 10.8 Billion Yen Aiming for Significant ADR Increase","jir_meta_description":"Japan Hotel REIT Investment Corporation plans full renovation of Hilton Tokyo Odaiba starting February 2026. Renovation cost is 10.8 billion yen, expecting 480 million yen increase in Net Income. Funding to be secured through new borrowing.","jir_og_title":"Japan Hotel REIT Announces Renovation of Hilton Tokyo Odaiba","jir_og_description":"Transforming Hilton Tokyo Odaiba into a luxury hotel with renovation cost of 10.8 billion yen. Aiming for a significant ADR increase and revenue maximization.","jir_og_image_url":"\/assets\/og\/company-business_update.jpg","jir_chart_data_collection":"[]","ir_related_company":7952,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-20411","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n