XYMAX REIT Investment Corporation

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HT-01Hotel Vista Sendai

  • Hotel
  • Cabinet order designated cities
  • Hotel Vista Sendai1
  • Hotel Vista Sendai2
  • Hotel Vista Sendai3
  • Hotel Vista Sendai4
  • Hotel Vista Sendai5
Acquisition price  4,400 million yen
Appraisal value  5,570 million yen
Asset type  Hotel
Structure/Number of Floors  Steel-construction with flat roof 12F
Location  1-7-3 Tsutsujigaoka, Miyagino-ku, Sendai-shi, Miyagi
Land area (Note) 1,461.36 
Total floor area  6,977.47 
Completion date  March 14, 2016
●An area of 524.21 ㎡ in land area falls under surface right

Property Features

The property is close to JR Sendai Station and Miyagino-dori Station on the Sendai Municipal Subway Tozai Line and secures high convenience. In addition, Sendai International Airport is being used as a base by LCCs (Note) following the privatization of the airport, and demand for various events including academic conferences as well as demand from foreigners visiting Japan is visible. The number of foreign overnight visitors is on an increasing trend throughout all of Sendai City based on most recent figures, and XYMAX REIT believes that the area holds potential to see expansion in demand along with effects of enlivening facilities due to the privatization of the Sendai International Airport.
(Note) LCC is an abbreviation of Low Cost Carrier and refers to an airline company that provides flight services at low fares through efficient operations.

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