Byron Acquires Hotel Property in Central Kyoto

Byron Inc. has acquired a hotel property in Shimogyo-ku, Kyoto. The seller was Tokyo-based Green Estate Co., Ltd. The property is a 10-story steel-frame hotel completed in January 2021, with a Gross Floor Area of approx. 299 tsubo (approx. 9,900 sq. ft.). It is a 5-minute walk from Kiyomizu-Gojo Station on the Keihan Main Line, located near the intersection of Teramachi-dori and Gojo-dori.

Byron is a real estate firm focused on the development and renovation of urban commercial facilities and has recently expanded into hotel development. The company operates its own hotel brand, “TONES OSAKA,” and has accumulated operational know-how, suggesting that this acquisition aligns with its broader hotel-growth strategy. Founded 15 years ago, Byron has grown to annual revenues of JPY 5.2 billion (FY2022) and continues to pursue aggressive expansion.

Kyoto’s hotel market remains strong. According to the Kyoto City Tourism Association, the city’s hotel occupancy rate in April 2025 reached 89.5%, the highest since the pandemic. The Average Daily Rate (ADR) exceeded JPY 30,000 for the first time since the statistic began, rising to JPY 30,640. Foreign guest nights grew 18.2% year over year, surpassing 770,000, indicating strong inbound demand. The Gojo area, close to Kiyomizu-dera and Gion, is well-positioned to capture tourist demand—likely a key factor behind Byron’s investment decision.

Key Facts

• Property Name: BON Kyoto Kiyomizu

• Buyer: Byron Inc.

• Seller: Green Estate Co., Ltd.

• Transaction Price: Not disclosed

• Location: 742 Nishihashizume-cho, Shimogyo-ku, Kyoto City, Kyoto Prefecture

• Nearest Station: Kiyomizu-Gojo Station (Keihan Main Line), approx. 5 minutes on foot

• Completion: January 2021

• Number of Floors: 10F

• Gross Floor Area: approx. 299 tsubo (approx. 9,900 sq. ft.)