Activia Properties To Acquire Hotel Along Kyoto’s Shijo-dori Avenue for JPY 11.5 Billion

Activia Properties Inc., a Tokyu Fudosan Holdings-affiliated REIT, will acquire A-FLAG Kyoto Shijo, formerly Ibis Styles Kyoto Shijo, a hotel in Shimogyo Ward, Kyoto City, on Sept. 24, 2026. The agreement was signed June 24, and the planned acquisition price is JPY 11.5 billion. The seller was not disclosed, but as of June 24, the registered beneficiary was JCH One TMK, a specified purpose company located within an accounting firm in Chiyoda Ward, Tokyo.

The property has 10 floors above ground and consists of 282 rooms, primarily double and twin rooms. It is located along Shijo-dori Avenue, a four-minute walk from Shijo Station on the Kyoto Municipal Subway Karasuma Line and Karasuma Station on the Hankyu Kyoto Line. The location offers strong access to major tourist destinations in the city, while the surrounding area has a concentration of retail facilities and restaurants, supporting both leisure and business lodging demand. Hotel rent will be structured to be linked to GOP, or gross operating profit, making the asset positioned to capture demand growth during the recovery in inbound travel.

The REIT announced in January 2026 that it would sell Kobe Kyukyoryuchi 25 Bankan, a mixed-use property in Chuo Ward, Kobe City, and this acquisition is part of an asset-replacement strategy together with that sale.（see related article:J. Front City Development to Acquire Kobe Kyoryuchi No. 25 Building from Activia Properties） More recently, the REIT acquired Nest Hotel Naha Kumoji, a hotel in Naha City, Okinawa Prefecture, for approximately JPY 5.5 billion, as it continues to expand its hotel portfolio.（see related article:Activia Properties To Acquire Hotel in Naha’s Kumoji District） After this acquisition, the REIT’s portfolio will total 47 properties, with total acquisition or planned acquisition prices of JPY 553.6 billion.

Key Facts

• Property Name: A-FLAG Kyoto Shijo, formerly Ibis Styles Kyoto Shijo
• Buyer: Activia Properties Inc.
• Seller: Undisclosed, with the currently registered beneficiary shown in the registry as JCH One TMK
• Asset Acquired: Real estate trust beneficiary interest
• Planned Acquisition Price: JPY 11.5 billion
• Appraised Value: JPY 11.7 billion, as of May 31, 2026, by the Japan Real Estate Institute
• Location: 8 Kyooyamacho, Shijo-dori Nishinotoin-higashiiru, Shimogyo Ward, Kyoto City, Kyoto Prefecture
• Nearest Stations: Four-minute walk from Shijo Station on the Kyoto Municipal Subway Karasuma Line / four-minute walk from Karasuma Station on the Hankyu Kyoto Line
• Planned Acquisition Date: Sept. 24, 2026
• Completion: July 2014
• Number of Floors: 10F / B1, steel and reinforced concrete structure
• Area: Site area of approximately 277 tsubo (approx. 9,900 sq. ft.) / Gross Floor Area of approximately 1,873 tsubo (approx. 66,600 sq. ft.)
• Number of Guest Rooms: 282
• Number of Tenants: 2
• Occupancy: 100%