MIRAI To Acquire Hotel in Kumagaya
MIRAI Corp. will acquire Smile Hotel Kumagaya, a hotel in Kumagaya City, Saitama Prefecture, on June 23, 2026. The planned acquisition price is JPY 1.198 billion. The agreement was signed June 17, 2026, and the seller was not disclosed.
The property is a 10-story hotel completed in 1985, with 138 guest rooms. It is located along National Route 17, a seven-minute walk from Kumagaya Station on the JR Takasaki Line, Joetsu Shinkansen and Chichibu Railway. The surrounding area has a concentration of industrial parks, and Kumagaya Sports and Culture Park, which includes Kumagaya Rugby Stadium, is located about 4 kilometers away. The property is expected to capture business demand related to nearby factories on weekdays and lodging demand related to sporting events on days before holidays.
The investment corporation announced in May 2026 that it would sell THINGS Aoyama, and this acquisition is part of its asset-replacement strategy. The property’s appraised NOI yield based on the planned acquisition price is 5.4%, higher than that of the asset being sold, and the investment corporation determined that the acquisition would contribute to improving the earnings power of its overall portfolio. Rent is structured as fixed rent under a 20-year fixed-term building lease agreement, providing stability, while rent review provisions are included every five years. In its Medium-Term Management Plan 2028, announced in June 2025, the investment corporation identified limited-service hotels with stable business demand as investment targets, and this acquisition aligns with that strategy.
Key Facts
- Property Name: Smile Hotel Kumagaya
- Buyer: MIRAI Corp.
- Seller: Not disclosed
- Location: 1-138 Tsukuba, Kumagaya City, Saitama Prefecture
- Nearest Station: Seven-minute walk from Kumagaya Station on the JR Takasaki Line, Joetsu Shinkansen and Chichibu Railway
- Planned Acquisition Price: JPY 1.198 billion
- Appraised Value: JPY 1.44 billion as of May 31, 2026, by Japan Valuers
- Appraised NOI Yield: 5.4%
- Agreement Date: June 17, 2026
- Scheduled Acquisition Date: June 23, 2026
- Completion: June 1985
- Number of Floors: 10F / B1, steel-framed reinforced concrete construction
- Area: Site Area: approximately 213 tsubo (approx. 7,600 sq. ft.); Gross Floor Area: approximately 1,219 tsubo (approx. 43,400 sq. ft.)
- Guest Rooms: 138 rooms, including 92 single rooms, 28 double rooms and 18 twin rooms
- Major Tenant: Hospitality Operations Inc.
- Occupancy: 100.0%