Bay Hotel Iwanai: A Large-Scale Hospitality Asset in Coastal Hokkaido
Bay Hotel Iwanai is a substantial hotel property situated in Iwanai-cho, Hokkaido, offering a rare opportunity for investors in the hospitality sector. The property consists of a 4-story main building with 46 guest rooms and a separate 2-story annex building with 19 rooms, bringing the total to 65 guest rooms. The combined floor area of the buildings is 1,695.30 square meters, set upon a total land area of 1,971.09 square meters that includes a dedicated parking lot.
The main building is located at 2-1 and 2-2 Bandai, Iwanai-cho, with a land area of 715.3 square meters and a total floor area of 1,284.07 square meters. The annex is situated at 29-17 and 29-18 Bandai, featuring a land area of 269.35 square meters and a floor area of 411.23 square meters. The parking lot, at 1-4 Bandai, occupies 986.44 square meters. The main building was constructed in 1982. Both buildings have a floor area ratio of 400% and a building cover ratio of 80%. Water supply and sewer service are available at the street.
A steady revenue base is supported by construction contractors, which helps ensure high occupancy rates on weekdays. The property is located approximately 5.1 kilometers from the Iwanai Ski Resort, about 10 minutes by car, and about 2.5 kilometers from Iwanai Marine Beach, around 5 minutes by car. The Niseko Grand Hirafu Ski Resort is roughly 34.4 kilometers away, approximately 46 minutes by car, placing the hotel within reach of one of Japan's premier ski destinations. The property is offered at a negotiable price.
