Hotels for sale in Japan, listed and off-market

What to check before a hotel viewing in Japan

Ownership and operation

Confirm whether the sale covers the land and building, the operating company, or both, and which leases or management contracts continue after closing.

Permit succession

Identify who holds the hotel-business permit and whether it can pass to you through an approved business transfer or needs a new application. The local public-health authority decides the procedure.

Financial evidence

Request actual monthly room revenue, occupancy and operating costs for at least a full year, separate from any forecast. Asking prices and projected yields are not verified results.

Works and opening cash

Keep acquisition costs, renovation, fire-safety upgrades and working capital separate from the purchase price. Financing for non-resident buyers depends on lender criteria; plan around funds already secured.

• Hotel due diligence checklist
• Financing considerations for overseas buyers
• Assess hotel investment yields

Hotels for sale in Japan: questions buyers ask

What kinds of hotels are for sale in Japan on REYADO?

City and business hotels in Tokyo, Kyoto and other cities; resort and onsen hotels in areas such as Hakone, the Fuji Five Lakes, Hokkaido and Okinawa; and smaller hotels that may suit conversion. Public listings show photos and figures. Off-market hotels show a non-identifying summary with a price band until the seller permits disclosure.

Can a foreign company or individual buy a hotel in Japan?

Yes. Japan places no nationality or residency restrictions on owning land and buildings, so a foreign buyer can hold freehold title to a hotel. Operating it requires a hotel-business permit under the Hotel Business Act, which is a separate step from ownership.

Does the hotel licence transfer with the building?

Not automatically. In an asset purchase the buyer usually needs a new permit, unless the statutory business-transfer procedure is approved before the handover. In a share purchase the operating company keeps its permit, staff and contracts. We confirm the route for each hotel with the local authority and licensed professionals before the timetable is fixed.

How do I get the full details of an anonymous hotel listing?

Open the listing and request details. We confirm with the seller or listing broker what can be shared, then send the approved information to you. Financial documents need an NDA only where the seller requires one. Availability and viewing dates are confirmed individually.

What does it cost to buy a hotel through REYADO?

Our brokerage fee is due only at closing; there is no retainer or monthly charge. The rates are shown on our pricing page. Transaction costs such as acquisition tax, registration and professional fees are separate.