
Own a Ryokan or Hotel in Japan.
Find a ryokan or hotel to buy in Japan. Browse the listings below, then register once to view available private details across eligible properties.
Ryokan and hotels for sale now
Browse ryokan and hotel listings across Japan. Public listings show photos and figures; off-market deals show non-identifying summaries. Register your criteria and request details for a property that interests you. Private information depends on individual disclosure permissions. Financial documents require a separate NDA.
The binding price is in JPY (¥). USD figures are indicative, converted at a reference rate as of 2026-09-29, and do not guarantee any amount.
1/5- Guest rooms
- Operating status
- Vacant
- Annual revenue
- Year built
- 2022
Free request · date confirmed after coordination. Financial document availability is checked individually; separate NDA required.
1/5- Guest rooms
- Operating status
- Operating
- Annual revenue
- ¥11.5M / yr (projected)
- Year built
- 1993
Free request · date confirmed after coordination. Financial document availability is checked individually; separate NDA required.
1/5- Guest rooms
- Operating status
- Operating
- Annual revenue
- ¥11.47M / yr (projected)
- Year built
- 2023
Free request · date confirmed after coordination. Financial document availability is checked individually; separate NDA required.
1/5- Guest rooms
- Operating status
- Operating
- Annual revenue
- ¥58.05M / yr (projected)
- Year built
- 2025
Free request · date confirmed after coordination. Financial document availability is checked individually; separate NDA required.
1/11- Guest rooms
- Operating status
- Operating
- Annual revenue
- ¥23.4M / yr (projected)
- Year built
- 1993
Free request · date confirmed after coordination. Financial document availability is checked individually; separate NDA required.
1/6- Guest rooms
- 7 rooms · ≈ ¥31M per room
- Operating status
- Operating
- Annual revenue
- Year built
- 1988
Free request · date confirmed after coordination. Financial document availability is checked individually; separate NDA required.
Many deals never reach public listings.
New to buying property in Japan? Start with our buying guide
The binding price is in JPY; figures in other currencies are indicative only. Off-market listings show non-identifying summaries publicly. Request details for a specific property; any personal access link opens only information approved for you. Financial statements require a separate formal NDA. Figures do not guarantee future revenue or yield. Transaction type: Brokerage (baikai).
Hotels for sale in Japan: compare properties before a viewing
Looking for a hotel to buy? Open the hotel-only listings, then compare asking price, location, room count where confirmed, and current operating status. Check whether the proposed sale covers the land and building, the operating business, or both. A property advertised as a hotel may be operating, closed or subject to further checks.
For local purchase checks alongside the listings, compare hotels for sale in Tokyo and hotels for sale in Kyoto.
For an operating hotel, request the period and evidence behind revenue and expenses, and review lease or management arrangements. For a closed hotel, include renovation, reopening costs and time without revenue. Keep reported results separate from forecasts; missing figures need confirmation before they can support a purchase decision.
Use our hotel investment yield worksheet, hotel and ryokan due diligence checklist and financing guide for non-resident buyers before shortlisting. On a property card, ask about missing details or request a viewing. Availability and viewing dates require confirmation; financial documents require a separate NDA.
BUYER SEARCH
Buying a larger hotel or a hotel portfolio in Japan?
REYADO accepts enquiries about Japanese hotel and ryokan acquisitions, including budgets above ¥10 billion and portfolios. This is an enquiry scope, not a completed-deal record or a commitment to accept every assignment. We help clarify whether you are looking for the real estate, the operating business, or both, and confirm the search scope, specialist roles and fees before an engagement.
What to compare before choosing a property
- Budget and funding
- Acquisition budget in JPY, funds available, financing requirements and allowance for transaction costs and major works.
- Ownership and operations
- Land and building ownership, the operating company, lease or management arrangements, and what is included in the proposed transaction.
- Financial evidence
- Actual results separately from forecasts: revenue, operating costs, occupancy and planned capital expenditure. Asking prices and projected yields are not verified operating results.
- Availability and disclosure
- Seller willingness, authority to offer the property, information available for review and the scope of disclosure under NDA.
If current listings do not fit, we can discuss a targeted search. An unlisted hotel is not necessarily for sale. For a large acquisition or portfolio, we confirm whether the proposed support and specialist team fit the assignment before accepting it. Financial documents require a separate NDA; availability, financing and a completed transaction are not guaranteed.
Compare ryokan, hotels and whole-house properties
Ryokan, hotels, and whole-house properties
We focus on operating ryokan and hotels, and also assist with licensed whole-house (vacation rental) properties in resort areas. Specific off-market listings are shared during consultation.
Ryokan / Hotel (operating)
Licensed, operating hospitality businesses. We support acquisition and hotel business license succession under Japan's current rules. Terms and timing depend on the property and local authority.
Whole-house / Vacation rental
Licensed whole-house rentals suited to longer stays and families — typically in resort areas such as Hakone and Kawaguchiko. For this product line, see also our broader English hub.
Broader Japan investments →| Ryokan / Hotel | Whole-house | |
|---|---|---|
| Typical price | ¥60M+ | Lower entry point |
| Best for | Full-time hospitality operators | First-timers, families, longer stays |
| Operating days | 365 (with license) | 365 with a Ryokan license |
Operating ryokan and hotels are often in the ¥60M+ range; pricing depends on location, scale, and condition. New to this? The step-by-step guide below walks through every stage.
Mandated by owners. Open to every buyer.
In Japan, ryokan and hotel deals move through private channels — and some agents quietly hoard listings and block competing offers (kakoikomi). REYADO works differently by structure: inn owners mandate us directly to find their successor, we list openly and welcome co-brokerage, and we coordinate succession and closing in English, end-to-end.
Off-market access
Properties that may never appear on public portals, introduced when they fit your criteria.
No kakoikomi
We never hide a listing or block competing offers (kakoikomi). Listings go on the open market — and where we act for both sides, we disclose it.
Bilingual negotiation
Price, terms, and structure negotiated in Japanese, coordinated with you in English at every step.
Due diligence & risk control
Buying an operating business means inherited risk. Before you commit, we review what the asking price never shows:
- — License validity & succession conditions
- — Onsen (hot-spring) usage rights — separate from the land
- — OTA accounts & reviews — transfer is platform-dependent
- — Off-the-books debt & financial position
- — Staff, contracts & supplier obligations
- — Building, structural & regulatory exposure
Where it protects you, we structure the deal so you take on only the trade name, license, and the contracts you actually need — not the previous operator's liabilities.
Pay only for the due diligence you actually need.
Traditional M&A brokers bundle a full, fixed due-diligence package into one large fee. We work differently: REYADO scopes the diligence each deal genuinely needs — financial, labor, or tax — and assembles the right licensed specialists (CPA, labor and tax professionals) to carry it out. You pay for the checks that matter for your deal, not a one-size-fits-all package — typically less than an all-in-one M&A brokerage. REYADO coordinates; the licensed specialists perform each review.
Can foreigners buy property in Japan?
Yes — with full freehold ownership and no nationality restrictions. You can own land and buildings outright, the same ownership rights as a Japanese national, including ryokan and hotels.
Buying does not require a visa. Operating a business yourself while living in Japan requires an appropriate residence status — we can discuss both on the consultation.
From first call to handover
01
Talk to us — define your brief
Free, in English — our concierge is available 24/7, or book a 30-minute consultation. Together we pin down budget, areas and property type. Already found a property below? Skip straight to step 03.
02
Find the property — two routes
We propose matches to your brief — including off-market listings — as they appear. Or browse the live inventory yourself and enquire on anything that catches your eye.
03
View it
Open your emailed access link to review available private details. Request an on-site visit or guided video; we confirm availability and property-specific requirements. Financial statements require a separate formal NDA.
04
Close & handover
We negotiate price and terms, then coordinate licence succession, entity setup and operational handover with licensed professionals.
A licensed broker, with you from first call to closing

Yohei Miyazaki
Founder · Licensed Real Estate Transaction Specialist
Before founding REYADO, Yohei worked in web marketing at Aoba-BBT — the business school founded by management strategist Kenichi Ohmae — then spent years posted overseas, in London and Miami, with an import/trading company.
Across Japan, long-running ryokan and inns are quietly disappearing — not because they have lost their value, but because there is no one to take them over. REYADO exists to connect those inns with their next owner, widening the pool of buyers from Japan to the world.
That international background and global trading experience go into bringing the appeal of Japanese inns to buyers abroad — and guiding them, in English, through a high-value transaction with many moving parts: licensing, operations, staff succession, and the financial, labor and tax due diligence — which REYADO scopes and coordinates with licensed specialists.
No pushy sales. We start by understanding your situation and advise from your side of the table.
Referrals, buyer demand and confidentiality. We receive inquiries from both buyers and sellers, including introductions from existing clients. Individual property names, counterparties and transaction terms remain confidential. Instead, we publish anonymised purchase requirements showing stated budgets, locations and property criteria. These indicate potential matches; they are not completed transactions or proof of available funds.
View current buyer requirements (Japanese)What REYADO brings to your acquisition
- Transaction structure and market value
- REYADO combines licensed real estate brokerage with M&A support to compare asset, business and share acquisitions. We review market comparables, ownership, operating arrangements and the assets and obligations to be transferred.
- Revenue and upside scenarios
- We compare operating records with scenarios for rates, occupancy, costs and renovation investment. AirDNA informs internal analysis where short-term rental comparables are suitable; hotel projections rely primarily on property and operator records. Assumptions and investment recovery periods are made explicit; forecasts are not guarantees.
- Specialists for the questions that matter
- We can arrange lawyers, tax accountants, certified public accountants and labour and social insurance consultants as needed. They undertake their specialist assessments; REYADO coordinates scope, information and timing. Appointments and fees are agreed for each engagement.
- A plan that reaches implementation
- We help coordinate renovation and operating arrangements, due diligence and handover. Before introducing a buyer, we reconfirm current acquisition intent, funding and decision authority. The next steps, responsibilities and support scope are agreed for the property.
Who handles your transaction, and what you can review
Yohei Miyazaki, REYADO’s founder and licensed real estate transaction specialist, leads the initial scoping and coordination. For an individual hotel or a portfolio above ¥10 billion, we agree the lead role, staffing, specialist appointments, responsibilities and fees before accepting the assignment.
Company and representative profileValuation and structure
REYADOCompare market transactions, asking prices, operating records and ownership to scope an asset, business or share transaction.
Specialists and partiesTax and legal advice: tax accountant and lawyer; a real estate appraiser where required.
Materials and buyer outreach
REYADOPrepare an agreed anonymised brief in Japanese and English, compare buyer criteria and coordinate authorised outreach and responses.
Specialists and partiesThe seller approves recipients. Buyer identity, representation, funding and decision process are checked for the assignment.
Due diligence
REYADOOrganise property and operating information, the scope of review, responsibilities, deadlines and open questions.
Specialists and partiesQualified lawyers, tax accountants, CPAs, labour and social insurance consultants, and building specialists undertake their own reviews.
Contract, closing and handover
REYADOCoordinate agreed price, staff and operating handover terms and the closing schedule. A licensed transaction specialist handles real estate disclosures.
Specialists and partiesLawyers address legal questions; judicial scriveners handle registration as required. Seller and buyer decide the final terms.
Operating upside and implementation
REYADOSeparate actual results from scenarios for room rates, occupancy, costs and works; coordinate plans with operators and contractors.
Specialists and partiesEach appointed party performs its work. AirDNA supports comparable short-term-rental analysis; hotel forecasts primarily use property and operator records.
A support example: clarifying a buyer’s plans for a closed hotel
- The question
- Which closed properties could fit the buyer’s operating plan, acquisition budget and renovation allowance?
- REYADO’s work
- Separated acquisition and total-investment budgets in a buyer meeting, recorded building and documentation requirements, and compared those requirements with candidate information.
- Recorded stage
- Candidate selection and document checks. Outstanding building and equipment questions remain; this is a consultation example, not a completed acquisition.
View sample: an English teaser and operating scenario
Illustrative sample only. All figures below are invented to show the format; this is not a property offered for sale, a client engagement, an AirDNA estimate or a completed transaction.
Illustrative confidential hotel brief — SAMPLE
Regional Japan · 20 rooms · Real estate and operating business to be assessed separately.
Review items: ownership, operating records, licences, staff, major works and seller-authorised disclosure. Exact location, accounts and contracts would be reviewed only under an agreed NDA and disclosure scope.
- Base assumption
- 20 rooms × 365 days × 60% occupancy × ¥30,000 per sold room-night = ¥131.4M annual room revenue.
- Alternative assumption
- 20 rooms × 365 days × 70% occupancy × ¥30,000 = ¥153.3M. The ¥21.9M difference is revenue, not profit.
An actual comparison also needs operating costs, acquisition costs, renovation, downtime, taxes and funding costs. Assess a downside scenario as well. A change in occupancy is an assumption, not an expected result or guaranteed return.
Agree disclosure before information leaves the seller
- Public information
- Only an anonymised summary approved by the seller. If the combination of location, scale and price could identify the property, reduce detail or keep it off the public site.
- Anonymous initial approach
- Agree recipients and exclusions with the seller before testing interest without the property name, exact address or financial documents. Plan any communication involving local competitors, staff and trading partners.
- Individual disclosure after NDA
- Confirm the NDA, then agree the recipient, documents and timing with the seller before sharing details. Registration alone does not release financial documents.
For individual engagements, client names, counterparties and contract terms remain confidential. Review anonymised buyer requirements and their confirmation stage (Japanese).
“REYADO showed me a range of off-market properties and helped me find one that matched what I was looking for. They specialise in ryokan, hotels and whole-house rentals, handling both property purchases and business acquisitions for Japanese operators and overseas investors. I felt in good hands throughout the purchase and am very happy with the property I bought. I’d happily work with them again.”
— Client A, 57
An external record you can check
Rabby’s Kanagawa, summer 2026, p.11 — new-member listing (PDF, Japanese) lists REYADO and Yohei Miyazaki. This documents the association listing at publication; it is not a recommendation of our services or evidence of completed hotel transactions. The address shown is the address at publication.
Transparent on the call
Real estate brokerage follows statutory rates. Ryokan succession and business coordination involve additional fees depending on the deal. Because we scope only the due diligence your acquisition actually needs — rather than bundling a fixed, all-in M&A package — you typically pay less than a traditional M&A brokerage. We quote all expected costs upfront during your consultation — no hidden charges.
Full pricing details — fee schedule by property price band →
Context for overseas buyers
- →The Japanese yen has been weak against major currencies for an extended period — often cited as around ¥160 per US dollar — which can reduce the effective purchase cost for overseas buyers.
- →Japan received 42.7 million visitors in 2025 — an all-time high.Source: JNTO
- →Record hotel investment activity in Japan was reported at ¥1.2 trillion in 2024.Source: CBRE Japan
- →Owner succession and business transfers may create buying opportunities in regional hot-spring markets; availability varies by property.
Figures are based on third-party publications and market reports; conditions change. Not investment advice.
Frequently asked questions
Where can I find ryokan and hotels for sale in Japan, including private listings?
REYADO lists ryokan, hotels and whole-property accommodation in Japan. Browse the public listings and register your buying criteria so we can check suitable properties. Request private details for a specific property; availability and disclosure permissions are checked individually. Contact REYADO to confirm whether a property is still available and can be introduced to you.
Do I need to register again for each property?
No. Register your buying criteria once. To ask about another property, use its enquiry option or email its reference to REYADO. If you have a personal property access link, you can continue using it within its permissions; general registration does not unlock every private listing. Financial documents remain subject to availability and a separate NDA.
What if financial information is missing, or I want to arrange a viewing?
Click ASK to tell REYADO what you need to know. We will check with the listing agent and reply when the information is available. A preferred viewing date is a request, not a confirmed appointment. Authentication and receipt emails are sent immediately; other emails are sent daily between 09:00 and 17:00 Japan time. Questions received outside those hours enter processing from 09:00 the next day.
Can REYADO help me find a hotel above ¥1 billion or ¥2 billion that is not currently listed?
Yes. Register your budget, preferred areas and property type. REYADO will confirm your requirements and the scope of the search with you. We can look for private opportunities through our broker and owner network and approach owners of suitable properties individually. A property does not have to be on our website to be considered, but an unlisted property is not necessarily for sale. Introductions depend on availability and the seller’s willingness to discuss a transaction.
Can I own the property outright as a foreigner?
Yes. Japan places no nationality or residency restrictions on real estate ownership. Foreign buyers can hold full freehold title to land and buildings — the same rights as a Japanese national — and no licence is required simply to own.
How much does it cost to buy a ryokan or hotel in Japan?
Our main focus is buyers with total investment budgets of ¥100M and above, including the purchase price, renovation and acquisition costs. Budgets of ¥60M–¥100M can also suit smaller properties or projects needing less renovation. These are buyer budget guidelines, not minimum property prices: we consider lower-priced properties when they fit your requirements. We confirm the costs and feasibility of each opportunity before you make a decision.
Do I need a visa to buy?
No visa is required to purchase or own property in Japan. If you intend to live in Japan and run the business yourself, you'll need an appropriate residence status — typically the Business Manager visa. We can outline the usual paths during the consultation.
Is bank financing available for foreign buyers?
Financing from Japanese banks is generally difficult for non-resident and non-permanent-resident buyers, so many of our clients purchase with their own funds. Some overseas banks in Singapore, Hong Kong or Taiwan lend on Japanese property for their own residents, and a Japanese company (GK/KK) can sometimes access domestic business financing. We'll discuss your situation honestly on the call.
What taxes apply when buying, holding or selling a ryokan?
Japan charges a statutory 4% real-estate acquisition tax before any reductions, plus annual fixed-asset and city-planning taxes (around 1.4% and up to 0.3%, depending on the municipality). Capital gains on resale are currently around 39.63% if the property is held five years or less and around 20.315% for longer holds. Non-residents may also face Japanese withholding on rental income and, in some cases, on sale proceeds. We confirm your specific position with licensed tax professionals.
What ownership structure should a foreign buyer use — direct, a Japanese company, or GK-TK?
For a single ryokan, hotel or whole-building villa, foreign buyers typically use either direct personal ownership or a Japanese company (GK or KK) — the latter can help with financing and with holding the hotel licence. Larger or fund-style acquisitions use GK-TK or TMK structures. The right choice depends on tax, financing and licence succession, which we map together with your advisors.
Can the ryokan or hotel licence transfer to me when I buy?
It depends on the deal structure. In a simple asset purchase, the ryokan/hotel licence does not pass automatically — the buyer must obtain a new permit, unless a statutory business-transfer procedure is used. Since the 2023 amendment to the Ryokan Business Act, the licence can in some cases be transferred to the buyer through a pre-approved business transfer. In a share purchase, the operating company keeps its licence, staff and contracts — which is why international buyers often prefer share deals. We design each transaction around the licence handover and timing with local counsel.
Do you handle paperwork for overseas buyers?
Yes. We coordinate the steps overseas buyers often need help with — foreign-exchange reporting guidance, tax-representative arrangements, domestic contact registration, and hotel-business licence succession — working with licensed professionals where required. Requirements depend on your residency, the property, and the transaction structure.
Do non-resident buyers have to report the purchase or disclose nationality?
As of 2026, certain acquisitions of Japanese real estate by non-residents may trigger reporting obligations under Japan's foreign-exchange regulations — typically a post-acquisition report — and a buyer's nationality or residency status may need to be recorded in the property-registration documents. The exact scope depends on your residency and the transaction, so we check this case by case with licensed legal counsel.
How is REYADO different from a traditional M&A broker?
A traditional M&A broker typically sells one bundled, fixed-fee package covering a full due-diligence scope. REYADO is a licensed real-estate broker that unbundles this: we scope the financial, labor and tax due diligence your specific deal needs, assemble the licensed specialists who carry it out, and coordinate the transaction — so you optimise and pay only for the diligence required. The specialists perform the reviews; REYADO scopes and coordinates.
What types of properties do you handle — onsen ryokan, city hotels, or machiya?
We focus on three segments for foreign buyers: traditional onsen ryokan and resort inns (Hakone, Izu, Kyoto and the Mt. Fuji area); operating city and business hotels in Tokyo, Osaka and other urban centres, bought mainly for income; and Kyoto machiya and whole-building villas. Some of these are off-market and shared privately after an initial conversation. Tell us which segment fits your plan and we will send matching options.
Where can I read the full steps for licence succession and the FEFTA report?
We have two detailed English guides. A step-by-step buyer’s checklist covers inn-business (ryokan-gyo) licence succession and the post-closing Foreign Exchange Act (FEFTA) acquisition report — including the joint-approval sequence, who files the FEFTA report and by when, and a working cost breakdown — and a broader overview of how a foreigner buys a ryokan or small hotel in Japan. Prefer to talk it through? We can also walk you through these steps directly on a call. Every figure and deadline should be confirmed with qualified professionals before acting.
Own a piece of Japan.
Register your budget, preferred areas and operating plan so we can assess potential matches. Availability and disclosure permission vary by property. Prefer to discuss your search first? Book a free initial call.