[Maximizing Profits Through Whole Building Redevelopment] 'illi Stays' with an Average Annual Occupancy Rate Exceeding 90% Reimagines an Old Office Building into a Boutique Hotel. 'illi Haku Asakusa' to Open in March 2026.

Frequently Asked Questions

Q: What is the main strategy BARE NOTE STUDIO Co., Ltd. is employing with their 'illi Stays' brand?

A: BARE NOTE STUDIO Co., Ltd. is maximizing profits by redeveloping old office buildings into boutique hotels under their 'illi Stays' brand, focusing on whole building redevelopment.

Q: What is the projected opening date for the new 'illi Haku Asakusa' property?

A: The new 'illi Haku Asakusa' property, which will be the first entirely renovated whole building property for the 'illi Stays' brand, is scheduled to open in March 2026.

Q: What kind of operational performance does the 'illi Stays' brand currently exhibit?

A: The 'illi Stays' brand boasts a high operational performance with an average annual occupancy rate exceeding 90% and an average stay of over 3 days across all its properties.

Q: How does 'illi Haku Asakusa' differ from the conventional 'illi Stays' operational model?

A: 'illi Haku Asakusa' will establish a manned system for the entire building, including a 24-hour front desk and lounge, moving beyond the conventional unmanned, floor-by-floor operation model.

Q: What is the overarching goal of BARE NOTE STUDIO's redevelopment projects for aging buildings?

A: The overarching goal is to regenerate aging buildings with declining liquidity into highly profitable accommodation assets, establishing a stable value-up model not dependent on surrounding office rental market rates.