Hotels & lodging investment in Osaka

New minpaku applications stopped in June 2026; existing licences stay valid and transferable, so licensed properties are gaining scarcity value. New entrants realistically go via the hotel business licence — five minutes from a station, on inbound-tourism ground.

Beyond the Hotel Business Act licence, the building must satisfy the Building Standard Act (zoning, use change, evacuation) and the Fire Service Act (auto fire alarm, exit lighting). For conversions, the use-change permit and the inspection certificate decide feasibility.

A guide of ¥1.5–2.8M per tsubo of guest room. Versus housing, five factors drive cost and schedule: plumbing/equipment density, soundproofing, evacuation routes, licensing (Hotel Business Act & fire code) and BCP.