We examine the thermodynamic stability and guest distribution of CH4/N2/CO2 mixed hydrates. Phase equilibria of the CH4/N2/CO2 mixed hydrates were measured to determine the thermodynamic stability. The N2/CO2 ratio of the hydrate phase is almost constant despite the enrichment of CO2 in the hydrate phase. 13C NMR results indicate the preferential occupation of N2 and CO2 in the small and large cages of sI hydrates, respectively.