Investor Presentaiton

一期一会| ICHIGO External Growth Portfolio Growth Opportunity via Ichigo Sponsor Support Sponsor Owns 13 Hotels Across Japan, Mainly Lodging-Focused Hotels Sponsor-Owned Hotels By Area Kanto Koshinetsu Tokyo Chugoku/ Shikoku SERIC Area No. Of Hotels Book Value at Acquisition (JPY M) Kanto Koshienetsu 2 5,331 Tokyo 2 8,211 Yokohama Utsunomiya, Tochigi Shinjuku Hiroshima Kinki 1 5,322 Kyushu Chugoku/ 1 3,962 Shikoku Kyushu 7 23,940 Total 13 46,767 The OneFive Villa Fukuoka PLAZA HOTEL As of May 31, 2023 (excludes hotels acquired on August 25, 2023) Fukuoka Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. 25

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