Investor Presentaiton

一期一会| ICHIGO - - Hakata Hotels & PROPERA Hakata Hotels, a consolidated subsidiary of Ichigo, is a hotel operator operating 12 hotels across Japan with many located in the Hakata (Fukuoka) area Hakata Hotels is deploying PROPERA, an Al-based revenue management system developed by Ichigo, to maximize earnings and increase guest satisfaction. Name Address Representatives Paid-In Capital Establishment Date Main Business Operating Hotels (Number of rooms in parentheses) Hakata Hotels Inc. 3-13-1 Haruyoshi, Chuo-ku, Fukuoka Minoru Ishihara, Representative Director & Chairman Takanobu Kitazaki, Representative Director & President JPY 10 million (100% shareholding by Centro Co. Ltd., a 100% Ichigo subsidiary) March 2019 • Development, operation, lease, and management of retail buildings, hotels and restaurants •Lease and management of real estate • Design and construction of buildings and interior designs ⚫Consulting services related to retail buildings, retail facilities, and restaurants Tokyo: HOTEL EMIT SHIBUYA (72), MusBee Tokyo Hamamatsucho (29) Kyoto: The OneFive Kyoto Shijo (146) Osaka: The OneFive Osaka Sakaisuji (130) Okayama: The OneFive Okayama (208) Fukuoka: The OneFive Villa Fukuoka (50), Plaza Hotel Tenjin (205), Plaza Hotel Premiere (170), Hotel Il Palazzo (62), The OneFive Marine Fukuoka (103), The OneFive Terrace Fukuoka (82), The OneFive Fukuoka Tenjin (77) PROPERA Al-based revenue management system developed by Ichigo . • Increases guest satisfaction • Operating track record of increasing earnings by 10-40% • Starting third-party sales. Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. HAKATA HOTELS 56

View entire presentation