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Investor Presentaiton

一期一会| ICHIGO July 2021 Results ✓ July 2021 Highlights July 2021 Earnings Breakdown ✓ July 2021 Operating Results Up YOY ✓ Hotel Demand Recovering ✓ Monthly Operating Results Under Covid ✓ Relatively Small Decrease in Ichigo Hotel RevPAR vs. 2019 ✓ Driving Stability via Contract Renewals and Rebranding ✓ Sponsor Support Driving Stability ✓ Covid Response ✓ Shareholder Program (1) Shareholder Hotel Discount Program ✓ Shareholder Program (2) Ichigo J.League Shareholder Program Sustainability as a Key Management Priority ✓ Sustainability Initiatives ✓ Market Environment & Forecast Assumptions ✓ January 2022 Forecast ✓ July 2022 Forecast Ichigo's Commitment to ESG ✓ Ichigo Sustainability Policy ✓ Ichigo ESG - Environmental Ichigo ESG - Social ✓ ✓ Ichigo ESG - Governance Appendices ✓ Portfolio Details ✓ Loan Details & Shareholder Composition ✓ Growth Roadmap, Sponsor, Shareholder Alignment O Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. CO 6
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