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Investor Presentaiton

Covid Response Safety Measures and Services for Guests - - - Hand sanitizers, periodic disinfections, and mandatory mask-wearing for employees Confirming guest and staff health Offering remote work options Temporarily Closed Hotels during January 2021 Fiscal Period Hotel Dates Closed Chisun Inn Osaka Hommachi Grandpark-Inn Yokohama Nest Hotel Osaka Shinsaibashi April 17, 2020- June 30, 2021 November 1, 2020 - February 28, 2021 Current Status Scheduled to reopen and rebrand under new operator, Hakata Hotels Rebranded and reopened as Capsule Plus Yokohama Nest Hotel Sapporo Odori January 13, 2021 - March 31, 2021 January 17, 2021 - February 7, 2021 Scheduled to reopen Reopened Asset Management Company Safety Measures - - Remote work from March 2020 Social distancing at office via flextime and limiting office utilization to 30% 一期一会| ICHIGO O Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. 14
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