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Investor Presentaiton

C-1 Tokyo Hotel Map Kanto/Koshinetsu C-3 C-4 B-1 Hokkaido Hokuriku/Tokai B-2 A-1 • A-2 A-3 D-1 D-2 D-3 D-4 Smile Hotel Tokyo Asagaya Hotel Livemax Nihombashi- Hakozaki HOTEL EMIT SHIBUYA Capsule Plus Comfort Hotel Yokohama Nagano Nest Hotel Nest Hotel Sapporo Ekimae Sapporo Odori Comfort Hotel Kushiro Comfort Hotel Hamamatsu Hotel Wing International Nagoya Kinki (Kyoto/Osaka/Kobe) E-1 E-3 Chugoku/Shikoku F-1 Kyushu F-2 F-3 G-1 G-3 Comfort Hotel Central International Airport Comfort Hotel Suzuka ► Sapporo A-1 A-2 » Kushiro A-3 Variable Rent Fixed Rent Smile Hotel Kyoto Shijo The OneFive Osaka Sakaisuji The OneFive Okayama Nest Hotel Matsuyama Urbain Hiroshima Executive The OneFive Fukuoka Tenjin Nest Hotel Kumamoto E-4 E-5 F-4 F-5 F-6 Hotel Wing International Kobe Shin Nagata Ekimae Nest Hotel Osaka Shinsaibashi B-3 一期一会| ICHIGO Hotel Sunshine Utsunomiya January 2023 Hotel Acquisition (Scheduled) The OneFive Garden Kurashiki ►Nagano B-2 ►Nagoya D-2 ▸ Kyoto E-1 ►Osaka E-3 E-5 ►Kurashiki F-4 Valie Hotel Hiroshima Washington Hotel Plaza Shimonoseki Eki Nishi ► Shimonoseki F-6 ► Fukuoka Matsuyama G-1 F-2 Kumamoto 24 Hotels JPY 52.5B Tokyo C-1 C-3 C-4 Yokohama B-1 Hamamatsu D-1 Aichi D-3 ►Suzuka D-4 ▸ Kobe E-4 Okayama F-1 Hiroshima F-3 F-5 O Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. (July 2022 rent-basis) 33
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