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Investor Presentaiton

一期一会| ICHIGO External Growth Strengthened Portfolio via Hotel Acquisition (1) Comfort Hotel Nagano (Acquisition Price JPY 670M, Acquired on May 31, 2022) • • A lodging-focused hotel located in Nagano City, one of the major cities in the Kanto Koshinetsu Area Acquired using proceeds from a Jan 2020 hotel sale & cash-on-hand • Pre-Covid level occupancy & ADR contributing to portfolio earnings stability • Hotel operator change scheduled upon current contract-end in Dec 2022 to drive increased income 11 Former Hokkoku Kaido Highway Nagano Dentetsu Railway 34 Comfort Hotel Nagano Tokyu Department Store Nagano Odori ㅁㅁ JR Shinetsu Line Nagano Station O Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. Shinano Railway JR Hokuriku Shinkansen 34 15
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