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Investor Presentaiton

一期一会| ICHIGO July 2022 Results ✓ July 2022 Highlights ✓ July 2022 Earnings Breakdown ✓ YOY Increases in Revenue, RevPAR, Occupancy, & ADR ✓ RevPAR Increase YOY in All Regions. ✓ Full Recovery in Occupancy to Pre-Covid Level ✓ Ichigo Hotel Portfolio Occupancy Exceeds Market Recovery ✓ Increasing Stability via Contract Renewals & Rebranding ✓ External Growth: Strengthened Portfolio via Hotel Acquisition ✓ Shareholder Program (1) Shareholder Discount Program ✓ Shareholder Program (2) Ichigo J.League Shareholder Program Sustainability as a Key Management Priority ✓ Sustainability Initiatives. ✓ Market Environment & Forecast Assumptions ✓ January 2023 Forecast July 2023 Forecast Ichigo's Commitment to ESG ✓ Climate Positive: CO2 Reduction > Emissions ✓ Ichigo Sustainability Policy ✓ RE100 by 2025 On Track ✓ Full ESG Transparency & Disclosure ✓ Ichigo ESG - Environmental ✓ Ichigo ESG - Social ✓ Ichigo ESG - Governance Appendices ✓ Portfolio Details ✓ Loan Details & Shareholder Composition ✓ Growth Roadmap, Sponsor, Shareholder Alignment Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. CO 6
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