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Investor Presentaiton

一期一会| ICHIGO Variable Rent Hotel Details C-1 Smile Hotel Tokyo Asagaya Location Suginami-ku, Tokyo Access 1-minute walk from Asagaya Station on JR Chuo/Sobu Line K.K. Hospitality Operator Operations Guest Rooms 112 Acquisition JPY 3.91B Price C-4 HOTEL EMIT SHIBUYA Shibuya-ku, Tokyo Location Access 6-minute walk from Shibuya Station on JR, Tokyu, Keio, and Tokyo Metro Lines Hakata Hotels Inc. Operator Shidax Daishinto Human Services Inc. Guest Rooms 72 Acquisition JPY 3.7B Price Operating Results (Feb 2020 - Jan 2021) ADR (right) RevPAR Occupancy (right) (left) (JPY) 100% 10,000 80% 60% 8,000 6,000 40% 20% 4,000 2,000 0% 0 Feb 2020 May 2020 Aug 2020 Nov 2020 Operating Results (Feb 2020 - Jan 2021) ADR (right) RevPAR (right) Occupancy (left) (JPY) 100% 10,000 80% 8,000 20% 0% االسلا 6,000 4,000 2,000 0 Feb 2020 May 2020 Aug 2020 Nov 2020 60% EMIT Cafe EMT Cafe EMI Cafe 40% O Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. 41
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