Investor Presentaiton

一期一会| ICHIGO RevPAR Increase YOY in All Regions YOY by Region (Feb 2022- July 2022) 21 Hotels (excludes Capsule Plus Yokohama, Washington Hotel Plaza Shimonoseki Eki Nishi, and Comfort Hotel Nagano) RevPAR Occupancy ADR Total Hokkaido Portfolio Tokyo Tokai/ Chubu Kyoto Osaka Kobe Chugokul Shikoku Kyushu +632% +614% +65% +53% +33% +36% +22% +15% +41% +37% +3% +88% +113% +161% بحبال +95% +64% +53% +29%+20% +7% +8% -3% +67% +22% +13% +42% +37% (JPY) RevPAR 5,024 5,709 4,398 2,262 2,360 4,696 4,059 4,704 No. Hotels 3 3 4 1 2 1 5 2 % of Total Portfolio Rental 9% 13% 23% 3% 6% 4% 27% 11% Income O Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. 11

View entire presentation