Investor Presentaiton
一期一会|
ICHIGO
Individual Hotel Summary
Jan 2021 Appraisal
Leasable
Acquisition
Book Value
Hotel
No.
Hotel Name
Lease Terms
Location
Area
(m²)
Price
(JPY M)
(JPY M)
Value
(A)
(JPY M)
Cap Rate
(as of Jan 31, 2021)
Unrealized
Gains (JPY M)
(%)
(B) - (A)
(B)
A-1 Nest Hotel Sapporo Ekimae
A-2 Nest Hotel Sapporo Odori
Variable + Fixed Rent
Sapporo
5,734.93
2,160
2,115
2,520
5.1
+404
A-3 Comfort Hotel Kushiro
B-1 Grandpark-Inn Yokohama
C-1 Smile Hotel Tokyo Asagaya
C-3 Hotel Livemax Nihombashi-Hakozaki
C-4 HOTEL EMIT SHIBUYA
D-1 Comfort Hotel Hamamatsu
D-2 Hotel Wing International Nagoya
Variable + Fixed Rent
Fixed Rent
Fixed Rent
Sapporo
5,638.78
1,450
1,463
1,770
5.0
+306
Kushiro, Hokkaido
3,180.58
300
287
421
5.5
+133
Yokohama
1,183.26
1,490
1,496
1,310
4.8
-186
Variable Fixed Rent
Tokyo
2,721.70
3,910
3,936
4,140
4.3
+203
Fixed Rent
Variable + Fixed Rent
Tokyo
853.00
1,360
1,296
1,400
4.6
+103
Tokyo
1,470.52
3,700
3,816
3,950
3.6
+133
Fixed Rent
Hamamatsu, Shizuoka
4,173.92
1,550
1,428
1,750
5.2
+321
Variable + Fixed Rent
Nagoya
5,255.66
2,670
2,698
2,580
4.7
-118
D-3 Comfort Hotel Central International Airport
D-4 Comfort Hotel Suzuka
Fixed Rent
Fixed Rent
Tokoname, Aichi
11,599.63
5,308
5,296
5,730
4.1
+433
Suzuka, Mie
2,186.65
300
274
378
5.0
+103
Hotel
E-1 Smile Hotel Kyoto Shijo
Variable Fixed Rent
Kyoto
4,891.84
4,480
4,521
3,570
4.5
-951
E-3 Chisun Inn Osaka Hommachi
Variable + Fixed Rent
Osaka
3,690.00
1,630
1,717
1,300
4.7
-417
E-4 Hotel Wing International Kobe Shin Nagata Ekimae
Variable + Fixed Rent
Kobe
4,540.90
1,490
1,399
1,810
4.7
+410
E-5 Nest Hotel Osaka Shinsaibashi
Variable + Fixed Rent
Osaka
8,057.26
7,600
7,604
5,730
4.4
-1,874
F-1 The OneFive Okayama
F-2 Nest Hotel Matsuyama
F-3 Urbain Hiroshima Executive
Variable + Fixed Rent
Variable + Fixed Rent
Okayama
Matsuyama, Ehime
5,543.70
1,200
1,203
1,800
5.7
+596
6,671.94
1,610
1,618
1,950
5.6
+331
F-4 Court Hotel Kurashiki
F-5 Valie Hotel Hiroshima
Fixed Rent
Variable Fixed Rent
Variable + Fixed Rent
Hiroshima
2,756.20
1,800
1,811
2,060
5.3
+248
Kurashiki, Okayama
3,964.19
1,725
1,780
1,990
5.1
+209
Hiroshima
4,332.50
1,500
1,585
1,650
5.0
+64
F-6 Washington Hotel Plaza Shimonoseki Eki Nishi
G-1 The OneFive Fukuoka Tenjin
G-3 Nest Hotel Kumamoto
Fixed Rent
Variable Fixed Rent
Variable Fixed Rent
Shimonoseki, Yamaguchi
5,709.35
1,080
1,098
1,170
4.9
+71
Fukuoka
Kumamoto
1,910.94
1,380
1,448
2,190
4.3
+741
6,404.36
2,220
2,177
2,330
5.4
+152
Total (23 Hotels)
102,471.81
51,913
52,076
53,499
5.0
+1,422
O Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved.
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