Investor Presentaiton
Organic Growth
Driving Earnings Growth (1)
Smile Hotel Nagano (Former Comfort Hotel Nagano) Rebranded &
Reopened in March 2023
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Changed operator to K.K. Hospitality Operations
Driving earnings growth via change to variable-rent contract
✓ Conducted renovations as part of rebranding
✓ Capture both business and leisure demand
✓ Combination of market recovery and variable rent resulting in revenue equivalent to last
year's earned due to special Zenkoji Temple event
✓ Rental income +80% vs. before rebranding (March - July 2023 5-month actual results)
✓ Appraisal Value +1.8% vs. previous period.
一期一会|
ICHIGO
Smile
Hotel
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Sande Lotel
O Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved.
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