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Investor Presentaiton

43rd FP Operating Results by Property (Period-on-Period Comparison) Shangri-La Tokyo (SL) Base month for rent Rent recording month Rent (million yen) MTH 14th FP (Operating period: Sep. 1, 2022 to Feb. 28, 2023) 2022 14th May Jun. Jul. Aug. 2022 Sep. 2023 Oct. Nov. Dec. 2023 Jan. 43rd FP (Operating period: Mar. 1, 2023 to Aug. 31, 2023) 2022 Feb. Mar. Apr. FP 43rd FP 2023 total total Sep. 90 Oct. Nov. Dec. 80 84 77 Jan. 103 Feb. 126 Mar. 562 135 Apr. 185 May 125 Jun. 110 Jul. 175 Aug. 203 935 Difference from the minimum guaranteed rent (million yen) Hilton Odawara Resort & Spa (HO) MTH 14th FP (Operating period: Sep. 1, 2022 to Feb. 28, 2023) 43rd FP (Operating period: Mar. 1, 2023 to Aug. 31, 2023) Jan. 2022 to Dec. 2022 Base period for calculation of rent Jul. 2021 to Jun. 2022 14th Rent recording month Rent (million yen) 2022 Sep. 30 Oct. Nov. Dec. 2023 Jan. Feb. FP total 2023 30 30 30 30 *Total doesn't include other revenues. 30 184 Mar. Apr. 31 31 May 31 Jun. Courtyard by Marriott Tokyo Station (CYT) MTH 14th FP (Operating period: Sep. 1, 2022 to Feb. 28, 2023) 2022 14th FP Base month for rent Jun. Occupancy rate (%) Average daily rate (ADR) (yen) RevPAR (yen) 2022 Rent recording month Sep. Oct. Nov. Dec. Jul. Aug. Sep. Oct. Nov. avg. 73.6% 71.2% 61.5% 71.6% 82.4% 86.6% 74.4% 17,709 19,240 19,133 20,515 23,729 25,754 21,261 13,038 13,700 11,776 14,684 19,544 22,303 15,827 14th FP total 2023 Jan. Feb. Rent (million yen) 15 19 11 19 40 42 148 Difference from the minimum guaranteed 21 21 rent (million yen) 43rd FP total Jul. Aug. 31 31 31 189 *Total doesn't include other revenues. 43rd FP (Operating period: Mar. 1, 2023 to Aug. 31, 2023) 2022 2023 43rd FP Dec. Jan. Feb. Mar. Apr. May avg. 76.8% 74.3% 79.1% 80.8% 77.3% 69.2% 76.2% 27,681 28,366 29,023 33,843 34,426 32,170 30,938 21,252 21,070 22,963 27,358 26,608 22,276 23,581 2023 Mar. 39 Apr. 39 May 39 Jun. Jul. 63 56 43rd FP Aug. total 39 278 Courtyard by Marriott Shin-Osaka Station (CYO) MTH 14th FP (Operating period: Sep. 1, 2022 to Feb. 28, 2023) 2022 Base month for rent Jun. Occupancy rate (%) Average daily rate (ADR) (yen) RevPAR (yen) 2022 Jul. Aug. Sep. Oct. 49.6% 49.5% 43.6% 52.8% 67.7% 15,048 15,971 15,893 16,017 17,316 7,457 7,898 6,931 8,453 11,715 2023 14th FP Nov. avg. 89.7% 58.7% 18,242 16,672 16,363 9,787 2023 Jan. Feb. Rent recording month Sep. Oct. Nov. Dec. Jan. Feb. 14th FP total Rent (million yen) 11 10 6 11 31 51 123 59 Apr. 27 May 90.6% 65.2% 73.9% 82.8% 91.4% 20,118 18,016 19,205 21,073 22,207 18,230 11,749 14,197 17,450 20,303 2023 Mar. 43rd FP (Operating period: Mar. 1, 2023 to Aug. 31, 2023) 2022 Dec. 43rd FP May avg. 81.8% 81.0% Mar. Apr. 20,656 20,359 16,892 16,486 43rd FP Jun. Jul. Aug. total 19 58 72 59 296 Difference from the minimum guaranteed 34 34 rent (million yen) 38
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