Investor Presentaiton
Portfolio Lease Details
Operator Diversification Driving Earnings Stability
(as of July 31, 2021)
Total
JPY 1,073M
(100%)
23 Hotels
JPY 51.91B
(100%)
Lease Terms
Fixed Rent
Form of Contract
Lease
Fixed Rent
Yes
Variable Rent
Rental Income
(July 2021 Actual)
Number of Hotels
Total Acquisition
Price
JPY 385M
(35.9%)
7 Hotels
JPY 11.70B
(22.5%)
.
Comfort Hotel Kushiro
•
•
Comfort Hotel Hamamatsu
•
O Comfort Hotel Central
International Airport
• Comfort Hotel Suzuka
•
Hotel Livemax Nihombashi-
Hakozaki
• Urbain Hiroshima Executive
Hotels
• Washington Hotel Plaza
Shimonoseki Eki Nishi
Fixed Portion of
Revenue Upside
Fixed + Variable Rent
Variable Rent
Lease
Yes
Lease
Lease
Yes
Fixed Portion of Hotel
GOP
Excess Above Fixed
Portion of Hotel GOP
Not Available²
1 Hotel
JPY 1.49B
(2.9%)
JPY 108M
(10.1%)
2 Hotels
JPY 4.16B
(8.0%)
Hotel Wing International
Nagoya
Hotel Wing International
Kobe Shin Nagata Ekimae
JPY 580M
(54.0%)
13 Hotels
JPY 34.57B
(66.6%)
• Nest Hotel Sapporo Ekimae Capsule Plus Yokohama
• Nest Hotel Sapporo Odori
• Nest Hotel Osaka
Shinsaibashi
• Nest Hotel Matsuyama
• Nest Hotel Kumamoto
•
Smile Hotel Tokyo Asagaya
• Smile Hotel Kyoto Shijo
⚫Valie Hotel Hiroshima
• The OneFive Fukuoka
Tenjin
⚫ Court Hotel Kurashiki
⚫ HOTEL EMIT SHIBUYA
The OneFive Okayama
•
Chisun Inn Osaka
Hommachi¹
1
2
Changed operator, and rebranded and reopened as The OneFive Osaka Sakaisuji in September 2021
Operator did not provide consent to disclose information
一期一会|
ICHIGO
Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved.
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