Investor Presentaiton

Sponsor Support Driving Stability Hakata Hotels (Ichigo's wholly-owned subsidiary) - I I - - - A hotel operator with expertise in Al revenue management systems (PROPERA) that operates 12 hotels across Japan, with a focus in the Hakata (Fukuoka) area ✓ Maintained high occupancy despite occupancy decrease at other hotels (Hotels using PROPERA achieved 90% occupancy during the July 2021 fiscal period) Offers competitive rates and strong collaboration Became the operator of Chisun Inn Osaka Hommachi (rebranded as The OneFive Osaka Sakaisuji) in September 2021, following on from becoming the operator of the Okayama and Fukuoka Tenjin hotels. Selected as operator among multiple candidates due to better overall terms Helps to avoid absence of a hotel operator under Covid uncertainty Investment Corporation Bond Issuance (JPY 500 million, November 2020) Allottee: Ichigo (100%) - - ✓ Demonstrates strong commitment and support from the sponsor Objective: To further strengthen Ichigo Hotel's financial base amid an uncertain market environment 一期一会| ICHIGO Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. 15

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