Investor Presentaiton
一期一会|
ICHIGO
External Growth
Strengthened Portfolio via Hotel Acquisition (2)
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Hotel Sunshine Utsunomiya (Acquisition Price JPY 2.2B, Acquired on Sep 20, 2022)
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A lodging-focused hotel located in Utsunomiya City of Tochigi Prefecture, the largest city in
the North Kanto area
Stable business demand from one of Japan's largest industrial parks & corporate research
institutes in the area
Acquired using proceeds from Jan 2020 hotel sale & cash-on-hand
A retail complex with a convention hall to be completed on the eastern side of Utsunomiya
Station by Nov 2022; Light Rail Transit, a next-generation streetcar system, to start
operations in Aug 2023
Fixed-rent lease hotel acquisition to drive portfolio earnings stability
* LRT Operation starts in Aug 2023
Utsunomiya Station
JR Tohoku Main Line/ Nikko Line
JR Tohoku/ Yamagata/
Akita Shinkansen
JR Tohoku Honsen
Utsunomiya
Terrace
LRT Station
Shinonome Dori
64
Utsunomiya
Hospital
Kinu Street
LRT Station
Light Rail Transit (LRT) *
Hotel Sunshine Utsunomiya
Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved.
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