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Investor Presentaiton

43rd FP Operating Results by Property (Year-on-Year Comparison) Shangri-La Tokyo (SL) Base month for rent Rent recording month Rent (million yen) Difference from the minimum guaranteed rent (million yen) MTH 13th FP (Operating period: Mar. 1, 2022 to Aug. 31, 2022) 2021 Nov. Dec. 2022 Jan. 13th Feb. Mar. Apr. Nov. Dec. 2023 Jan. 43rd FP (Operating period: Mar. 1, 2023 to Aug. 31, 2023) 2022 Feb. Mar. Apr. FP 43rd FP 2022 2023 total total Mar. 147 Apr. 109 May Jun. 66 50 Jul. 70 Aug. 86 Mar. 530 135 Apr. 185 May 125 Jun. 110 Jul. 175 Aug. 203 935 Hilton Odawara Resort & Spa (HO) MTH 13th FP (Operating period: Mar. 1, 2022 to Aug. 31, 2022) Base period for calculation of rent Jan. 2021 to Dec. 2021 Rent recording month 2022 Mar. Rent (million yen) 26 Apr. 26 May 26 Jun. Courtyard by Marriott Tokyo Station (CYT) Base month for rent Occupancy rate (%) Average daily rate (ADR) (yen) RevPAR (yen) Rent recording month Rent (million yen) Difference from the minimum guaranteed rent (million yen) 43rd FP (Operating period: Mar. 1, 2023 to Aug. 31, 2023) 13th Jan. 2022 to Dec. 2022 FP total 2023 Jul. 26 Aug. 26 Mar. 158 31 Apr. 31 May 31 26 *Total doesn't include other revenues. 43rd FP total Jul. Jun. Aug. 31 31 31 189 *Total doesn't include other revenues. MTH 13th FP (Operating period: Mar. 1, 2022 to Aug. 31, 2022) 2021 2022 13th FP 2023 Dec. Jan. Feb. 49.0% 38.7% 41.4% 13,869 12,477 13,409 14,254 6,794 4,827 5,552 7,023 Mar. 49.3% Apr. 54.0% 16,421 8,860 May avg. 57.6% 48.4% 16,254 14,443 9,359 7,071 Jan. Feb. 43rd FP (Operating period: Mar. 1, 2023 to Aug. 31, 2023) 2022 Dec. Mar. 2022 13th FP Mar. Apr. 0 May Jun. Jul. Aug. total Mar. 0 3 1 9 237 15 237 39 Apr. 39 May 39 Apr. May 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 43rd FP Aug. total 43rd FP avg. Jun. Jul. 63 56 39 278 Courtyard by Marriott Shin-Osaka Station (CYO) MTH 13th FP (Operating period: Mar. 1, 2022 to Aug. 31, 2022) Base month for rent Occupancy rate (%) Average daily rate (ADR) (yen) RevPAR (yen) Rent recording month Rent (million yen) Difference from the minimum guaranteed rent (million yen) 2021 2022 Dec. Jan. Feb. 46.4% 29.5% 33.1% 15,510 14,420 14,473 7,192 4,252 4,797 Mar. 38.0% 14,904 5,666 2022 13th FP Apr. May avg. 40.2% 42.8% 38.5% 15,320 15,434 15,020 6,160 6,603 5,800 13th FP 43rd FP (Operating period: Mar. 1, 2023 to Aug. 31, 2023) 2022 2023 Dec. Jan. Feb. Mar. 11 Apr. 0 May Jun. Jul. Aug. total Apr. May Mar. Apr. May 90.6% 65.2% 73.9% 82.8% 91.4% 81.8% 81.0% 20,118 18,016 19,205 21,073 22,207 20,656 20,359 18,230 11,749 14,197 17,450 20,303 16,892 2023 Mar. 43rd FP avg. 16,486 Jun. Jul. Aug. 0 5 4 8 378 29 378 59 27 19 58 72 59 43rd FP total 296 37
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