Ichigo Hotel Reit Investment Corp. · TSE:3463
Ichigo Hotel Reit Investment — Merger or Acquisition (August 2018)
7 slides from Ichigo Hotel Reit Investment's merger presentation, Aug 24, 2018
Slide 1: Asset Sale & Acquisition
Ichigo Hotel (3463) Asset Sale & Acquisition August 24, 2018 Ichigo Hotel REIT Investment Corporation (3463) Ichigo Investment Advisors Co., Ltd. © Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. www.ichigo-hotel.co.jp/english
Slide 2: We express our deepest condolences to all those affected by the recent heavy rainfall
We express our deepest condolences to all those affected by the recent heavy rainfall in western Japan and our wishes for the earliest possible recovery. © Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved.
Slide 3: © Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved.
© Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved.
Slide 4: Summary of the two releases on asset sale and acquisition
This material is a summary of the following two releases detailing Ichigo Hotel’s most recent asset sale and acquisition: “Hotel Sale (Smile Hotel Asakusa),” April 20, 2018 “Hotel Acquisition (Court Hotel Kurashiki),” August 24, 2018 © Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investmen
Slide 5: Asset Sale & Acquisition Objectives
Asset Sale & Acquisition Objectives ‒ Accelerate Organic Growth and Maximize Gains on Asset Sale in a Strong Seller’s Market ‒ Fully Distribute Gains on Sale as Dividend to Shareholders and Reinvest Principal Proceeds in Hotel with Strong Growth Potential Sale Acquisition Smile Hotel Asakusa Court H
Slide 6: Acquisition: Court Hotel Kurashiki (F-04)
Acquisition: Court Hotel Kurashiki (F-04) − Acquired from Ichigo (2337), Ichigo Hotel’s sponsor − 6.9% NOI Yield (Appraisal Basis), +23% NOI* vs. Smile Hotel Asakusa Sold in August − Further Earnings Growth Expected on Back of Growing Inbound and Business Demand * Calculated based upon actual NOI of
Slide 7: Disclaimer
Disclaimer These materials are for informational purposes only, and do not constitute or form a part of, and should not be construed as, an offer to sell or buy securities of Ichigo Hotel REIT Investment Corporation (Ichigo Hotel). These materials may contain forward-looking statements regarding the
Ichigo Hotel REIT Investment — Merger or Acquisition (August 2018) on 6ix