Ichigo Hotel Reit Investment Corp. · TSE:3463

Ichigo Hotel Reit Investment — January 2026 FP Earnings Presentation

65 slides from Ichigo Hotel Reit Investment's earnings presentation, Mar 16, 2026

  1. Slide 1: Ichigo Hotel January 2026 Fiscal Period Corporate Presentation

    Ichigo Hotel (3463) Ichigo Hotel January 2026 Fiscal Period Corporate Presentation March 16, 2026 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

  2. Slide 2: Ichigo is a Japanese sustainable infrastructure company

    Ichigo is a Japanese sustainable infrastructure company dedicated to making the world more sustainable © Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved.

  3. 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.

  4. Slide 4: Ichigo – A Sustainable Infrastructure Company

    Ichigo – A Sustainable Infrastructure Company Whether developing new technologies to allow buildings to last 100 years, powering communities with clean energy, or creating new possibilities for tenants and stakeholders, Ichigo is working to build a more prosperous and sustainable society for all. ©

  5. Slide 5: January 2026 Results and highlights

    January 2026 Results  Nest Hotel alt Sapporo Odori Rebranding &  January 2026 Highlights Reopening  January 2026: Record High Rental Revenue & NOI  Hotel Sales Growing Portfolio & Maximizing  Financial Metrics: Record NAV & FFO on 3 Straight Shareholder Value Periods of Acquisitions/Sales  Max

  6. Slide 6: January 2026 Results

    January 2026 Results © Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. 6

  7. Slide 7: January 2026 Highlights

    January 2026 Highlights Results Details • +JPY 110M (+8.9%) vs. forecast JPY 1,354M Net Income -JPY 1,961M (-59.1%) YOY • Hotel rental income +JPY 197M (+7.5%) YOY • Decrease in gains on sale -JPY 2.3B (-94.5%) YOY Sale & • Sold 1 hotel (Suzuka, JPY 430M) • Sold fixed rent hotel with limited earning

  8. Slide 8: January 2026: Record High Rental Revenue & NOI

    Earnings Breakdown January 2026: Record High Rental Revenue & NOI Dividend +8.9% vs. Forecast Driven by Higher-Than-Expected Rent Increase (JPY million) Previous vs. Jan 2025 Jan 2026 Major Variation Factors Forecast Forecast Actual Actual (A) (vs. Previous Forecast) (Sep 2025) (B) (A) - (B) Operati

  9. Slide 9: Record NAV & FFO on 3 Straight Periods of Acquisitions/Sales

    Financial Metrics Record NAV & FFO on 3 Straight Periods of Acquisitions/Sales January 31, 2025 July 31, 2025 January 31, 2026 Dividend JPY 10,125 JPY 4,207 JPY 4,136 NAV (per Share) JPY 148,746 JPY 167,129 JPY 175,801 FFO (per Share) JPY 4,133 JPY 4,681 JPY 5,243 Book Value LTV 41.4% 45.5% 46.8% Ma

  10. Slide 10: Continued RevPAR & Revenue Growth on Robust Demand

    Hotel Operating Results Continued RevPAR & Revenue Growth on Robust Demand Variable Rent Hotels (21 Hotels) Aug 1, 2024 Aug 1, 2025 Change YOY - Jan 31, 2025 - Jan 31, 2026 Room Revenue (JPY M) 5,711 5,875 +165 +2.9% Total Revenue (JPY M) 6,165 6,326 +161 +2.6% RevPAR (JPY) 9,837 10,121 +284 +2.9% O

  11. Slide 11: Continued Occupancy & ADR Growth on Robust Hotel Demand

    Hotel Operating Results Continued Occupancy & ADR Growth on Robust Hotel Demand YOY by Region (Aug 2025 – Jan 2026) 26 Hotels (excludes Capsule Plus Yokohama, Washington Hotel Plaza Shimonoseki Eki Nishi, Smile Hotel Miyakojima, which opened in April 2025, Hotel Enoe Toyama, which ■ RevPAR ■ Occupan

  12. Slide 12: Driving Competitiveness to Capture Growing Demand

    Ichigo Hotel’s Growth Strategy Driving Competitiveness to Capture Growing Demand Conducted Renewal Construction of Smile Tokyo Asagaya (Jul-Oct 2025) – Conducted review of contract terms upon completion (fixed rent third year +56%) – No rebranding, renewed contract with existing competitive tenant –

  13. Slide 13: THE KNOT: Selected as Michelin-Recommended Hotels

    THE KNOT: Selected as Michelin-Recommended Hotels Ichigo’s Value-Add Initiatives & Collaboration with Hotel Operators to Increase Asset Value Leads to External Recognition HOTEL THE KNOT YOKOHAMA THE KNOT SAPPORO https://hotel-the-knot.jp/yokohama/en https://hotel-the-knot.jp/sapporo/en 1. Excellenc

  14. Slide 14: Environmental Initiatives

    Environmental Initiatives High GRESB Rating & 100% Renewable Energy Transition – GRESB Real Estate Assessment (from 2021)  Achieved 2 Stars – Green Star 5 Years in a Row – Highest A GRESB Public Disclosure Level 3 Years in a Row – Completed 100% Renewable Energy Transition at All Hotels Renewable E

  15. Slide 15: Shareholder Discount Program

    Shareholder Program Shareholder Discount Program Providing Hotel Discounts to Ichigo Hotel Shareholders in Cooperation With Hotel Operators Minacia Co., Ltd. K.K. Hospitality Operations Greens Co., Ltd. (KOKO HOTEL) (Smile Hotels) (Choice Hotels) • Ichigo Hotel-Owned Hotels: 2 Hotels • Ichigo Hotel-

  16. Slide 16: Ichigo J.League Shareholder Program

    Shareholder Program Ichigo J.League Shareholder Program Represents Two Firsts for a Shareholder Program in Japan − First Japanese company to include not just its own shareholders, but also the shareholders of the REITs and solar power producer that it manages, in its shareholder program (104,600 sha

  17. Slide 17: Growth Initiatives

    Growth Initiatives © Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. 17

  18. Slide 18: Creating Growth Capturing Changes in Environment

    Ichigo Hotel’s Growth Strategy Creating Growth Capturing Changes in Environment Initiatives Driving ADR Growth Potential – Capturing higher-spending customers, inbound & leisure demand – Portfolio restructuring, new acquisitions, rebranding & value-add construction of existing hotels – Positioning P

  19. Slide 19: Implementing Growth Strategies at Operator Contract Renewals

    Ichigo Hotel’s Growth Strategy Implementing Growth Strategies at Operator Contract Renewals Driving Portfolio Growth via Continued Execution of Growth Strategies July 2025 January 2026 July 2026 January 2027 Hotels with ・ Comfort Kushiro ・ Nest Kumamoto ・ THE KNOT YOKOHAMA ・ Nest Kumamoto Operator ・

  20. Slide 20: Rebranding of Nest Hotel Sapporo Odori

    Ichigo Hotel’s Growth Strategy Rebranding of Nest Hotel Sapporo Odori Conducting Value-Add Construction at Contract Renewal with Operator – Further capturing inbound/leisure demand via enhancing design & driving comfort – Increase maximum guest capacity: +42 guests (+14%) via additional beds & 2 add

  21. Slide 21: Nest Hotel alt Sapporo Odori Rebranding & Reopening

    Ichigo Hotel’s Growth Strategy Nest Hotel alt Sapporo Odori Rebranding & Reopening Enhancing Hotel Design to Position Hotel as Base for Enriching Travel Experience Before Before IMAGE IMAGE After After Before Before IMAGE IMAGE After After © Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Inv

  22. Slide 22: Hotel Sales Growing Portfolio & Maximizing Shareholder Value

    Ichigo Hotel’s Growth Strategy Hotel Sales Growing Portfolio & Maximizing Shareholder Value Strengthening Growth via Securing Financing & Profit Distribution – Sales proceeds: Reinvested for value-add of existing hotels, new hotel acquisitions – Gains on sales: Realized gains on sales exceeding appr

  23. Slide 23: Maximizing Shareholder Value via Optimizing Capital Efficiency

    Ichigo Hotel’s Growth Strategy Maximizing Shareholder Value via Optimizing Capital Efficiency – Distribute gains on sale to shareholders & secure capital for growth via selective asset sales – Reinvest in value-add and hotel acquisitions to further strengthen portfolio Maximize Shareholder Value ・ D

  24. Slide 24: Driving Shareholder Value via Ichigo Sponsor Pipeline

    Driving Shareholder Value via Ichigo Sponsor Pipeline 15 Hotels Across Japan (JPY 85.4B) in Sponsor Pipeline as of Nov 30, 2025 Ichigo Brand Hotels No. Of Hotels Area (Ichigo Brand Hotels) Hokkaido/Tohoku 1 (1) Kanto Koshinetsu 1 Tokyo 2 (1) Kinki 5 (3) Chugoku/ 1 (1) Shikoku Kyushu 5 (3) Total 15 (

  25. Slide 25: NAV per Share Growth Driving Shareholder Value

    Ichigo Hotel’s Strengths NAV per Share Growth Driving Shareholder Value Achieved Record High NAV, Returning to Growth Trajectory – NAV growth in most recent 1-year: +18.2% – Post-Covid annual average NAV growth (CAGR): +11.0% after Jan 2024 (JPY) Covid Impact 175,801 143,045 145,726 142,561 148,746

  26. Slide 26: Earnings Forecasts

    Earnings Forecasts © Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. 26

  27. Slide 27: Earnings Forecast Preconditions

    Earnings Forecast Preconditions July 2026 January 2027 ・ Occupancy: 85.1% (-2.3pt YOY) ・ Occupancy: 86.1% (-0.7pt YOY) Operation ・ ADR: JPY 10,414 (-7.3% YOY) ・ ADR: JPY 10,957 (-6.2% YOY) Hotel ・ 2 Hotel closures due to value-add construction ・ 2 Hotel closures due to value-add construction KNOT YO

  28. Slide 28: July 2026 Forecast

    July 2026 Forecast ̶ Closing and Conducting Renewal Construction at 2 Hotels to Drive Earnings ̶ Drop Off in Gains on Sales (Not Reflected in Forecast); Drop Off in Special Demand for Osaka World Expo (JPY million) Jul 2026 Jul 2026 Jul 2025 vs. Jul 2025 Previous Forecast Revised Major Variation Fac

  29. Slide 29: January 2027 Forecast

    January 2027 Forecast ̶ Closing and Conducting Renewal Construction at 2 Hotels to Drive Earnings ̶ Drop Off in Gains on Sales (Not Reflected in Forecast); Drop Off in Special Demand for Osaka World Expo (JPY million) Jan 2026 Jan 2027 vs. Jan 2026 Major Variation Factors (vs. Jan 2026) Actual (A) F

  30. Slide 30: Ichigo's Commitment to ESG

    Ichigo’s Commitment to ESG © Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. 30

  31. Slide 31: Ichigo Sustainability Policy

    Ichigo Sustainability Policy Harmony With the Environment and Recycling Ichigo actively monitors and minimizes the environmental impact of its business operations via extending the useful life of its assets, reducing water and water consumption, and recycling. Addressing Climate Change and Shift to

  32. Slide 32: RE100: Continued Renewable Energy Transition

    RE100: Continued Renewable Energy Transition Achieved & Will Maintain 100% Renewable Electricity Across Operations – Expect RE100 Certification by FY26/2-End RE100達成率 Non-Fossil Certificate 100% Tracking for Ichigo Power Plants Renewable Energy Switch 41% Ichigo Hotel 59% 25% Ichigo Hotel 12% Ichigo

  33. Slide 33: Ichigo Climate Positive: CO2 Reduction 8X > CO2 Emissions

    Ichigo Climate Positive: CO2 Reduction 8X > CO2 Emissions Ongoing Ichigo Clean Energy Production Growth (CO2 Reduction Increase) & Renewable Energy Transition & Carbon Offsets (CO2 Emissions Reduction) (tons) CO2 Reductions vs. Emissions ■ Total Ichigo Power Plant CO2 Reduction ■ Total Ichigo CO2 Em

  34. Slide 34: Ichigo ESG – Environmental

    Ichigo ESG – Environmental Sustainability-Driven & Climate Positive Effective Use of Existing Real Estate Towards a Net Zero Carbon Society J-REIT Initiatives Preserve & Improve Real Estate Community-Based, Productive Use of Pro-Active Environmental to End Wasteful Demolition Idle Land for Clean Ene

  35. Slide 35: Ichigo ESG – Social

    Ichigo ESG – Social Contributing to a Sustainable Society Contributing to Regional Revitalization Ichigo University Sports Initiatives Ichigo works to revitalize local communities Ichigo established Ichigo University in May and promote regional economic 2013 to support employees’ continuing As a top

  36. Slide 36: Ichigo ESG – Governance

    Ichigo ESG – Governance Global Best Practice Governance No Fixed Fee, Best Practice Governance Performance Fee- Only Structure REIT Asset Management Company (AMC)  Shifted to performance-  Monitors Asset Management Company  Best Practice linked fee structure to • All Ichigo Hotel Directors are In

  37. Slide 37: Appendix: Portfolio Details

    Appendix: Portfolio Details © Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. 37

  38. Slide 38: Portfolio Lease Details (as of January 31, 2026)

    Portfolio Lease Details (as of January 31, 2026) Variable Lease Terms Fixed Rent Fixed + Variable Rent Total Rent Form of Contract Lease Lease Lease Lease – Fixed Rent Yes Yes Yes – – Excess Above Fixed Variable Rent – Fixed Portion of Revenue Upside Fixed Portion of Hotel GOP Portion of – Hotel GOP

  39. Slide 39: Individual Hotel Summary

    Individual Hotel Summary (as of January 31, 2026) Jan 2026 Appraisal Unrealized Leasable Acquisition Book Value Hotel Value Gains Hotel Name Lease Terms Location Area Price (JPY M) Cap Rate No. (JPY M) (JPY M) (㎡) (JPY M) (A) (%) (B) (B) - (A) A-2 Nest Hotel Sapporo Odori Variable + Fixed Rent Sappo

  40. Slide 40: Fixed/Variable Rent, RevPAR, ADR, & Occupancy Trends

    Fixed/Variable Rent, RevPAR, ADR, & Occupancy Trends Fixed/Variable Rent (JPY thousand) Jan 2025 Jul 2025 Jan 2026 Rent Ratio Rent Ratio Rent Ratio Fixed Rent 1,303,474 46.6% 1,273,422 46.2% 1,327,090 44.0% Rent Variable Rent 1,324,203 47.3% 1,310,553 47.6% 1,498,146 49.7% Rent from Retail Tenants 1

  41. Slide 41: Variable Rent Hotel Details

    Variable Rent Hotel Details A-2 Nest Hotel Sapporo Odori Operating Results (Feb 2025 – Jan 2026) ADR RevPAR Occupancy Location Sapporo (right) (right) (left) (JPY) 4-minute walk from 100% 30,000 Odori Station on Access 80% 24,000 Sapporo City Metro Namboku Line 60% 18,000 Nest Hotel Japan Operator 4

  42. Slide 42: Variable Rent Hotel Details

    Variable Rent Hotel Details B-1 Capsule Plus Yokohama Location Yokohama, Kanagawa 6-minute walk from Access Yokohama Station on JR/ Subway Line The hotel operator did not give consent to disclose data. Operator nine hours Inc. Guest Rooms 169 Acquisition JPY 1,490M Price B-2 Smile Hotel Nagano Locat

  43. Slide 43: Variable Rent Hotel Details

    Variable Rent Hotel Details B-4 HOTEL THE KNOT YOKOHAMA ADR RevPAR Occupancy Location Yokohama Operating Results (Feb 2025 – Jan 2026) (right) (left) (JPY) (right) 100% 20,000 5-minute walk from JR Access 80% 16,000 Yokohama Station 60% 12,000 K.K. Hospitality Operator Operations 40% 8,000 Guest Roo

  44. Slide 44: Variable Rent Hotel Details

    Variable Rent Hotel Details C-4 The OneFive Tokyo Shibuya ADR RevPAR Occupancy Location Shibuya-ku, Tokyo Operating Results (Feb 2025 – Jan 2026) (right) (right) (left) (JPY) 6-minute walk from Shibuya Station on JR, 100% 30,000 Access Tokyu, Keio, and 80% 24,000 Tokyo Metro Lines 60% 18,000 Operato

  45. Slide 45: Variable Rent Hotel Details

    Variable Rent Hotel Details D-3 Comfort Hotel Central International Airport Location Tokoname, Aichi ADR RevPAR Occupancy Operating Results (Feb 2025 – Jan 2026) (right) (right) (left) (JPY) 5-minute walk from the Central International 100% 15,000 Airport and 3-minute Access walk from Central 80% 12

  46. Slide 46: Variable Rent Hotel Details

    Variable Rent Hotel Details D-6 Quintessa Hotel Ogaki ADR RevPAR Occupancy Location Ogaki, Gifu Operating Results (Feb 2025 – Jan 2026) (right) (right) (left) (JPY) 100% 10,000 5-minute walk from Ogaki Station on JR 80% 8,000 Access Tokaido Line, Yoro Railway Yoro Line 60% 6,000 Core Global 40% 4,00

  47. Slide 47: Variable Rent Hotel Details

    Variable Rent Hotel Details E-1 Smile Hotel Kyoto Shijo ADR RevPAR Occupancy Location Kyoto Operating Results (Feb 2025 – Jan 2026) (right) (right) (left) (JPY) 5-minute walk from Shijo Station on Kyoto 100% 15,000 City Subway Karasuma Access 80% 12,000 Line and Karasuma Station on Hankyu 60% 9,000

  48. Slide 48: Variable Rent Hotel Details

    Variable Rent Hotel Details E-4 KOKO HOTEL Kobe Shin Nagata ADR RevPAR Occupancy Location Osaka Operating Results (Feb 2025 – Jan 2026) (right) (right) (left) (JPY) 2-minute walk from 100% 15,000 Shin Nagata Station Access on JR Kobe Line 80% 12,000 (Sanyo Main Line) 60% 9,000 Operator Minacia Co.,

  49. Slide 49: Variable Rent Hotel Details

    Variable Rent Hotel Details F-1 The OneFive Okayama ADR RevPAR Occupancy Location Okayama Operating Results (Feb 2025 – Jan 2026) (right) (left) (JPY) (right) 15-minute walk from 100% 10,000 Okayama Station on Access Sanyo Shinkansen, 80% 8,000 Sanyo Main Line, Uno Line 60% 6,000 40% 4,000 Operator

  50. Slide 50: Variable Rent Hotel Details

    Variable Rent Hotel Details F-4 The OneFive Garden Kurashiki Location Kurashiki, Okayama Operating Results (Feb 2025 – Jan 2026) ADR RevPAR Occupancy (right) (right) (left) (JPY) 100% 15,000 8-minute walk from Access Kurashiki Station on 80% 12,000 JR Sanyo Main Line 60% 9,000 Operator OneFive Hotel

  51. Slide 51: Variable Rent Hotel Details

    Variable Rent Hotel Details G-3 Nest Hotel Kumamoto Location Kumamoto Operating Results (Feb 2025 – Jan 2026) ADR RevPAR Occupancy (right) (right) (left) (JPY) 100% 10,000 2-minute walk from Nishikarashimacho 80% 8,000 Access Station on Kumamoto City Tram Line 60% 6,000 Nest Hotel Japan 40% 4,000 Op

  52. Slide 52: Variable Rent Hotel Details

    Variable Rent Hotel Details G-5 Nest Hotel Hakata Ekimae Location Fukuoka Operating Results (Feb 2025 – Jan 2026) ADR RevPAR Occupancy (right) (right) (left) (JPY) 5-minute walk from Hakata Station on JR 100% 25,000 Lines, Fukuoka City Access Subway Kuko Line, 80% 20,000 and Fukuoka City Subway Nana

  53. Slide 53: Fixed Rent Hotel Details

    Fixed Rent Hotel Details A-3 Comfort Hotel Kushiro B-3 Hotel Sunshine Utsunomiya Location Kushiro, Hokkaido Location Utsunomiya, Tochigi 5-minute walk from 2-minute walk from Utsunomiya Station on Access Kushiro Station on JR Access JR Tohoku Main Line, Nemuro Main Line Tohoku Shinkansen Operator Gr

  54. Slide 54: Fixed Rent Hotel Details

    Fixed Rent Hotel Details F-3 Urbain Hiroshima Executive F-6 Washington Hotel Plaza Shimonoseki Eki Nishi Location Hiroshima Shimonoseki, Location Yamaguchi 6-minute walk from 3-minute walk from Hiroshima Station on JR Shimonoseki Station Access Access Sanyo Shinkansen and on JR Sanyo Main Sanyo Main

  55. Slide 55: Appendix: Loan Details & Shareholder Composition

    Appendix: Loan Details & Shareholder Composition © Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. 55

  56. Slide 56: Loan Details

    Loan Details (as of March 16, 2026) Lender Composition Fixed vs. Floating * Includes interest fixed via swaps Fukuoka Aozora Kansai Mirai Bank 3% 2% 1% Nishi-Nippon City 3% Resona 9% SBI Shinsei SMBC 12% 41% Mizuho 29% Loan Details Total Loans JPY 38.02 billion Average Interest Rate 1.34% Average De

  57. Slide 57: Strategic Control of Interest-Bearing Liabilities, Maintain Stability

    Interest-Bearing Liabilities Strategic Control of Interest-Bearing Liabilities, Maintain Stability Distribution of Loan and Bond Maturities (as of March 16, 2026) (JPY million) Fixed Rate (JPY million) Floating Rate 8,200 4,500 3,500 3,550 3,300 3,500 3,000 2,000 2,250 2,220 2,000 2,000 Jul 2026 Jan

  58. Slide 58: Shareholder Composition

    Shareholder Composition Major Shareholders (as of January 31, 2026) By Number of Shares Held Foreign Corporations & Individuals Domestic Financial Institutions No. Of Name Share Non-Financial Domestic Corporations Domestic Individuals Shares 1 Ichigo Trust 59,087 18.0% 79,960 81,570 82,928 (24.4%) (

  59. Slide 59: Appendix: Other

    Appendix: Other © Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. 59

  60. Slide 60: Hotel Map

    Hotel Map Hotel Geographic Composition (Acquisition Price Basis) Hotel Name No. A-2 Nest Hotel Sapporo Odori Kobe Nagoya 2.0% A-3 Comfort Hotel Kushiro 3.7% A-4 THE KNOT SAPPORO B-1 Capsule Plus Yokohama Kyoto Sapporo Kushiro B-2 Smile Hotel Nagano 6.1% A-2 A-4 Osaka Kyushu B-3 Hotel Sunshine Utsuno

  61. Slide 61: Ichigo Hotel's Sponsor: Ichigo (2337)

    Ichigo Hotel’s Sponsor: Ichigo (2337) Core Businesses: Asset Management, Sustainable Real Estate, Clean Energy ‒ Manages Ichigo Hotel (3463), Ichigo Office (8975), and Ichigo Green (9282) ‒ Sustainable Real Estate business adds value to existing buildings by drawing upon its real estate technologies

  62. Slide 62: Synergies Between Ichigo Hotel and Sponsor

    Synergies Between Ichigo Hotel and Sponsor ‒ Strengthen acquisitions through leveraging Ichigo’s sourcing network ‒ Optimize assets for REIT investments through Ichigo’s real estate value-add capabilities ‒ Drive higher returns for Ichigo Hotel shareholders Ichigo Hotel (3463) Buy Sponsor: Ichigo (2

  63. Slide 63: OneFive Hotels – Ichigo Group Hotel Operator

    OneFive Hotels – Ichigo Group Hotel Operator – Ichigo-Owned OneFive Hotels Operates 20Hotels With Focus on the Hakata Area in Fukuoka Prefecture – OneFive Hotels Deploys PROPERA, an AI-Based Revenue Management System Developed by Ichigo, to Maximize Earnings and Increase Guest Satisfaction Name OneF

  64. Slide 64: Ichigo Hotel Overview

    Ichigo Hotel Overview Ichigo Hotel Name Ichigo Hotel REIT Investment Corporation Securities Code 3463 Address 2-6-1 Marunouchi, Chiyoda-ku, Tokyo Executive Director Eriko Ishii Fiscal Periods January (August 1 - January 31) and July (February 1 - July 31) Asset Management Company Name Ichigo Investm

  65. Slide 65: 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 — January 2026 FP Earnings Presentation on 6ix