July 3, 2023

Announcement Regarding the Completion and Opening of Centara Grand Hotel Osaka(Development Type Fund)
Hankyu Hanshin Real Estate Investment Advisors
Hankyu Hanshin Real Estate Investment Advisors (HHREIA) here announces the completion of the building,which was developed by a development type hotel fund (hereinafter “the Fund”) that HHREIA has been entrustedwith its asset management operations, took place on March 31, 2023, together with the opening of “Centara Grand
Hotel Osaka” (hereinafter “the Hotel”), the first hotel in Japan for Centara Hotels & Resorts (999/99 Rama 1 Road,Pathumwan, Bangkok, Thailand, hereinafter “CHR”), a well-known Thai hotel chain, opened on July 1 of the sameyear.
The Hotel is located in the new town block "Namba Parks South," which
has been developed integrally on the south side of "Namba Parks" locatedin the "Minami*" area, marking its grand existence in the area. The Hotelcan be accessed by hopping on one train from Kansai International Airport
and is near the sightseeing spots of Osaka such as Dotonbori, Tsūtenkaku
and others. Therefore, the location of the Hotel not only benefits domestic
travelers but also inbound tourists as well. Furthermore, since the business
district (Umeda, Yodoyabashi and Honmachi station) is within 10 minutes
by train, it is a very convenient place for those who are in town for businessas well.
The unique trait of the Hotel is that they use directly imported herbs andaroma oils of high quality for their traditional Thai spa, offer authentic Thaicuisine cooked by Thai chefs, and even has shuttle service between theHotel and train station on Tuk-Tuk**, which all makes it possible toexperience Thailand while still being in Japan. In the Hotel, there is abanquet hall which can accommodate a large number of guests, a gym, arooftop restaurant as well as bars and other restaurants with various
concepts on the 33rd floor. The interior design of the Hotel and theCentara Grand Hotel Osaka Exterior
guestroom is in the concept of “a fusion of Thai and Japanese aesthetics”
so that guests can experience the harmony of the beautifully fused cultures by being in the hotel.
The Fund is HHREIA’s 8th SPC project purposed for development and operation of hotel real estate. The operationof the Hotel will be run by Centara Osaka Japan Kabushiki Kaisha (Namba Naka 2-11-50, Naniwa-ku, Osaka City),
the Japanese corporation of famous Thai hotel brand CHR, along with CHR and the SPC investors who have richknow-hows about hotel operation. HHREIA will contribute to this project by infusing knowledge cultivated frompast achievements and experiences and strive to develop and operate a high quality hotel of upper upscale.
HHREIA will continue managing the Fund as well as considering various hotel development projects for fundstructuring, and HHREIA will continue to utilize Hankyu Hanshin Holdings Group’s wide range information networkand financial credibility to offer high quality asset management service that will be able to answer to our institutional
investors’ expectation.
*Minami: a tourist hub where many international travelers visit for sightseeing**Tuk-Tuk: a three-wheeled motorized vehicle used as a taxi.

© 2023 Hankyu Hanshin Real Estate Investment Advisors, Inc.

■Centara Grand Hotel Osaka Overview
Location

Site Area

Namba Naka 2-11-50, Naniwa-ku, Osaka City
4 minutes’ walk from Nankai Electric Railway Namba Station
8 minutes’ walk from Osaka Metro Midosuji Line Namba Station
4,404.72 ㎡

Total Floor Area

39,128.47 ㎡

Structure/Scale

Steel Reinforced Concrete, Steel Frame/ 33 Stories

Design/Construction

TAISEI CORPORATION

Guestrooms
Guestroom Types
Other Facilities

515 Rooms (6-9F: Yu Standard Floor, 10-25F: Rei Premium Floor, 26-31F: Miyabi Club Floor）
Superior Room, Deluxe Room, Corner Room, Family Room, Club Suite
Banquet Room, Restaurants, Fitness Room, Spa, Café, Parking Space

Access【Interior of Hotel】© 2023 Hankyu Hanshin Real Estate Investment Advisors, Inc.

[Contact Info Regarding This Release]Hankyu Hanshin Real Estate Investment Advisors, Inc.
Business Management and Planning Division
TEL：06-6315-8960 (direct)■ This announcement is not material disclosed under the Financial Instrument and Exchange Act and is not anadvertisement or the similar which is defined in the Act.
■The purpose of this announcement is not for our company to give investment advice or solicit specific financial products
under the Financial Instrument and Exchange Law in or outside of Japan. Furthermore, this announcement is not for thepurpose to solicit the TBI mentioned here.

© 2023 Hankyu Hanshin Real Estate Investment Advisors, Inc.