January 15th, 2021

Announcement Regarding the Completion and Opening of our second Hotel Development Project inMatsuyama City
Hankyu Hanshin Real Estate Investment Advisors
Hankyu Hanshin Real Estate Investment Advisors (HHREIA) announces the completion and opening of the second
hotel development project, in which HHREIA took the role of Asset Manager, in Matsuyama city, Ehime Prefecture.
The building completion was on October 30th 2020, the SPC of the project that owns the site acquired the building,and the hotel, “Comfort Hotel Matsuyama”, opened on November 26th that same year, which is “good bath day (iifurono hi)” in Japan.
The hotel is located 4 minutes’ on foot from Matsuyama City Station of IYOTETSU, which has the mostpassengers of Shikoku stations. Ehime Prefectural office and city hall of Matsuyama, and numerous sales bases
private sector businesses in the Shikoku region are within walking distance. The hotel is located near Matsuyama
City Station, and if you take the train or bus from there, JR Matsuyama and Matsuyama Airport could be easily
accessed. The location of the hotel is in a convenient place for both business and sightseeing. Taking a train or bus
from Matsuyama City Station, you can easily access famous sightseeing places such as Dōgo hot spring. Additionally,in order to provide customers with comfortable stay, the hotel offers services such as free breakfast that uses speciallyselected ingredients and self check-in/out system. In the hotel, there is a library café, which is decorated with Ehime’s
traditional art, and you can use the café for both business purposes and relaxing. The hotel has a Japanese style taste
in its design inspired by Matsuyama Castle, and in the lobby and elevator halls, you can find traditional art thatsymbolizes Ehime.
This project is HHREIA’s 7th hotel development purposed SPC and it is the first collaboration with GREENS CO.,LTD (Unomori 1-4-28, Yokkaichi, Mie), who is the operator of the hotel. By harnessing the GREEN’s operation
know-hows and HHREIA’s past achievements and experience together, we have developed a high quality hotel.
Additionally, near the hotel around Matsuyama City Station, Matsuyama City is underdoing town development (streetmaintenance) to connect Hanazonomachi Street and Gintengai Street so that “people can live conveniently by walking”
and also planning a maintenance construction plan (to commence construction on 2022) for Matsuyama City Station
Square where about 30,000 people come and go a day. By this maintenance plan, not only will the transition for
public transportation become more convenient, but it will also create a lively space where the city center will become
activated. This will create anticipation for the surrounding cities of the hotel.
HHREIA not only has hotel development projects under consideration, but is also considering various types ofincome producing property development projects for fund structuring. HHREIA will continue to utilize Hankyu
Hanshin Holdings Group’s wide range information network and credibility to offer high quality asset management
service that will be able to answer to our institutional investor’s expectation.
Comfort Hotel Matsuyama Overview
Location
Hanazonomachi 3-18, Matsuyama City, Ehime
Transportation
4 minutes’ walk from IYOTETSU Matsuyama City Station
Site Area
969.60 ㎡
Total Floor Area
Structure/Scale
Design/Construction
Number of Guestrooms
Other Facility/Equipment

5,710.98 ㎡
Steel Construction/ 12 Stories
ICHIMIYA CONSTRUCTIONTotal number of rooms: 197 (Single:110, Twin:85, Universal: 2)
Café, Non-smoking (all rooms), Wi-Fi (free), Coin Laundry, etc©2021 Hankyu Hanshin Real Estate Investment Advisors, Inc.

[Exterior and Interior of the Hotel][Contact Info Regarding This Release]
Hankyu Hanshin Real Estate Investment Advisors, Inc.
Business Management and Planning Division
TEL：06-6374-8950
FAX：06-6374-8956■This announcement is not material disclosed under the Financial Instrument and Exchange Act and is not an advertisement 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.

©2021 Hankyu Hanshin Real Estate Investment Advisors, Inc.