Make The World
More Sustainable[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

January 25, 2022
IssuerIchigo Hotel REIT Investment Corporation (“Ichigo Hotel,” 3463)
1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Osamu Miyashita, Executive Director
www.ichigo-hotel.co.jp/en
Asset Management Company
Ichigo Investment Advisors Co., Ltd.
Representative: Hiroshi Iwai, President
Inquiries: Hidehito Iwasaka, Head of Ichigo Hotel
Tel: +81-3-3502-4892

Shareholder Hotel Discount Program Update
Ichigo Hotel today decided to continue its Shareholder Hotel Discount Program(“Shareholder Program”), which offers its shareholders special discounted rates whenstaying at hotels operated by specific operators.
1. Purpose
Ichigo Hotel launched the Shareholder Program to express its gratitude towards its
shareholders and to support the hotel industry challenged by the Covid pandemic.
2. Overview
Eligible Shareholders
All Ichigo Hotel shareholders on the shareholder registry as of January 31, 2022 areeligible for the Shareholder Program. Details of the program will be included with theJanuary 2022 Fiscal Period Shisan Unyo Hokoku (Semi-Annual Report), scheduled tobe sent to shareholders in late April.
Program Details
Special discounted rates will be offered to eligible shareholders when staying at thebelow applicable hotels (including hotels not owned by Ichigo Hotel) during theapplicable period.
Hotel Wing International Hotels (Hotel Operator: Minacia Co., Ltd.) Special Discounted Rate: 10% discount on prices shown on the official hotelwebsite Hotel Locations: There are 39 Hotel Wing International Hotels located acrossJapan, from Hokkaido in the north to Kagoshima in the south. (Newly opened
Tenza Hotel Hakata Station and Hotel Wing International Takamatsu inOctober 2021)
 Applicable Period: From late April 2022 (starting on dividend payment date)until March 31, 2023

1

Hotel Wing
International Nagoya(Ichigo Hotel-Owned)

Hotel Wing International Kobe
Shin Nagata Ekimae(Ichigo Hotel-Owned)

Hotel Wing International
Premium Shibuya

Hotel Wing International
Takamatsu

Choice Hotels1 franchise hotels (Hotel Operator: Greens Co., Ltd.) Special Discounted Rate: Premium rates set at each hotel
 Hotel Locations: There are 73 Comfort brand hotels (including Comfort Hotel,
Comfort Inn, and Comfort Suites) located across Japan, from Hokkaido in thenorth to Okinawa in the south.
 Applicable Period: From late April 2022 (starting on dividend payment date)until March 31, 2023
1
Choice Hotels International is a US company and one of the largest lodging
franchisors in the world.

Comfort Hotel Hamamatsu(Ichigo Hotel-Owned)

Comfort Hotel Ishigakijima

Comfort Hotel Central
International Airport(Ichigo Hotel-Owned)

Comfort HotelNagoya Kanayama

Green Hotels chain hotels (Hotel Operator: Greens Co., Ltd.) Special Discounted Rate: Member-only fixed rates set at each hotel
 Hotel Locations: From stay-only hotels to city hotels with banquet halls andrestaurants, Green Hotels offers a diverse brand of 27 hotels mainly in the Mieand Aichi prefectures and the Hokuriku region. With more than 60 years ofhotel operation experience, Green Hotels provides various services closely tied
to local communities.
 Applicable Period: From late April 2022 (starting on dividend payment date)until March 31, 2023

Hotel Econo Kanazawa Ekimae

Hotel around TAKAYAMA

2

HOTEL Meriken PortKobe Motomachi

Notes(1) Program details, including how to use the discount, will be enclosed together withthe January 2022 Fiscal Period Shisan Unyo Hokoku (Semi-Annual Report) to be sent inlate April 2022.
(2) As hotels may be temporarily closed due to Covid, please check each hotel’s website
for latest information.
(3) Some hotels may offer promotions with greater discounts depending on the timingand conditions of the stay.
(4) Please check the cancellation policy of each hotel for details on cancellation charges.
(5) Please confirm the availability of the shareholder program discount with each hotel
prior to making reservations as there may be situations in which a hotel decides that thediscount is not available.
3. Program Operation Costs
Ichigo Hotel will bear the operational costs of the Shareholder Program (such as costs toprint and mail information to shareholders), but will not bear any costs associated withthe discounted rates.
4. Handling of Personal Information
Neither Ichigo Hotel nor its Asset Management Company, Ichigo Investment Advisors,plans to obtain personal information via the Shareholder Program.
5. Other
Ichigo Hotel plans to continue the Shareholder Program for the July 2022 fiscal periodand subsequent fiscal periods. However, program details, such as applicable hotels, maychange based on discussions with hotel operators. Ichigo Hotel will promptly disclosedetails should any change to the program be decided.
6. Earnings Outlook
Operational costs of the Shareholder Program are minimal and have no impact on
Ichigo Hotel’s January 2022 fiscal period earnings forecast announced in today’s
release, “Forecast Revision for the January 2022 Fiscal Period,” and July 2022 fiscal
period earnings forecast announced in the September 14, 2021 release, “July 2021
Fiscal Period Earnings.”

3