Ichigo Hotel REIT Investment Corporation announced that it decided to borrow funds via new loans. Loan Rationale: The new loans will be used to repay existing loans (JPY 4,950 million). Loan Details: Term Loan 29: Loan Date: February 29, 2024.

Lender: SMBC. Loan Amount: JPY 450 million. Interest Rate: 3M JPY TIBOR +0.70% (p.a.).

Repayment Date (Loan Term): July 31, 2029 (5.4 years). Repayment Terms: Lump-sum repayment. Collateralized: No.

Term Loan 30: Loan Date: February 29, 2024. Lender: SMBC, Mizuho Bank, SBI Shinsei Bank, Resona Bank, Fukuoka Bank and Nishi-Nippon City Bank. Loan Amount: JPY 4,500 million.

Interest Rate: 3M JPY TIBOR +0.80% (p.a.). Repayment Date (Loan Term): August 31, 2030 (6.5 years). Repayment Terms: Lump-sum repayment.

Collateralized: No.