Ichigo Hotel REIT Investment Corporation reported operating results for the month and year to date ended April 2023. For the Month, the company reported RevPAR of JPY 6,002 against JPY 4,009 a year ago. Occupancy 73.5% against 78.4% a year ago. ADR of JPY 8,170 against JPY 5,114 a year ago.

For the year to date, the company reported RevPAR of JPY 5,699, Occupancy of 83.5% and ADR of JPY 6,827.