Ichigo Hotel REIT Investment Corporation reported unaudited operating results for the month and year to date ended May 2023. For the month, the company reported RevPAR of JPY 6,777 against JPY 4,350 a year ago. Occupancy 78.3% against 79.8% a year ago. ADR of JPY 8,651 against JPY 5,453 a year ago.

For the year to date, the company reported RevPAR of JPY 6,557, Occupancy of 80.7% and ADR of JPY 8,125.