Notice Regarding Portfolio Operational Results (March 2026)

Domestic Hotels Operational Results

In the domestic hotel portfolio (based on 101 properties) for March 2026, the occupancy rate was 87.6% (+2.1 points YoY), ADR was 14,648 yen (+4.8% YoY), and RevPAR was 12,839 yen (+7.4% YoY). Sales reached 9,938 million yen, a 7.0% increase year-over-year. Although there was a decline in inbound visitors from China, demand from other countries remained robust, resulting in positive year-over-year results influenced by the vernal equinox day and Easter holidays. Regionally, the occupancy rate in Tokyo's 23 wards remained high at 91.2%, with an ADR of 15,979 yen.

Overseas Hotels Operational Results and Outlook

At the two Cayman Islands properties, the occupancy rate for March 2026 was 87.4% (+21.3 points YoY), ADR was 790 USD (YoY △3.2%), and RevPAR was 691 USD (+28.0% YoY), with sales totaling 16.2 million USD, up 21.6% year-over-year. The decline in ADR is due to the ADR of The Sunshine Hotel & Suites, which reopened after renovation in December 2025, being lower than that of The Westin Grand Cayman. For April 2026, RevPAR for domestic and overseas hotels is expected to show slight declines or increases compared to the same month last year.