Ichigo Hotel REIT Investment Corporation reported operating results for the month and year to date ended July 2023. For the month, the company reported RevPAR of JPY 6,897 against JPY 4,950 a year ago. Occupancy 79.7% against 81.5% a year ago. ADR of JPY 8,659 against JPY 6,070 a year ago.

For the year to date, the company reported RevPAR of JPY 6,532, Occupancy of 80.1% and ADR of JPY 8,154.