Ichigo Hotel REIT Investment Corporation revised earnings guidance for the fiscal 2017. For the fiscal, the company now expects operating revenue of JPY 1,665 million, operating profit of JPY 943 million, recurring profit of JPY 768 million, and net income of JPY 767 million, compared with previous guidance of operating revenue of JPY 1,638 million, operating profit of JPY 909 million, recurring profit of JPY 732 million, and net income of JPY 731 million. The company is revising up its July 2017 earnings forecast taking into consideration market trends and stronger-than-forecast January 2017 operating results. Specifically, rental income at eight of the twelve hotels with variable rents is exceeding the previous forecast, and the replacement of a retail tenant also contributed to an increase in rental income. As a result, operating revenue is forecast to increase by JPY 26 million.