Tokyu Livable to Collaborate with Hotel Investment Consulting Firms, Horwath HTL and HTL Capital Advisors

  Tokyu Livable to Collaborate with Hotel Investment Consulting Firms, Horwath
  HTL and HTL Capital Advisors

 In response to the needs of domestic and overseas investors for operational
                        asset investment opportunities

Business Wire

TOKYO -- September 4, 2013

Tokyu Livable, Inc. (TOKYO:8879)(‘TLI’) is pleased to announce that it has
reached an agreement with Horwath HTL - Japan (“HHTL”) and HTL Capital
Advisors LLC (“HCA”) to collaborate on the provision of services related to
hotel asset transactions.

With this agreement, TLI will expand its business opportunities related to
operational assets, particularly hotels, which have recently been attracting
investors as a new investment target in the real estate market.

Handling of these assets requires much more professional expertise and a
greater global network, due to the fluctuation of daily cash flows. HHTL and
HCA are working in parallel, developing their hotel investment consulting
business globally, and by collaborating with these companies, TLI aims to
expand its brokerage business in Japan’s hotel investment market for both
domestic and overseas investors.

TLI has already set up special teams in its Business Solutions Head Office
dedicated to particular asset types, such as hotels, logistics properties,
senior housing, retail properties, etc., to strengthen its expertise in
providing real estate market business solutions. In addition, TLI established
the Global Business Development Unit (“GBD”) in the Business Solutions Head
Office, to expand its overseas related businesses, providing information and
investment services related to real estate investment in Japan, mainly for
English speaking investors. TLI completed the brokerage of the Sheraton Grande
Tokyo Bay Hotel (Urayasu City, Chiba Prefecture) for a large US fund in July
2013.

TLI will continue to adapt to the changing real estate market situation and
provide superior services for domestic and overseas investors.

The details of the collaboration are as follows;

About Horwath HTL

Horwath HTL - Japan is a member of the Horwath HTL, the world’s largest
hospitality industry specialized consulting network, with 50 offices across
the globe in 39 countries. Horwath HTL offers a broad range of advisory
solutions covering the hotel product cycle, from planning and development, to
asset management and transactional advisory services. Clients, range from
individually held businesses to the world’s most prominent hotel companies,
developers, financial institutions, investment funds. In the Asia Pacific
region HHTL offices are located in Tokyo, Beijing, Shanghai, Hong Kong,
Singapore, Jakarta, Kuala Lumpur, Bangkok, Mumbai, Sydney and Auckland.

About HCA

HTL Capital Advisors LLC is an independent advisory company for hotel and
related assets in terms of trading, financing and hotel asset management,
established in 2008 by principals of HHTL and others.

Main role of each company

TLI, HHTL and HCA will co-operate with each other and cover the following
roles respectively, in relation to properties, particularly hotels, in order
to expand business opportunities for each company.

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Contact:

Tokyu Livable, Inc.
Tomiji Hasegawa, +81-3-5293-1864
Business Solutions Head Office, Global Business Development unit (GBD)
tomiji-hasegawa@ma.livable.jp
http://www.livable.biz/english/