Japan Hotel REIT Investment Corporation informed that JHR resolved on new borrowing (hereinafter called the "New Loans"). Term Loan 92; Lender: Development Bank of Japan Inc. MUFG Bank Ltd.; Amount: JPY 1,200 million; Interest Rate: Base interest rate + 0.50%; Date of Borrowing: December 22, 2023; Maturity Date: September 29, 2028; Collateral/Method of Principal Repayment: Unsecured/Unguaranteed Lump-sum payment on the maturity date. Term Loan 93; Lender: Sumitomo Mitsui Banking Corporation, Mizuho Bank Ltd., Sumitomo Mitsui Trust Bank, Limited and MUFG Bank Ltd.; Amount: JPY 2,800 million; Interest Rate: Base interest rate + 0.55%; Date of Borrowing: December 22, 2023; Maturity Date: September 28, 2029; Collateral/Method of Principal Repayment: Unsecured/Unguaranteed Lump-sum payment on the maturity date.