This English translation is provided for information purposes only. If any discrepancy is identified between this translation and the Japanese original, the Japanese original shall prevail.

October 5, 2016

REIT Issuer:

Japan Hotel REIT Investment Corporation (TSE code: 8985) Kaname Masuda, Executive Director

Asset Management Company:

Japan Hotel REIT Advisors Co., Ltd.

Hisashi Furukawa, Representative Director and President Contact:

Makoto Hanamura General Manager

Investor Relations Department, Operations Division TEL: +81-3-6422-0530

Notice Concerning Change in Credit Rating

Japan Hotel REIT Investment Corporation (hereinafter called "JHR") informs you that Rating and Investment Information, Inc. (hereinafter called "R&I"), which JHR receives a rating from, publicly announced today that it would change JHR's rating as follows.

１. Details of the Change

Name

Before

After

Issuer Rating

A-

A

(Rating Outlook)

(Positive)

(Stable)

Name

Before

After

Second unsecured investment

corporation bonds

A-

Ａ

Third unsecured investment

corporation bonds

A-

Ａ

*For details, please refer to R&I News Release and R&I website. Website of R&I : https://www.r-i.co.jp/eng/

* Website of Japan Hotel REIT Investment Corporation: http://www.jhrth.co.jp/en/

1

Japan Hotel REIT Investment Corporation published this content on 05 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 October 2016 07:29:01 UTC.

Original documenthttp://www.jhrth.co.jp/site/file/tmp-7PZy2.pdf

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