Hoshino Resorts REIT, Inc. announced the determination of the applicable interest rate of the debt financing (Contract No. 0050-02) announced in "Notice Concerning Debt Financing, Early Repayment of Loan and Interest Rate Swap" dated April 17, 2019 as follows. In addition, HRR also announces that the terms for interest rate swap agreements have been decided and that it has concluded interest rate swap agreements with regard to the debt financing (Contract No. 0049 and Contract No. 0050-01). Lender is MUFG Bank Ltd., amount of the loan is JPY 600,000,000, Interest rate is 0.468%, Scheduled borrowing date is May 31, 2019 and final repayment date is October 31, 2024.