Hoshino Resorts REIT Inc. announces the resolution made at its Board of Directors' Meeting held on April 28, 2023 to conduct borrowing of funds as follows. 1. Details of Loan (planned): Lender: A Loan Syndicate with MUFG Bank Ltd. (as the arranger) Planned Loan amount: JPY 5,740 million. Interest rate: To be determined.

Final repayment date: To be determined Repayment method: Lump-sum repayment at maturity. Lender: MUFG Bank Ltd. Maximum loan amount: JPY 5,740 million. Interest rate Base rate (*) + 0.360%.

Final repayment date: May 31, 2024. Repayment method: Lump-sum repayment at maturity. Reasons for the Loan: The Loan will be made in order to appropriate the acquisition cost (planned acquisition price) of 5,630 million yen and part of related expense including consumption tax and local consumption tax.

The same applies hereinafter. For the acquisition of the "Assets to Be Acquired", announced in the "Notice Concerning Acquisition of Trust Beneficiary Rights in Domestic Real Estate (the b asakusa).