Japan Hotel REIT Investment Corporation announced that new borrowing (hereinafter called the "New Loan") for the purpose of refinancing the existing loans. Summary of the New Loan: JHR plans to refinance the existing loans due on January 31, 2024 (hereinafter called the "Loans Scheduled for Repayment"). Details of the New Loan: Name of Loan: Term Loan 94. Lender: Kansai Mirai Bank, Limited and The Hokuriku Bank Ltd. Amount of New Loan: JPY 800 million. Interest Rate: Base interest rate +0.25%. Date of Borrowing: January 31, 2024. Maturity Date: March 29, 2024.Collateral/
Method of Principal Repayment: Unsecured/Unguaranteed Lump-sum payment on the maturity date.