Japan Hotel REIT Investment Corporation has resolved to acquire the property (hereinafter called the Asset for Anticipated Acquisition) on behalf of JHR. Summary of the Assets for Anticipated Acquisition: Name of the Assets for Anticipated Acquisitions: Sotetsu Fresa Inn Shimbashi-Karasumoriguchi; Asset type: Limited-service hotel; Rent type: Fixed rent and Variable rent; Anticipated acquisition price: JPY8,400,000,000. Anticipated acquisition date: March 24, 2023; Collateral: Unsecured.

Features of the Assets for Anticipated Acquisition: The Assets for Anticipated Acquisition is located adjacent to the Site for planned Shimbashi Station West Exit District Urban Redevelopment Project, and the hotel entrance is located in front of a planned 20-meter-wide city planning road that is scheduled to be widened. The entrance area of the Assets for Anticipated Acquisition (116.86 m2 of the current site used for the entrance passageway leading to the hotel reception area from the west side road) is planned to be acquired or expropriated for the widening of the city planning road. Therefore, the building structure on this site is a simple two-story.

In this acquisition, the land of the entrance area will not be acquired, but will be leased for use (loan for use) from the current owner (the site for the building of the Assets for Anticipated Acquisition building is hereinafter referred to as the "Site", the part of the Site subject to the lease for use is hereinafter referred to as the "Site (leased for use)" and the rest of the Site is hereinafter referred to as "the Site (ownership)"). When the city planning road is widened, the building at entrance area will be demolished and the entrance, lobby and reception areas will be modified. Once the widening is completed, entire west side which is around 52 meters long of the Assets for Anticipated Acquisition will face the main roadway of the Shimbashi Station West Exit District Urban Redevelopment Area and will be situated on a corner lot facing northwest.

It is expected to increase its visibility and connectivity. Although the Site (ownership) is not included in the planned site for the city planning road, this may not apply in the event the planned line of the planned city planning road is changed in future based on new actual measurements, etc. Asset to be acquired subject to Forward Commitment, etc." for the arrangements related to the widening of the city planning road.