Japan Hotel REIT Investment Corporation announced that Term Loan 53: Lenders are The Bank of Fukuoka Ltd. /The Chiba Bank Ltd. /THE NISHI-NIPPON CITY BANK, LTD. /Sompo Japan Nipponkoa Insurance Inc. Amount of the new loan is JPY 2,500 million (planned). Interest Rate is To be determined (fixed rate). Date of borrowing is April 8, 2019 (scheduled). Method borrowing Individual loan contracts to be concluded on March 11, 2019 with the lenders indicated above based on the Basic Agreement concluded on November 13, 2013 (including subsequent amendments). Interest Payment Date is The first interest payment date is September 30, 2019. Subsequent interest payment dates shall be at the end of March and September of each year (if the payment date is not a business day, it shall be paid on the preceding business day) and on the maturity date. Method of Principal Repayment is Lump-sum repayment on the maturity date. Maturity Date is March 29, 2024 (Loan term: approximately 5 years). Collateral Unsecured /Unguaranteed. Name of Loan is Term Loan 54. Lenders are Sumitomo Mitsui Banking Corporation /Shinsei Bank, Limited /Mizuho Bank Ltd. /Sumitomo Mitsui Trust Bank, Limited /Development Bank of Japan Inc. Amount of the New Loan is JPY 7,500 Million (planned). Interest Rate Base interest rate (JBA Japanese Yen TIBOR for one month) + 0.55% (*2) (*3) (*4). Date of Borrowing is April 8, 2019 (scheduled). Method of Borrowing is Individual loan contracts to be concluded on March 11, 2019 with the lenders indicated above based on the Basic Agreement concluded on November 13, 2013 (including subsequent amendments). Interest Payment Date is The first interest payment date is April 30, 2019 (if the payment date is not a business day, it shall be paid on the preceding business day). Subsequent interest payment dates shall be at the end of each month (if the payment date is not a business day, it shall be paid on the preceding business day) and on the maturity date. Method of Principal Repayment is Lump-sum repayment on the maturity date. Maturity Date is March 31, 2027 (Loan term: approximately 8 years). Collateral Unsecured /Unguaranteed. Name of Loan is Term Loan 55 Lenders are Sumitomo Mitsui Banking Corporation /Shinsei Bank, Limited /Mizuho Bank Ltd. /Sumitomo Mitsui Trust Bank, Limited /Resona Bank, Limited /The Nomura Trust and Banking Co. Ltd. /Development Bank of Japan Inc. /The Bank of Fukuoka Ltd. /Aozora Bank Ltd. /THE NISHI-NIPPON CITY BANK, LTD. Amount of the new loan is JPY 18,000 Million (planned). Interest Rate is Base interest rate (JBA Japanese Yen TIBOR for one month) + 0.60%. Date of April 8, 2019 (scheduled). Method borrowing of Individual loan contracts to be concluded on March 11, 2019 with the lenders indicated above based on the Basic Agreement concluded on November 13, 2013 (including subsequent amendments). Interest Payment Date is The first interest payment date is April 30, 2019 (if the payment date is not a business day, it shall be paid on the preceding business day). Subsequent interest payment dates shall be at the end of each month (if the payment date is not a business day, it shall be paid on the preceding business day) and on the maturity date. Method of Principal Repayment is Lump-sum repayment on the maturity date. Maturity Date is March 31, 2028 (Loan term: approximately 9 years). Collateral Unsecured /Unguaranteed. Name of Loan is Term Loan 56. Lender is Sumitomo Mitsui Banking Corporation. Amount of the new loan is JPY 2,000 million. Interest Rate is Base interest rate (JBA Japanese Yen TIBOR for one month) + 0.275%. Date of Borrowing is April 8, 2019 (scheduled). Method of Borrowing is An individual loan contract to be concluded on March 11, 2019 with the lender indicated above based on the Basic Agreement concluded on November 13, 2013 (including subsequent amendments). Interest Payment Date is The first interest payment date is April 30, 2019. Method of Principal Repayment is Lump-sum repayment on the maturity date. Maturity Date is March 31, 2020 (Loan term: approximately 1 year). Collateral Unsecured /Unguaranteed.