Japan Hotel Reit Investment CorporationTSE: 8985

Announcement of Monthly Disclosure for June 2025

· Issued by Japan Hotel REIT Investment Corporation

This English translation is provided for information purposes only. If any discrepancy is identified between this translation and the Japanese original, the Japanese original shall prevail.

July 25, 2025

REIT Issuer:

Japan Hotel REIT Investment Corporation (TSE code: 8985) Kaname Masuda, Executive Director

Asset Management Company:

Japan Hotel REIT Advisors Co., Ltd. Hiroyuki Aoki, President & CEO Contact:

Noboru Itabashi

Director of the Board, Managing Director Head of Corporate Division

TEL: +81-3-6422-0530

‌Announcement of Monthly Disclosure for June 2025

With respect to the business performance of the hotels owned by Japan Hotel REIT Investment Corporation (hereinafter called “JHR”) for June 2025, JHR informs you of the operating results of the 28 Hotels with Variable Rent, etc. (Note 1) including the monthly revenues (Note 2), occupancy rates, ADR, and RevPAR of the rooms department as below.

For each hotel’s track record of hotel operations, please check JHR’s website (Note 3).

JHR continues to announce monthly disclosure of hotels from which JHR receives variable rent or income from management contracts and whose lessees, etc., have agreed with the monthly disclosure.

Hotel/Item

June

Fluctuation vs same month in 2024

(Note 10)

Percentage change

vs same month in 2024

Cumulative total

(Note 11)

Fluctuation of cumulative total vs 2024

(Note 12)

Percentage change of cumulative total vs 2024

Total of

the 28 Hotels with Variable Rent, etc.

Occupancy rate

83.9%

1.1%

1.3%

85.2%

4.1%

5.1%

ADR (JPY)

18,733

1,395

8.0%

20,062

2,048

11.4%

RevPAR (JPY)

15,719

1,364

9.5%

17,087

2,487

17.0%

Revenues (JPY MM)

5,765

426

8.0%

36,187

4,799

15.3%

Rooms Dept.

3,646

320

9.6%

23,914

3,391

16.5%

F&B Dept.

1,899

85

4.7%

10,964

1,299

13.4%

Other Dept.

221

21

10.4%

1,310

108

9.0%

The June 2025 results for the 28 Hotels with Variable Rent, etc. owned by JHR:

The rooms department continued to capture domestic and international leisure demand at high unit prices. As a result, RevPAR grew by 9.5% year-on-year this month.

The overall revenues of the food and beverage department increased by 4.7% year-on-year, driven by steady performance in banquets and restaurants.

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(Note 1)

The 28 Hotels with Variable Rent, etc., refer to the following 28 hotels: Kobe Meriken Park Oriental Hotel

Oriental Hotel Tokyo Bay Namba Oriental Hotel Hotel Nikko Alivila Oriental Hotel Hiroshima

Oriental Hotel Universal City Oriental Hotel Okinawa Resort & Spa

ACTIVE-INTER CITY HIROSHIMA (Sheraton Grand Hiroshima Hotel) Oriental Hotel Fukuoka Hakata Station

Holiday Inn Osaka Namba

Hotel Oriental Express Fukuoka Tenjin Hilton Tokyo Narita Airport International Garden Hotel Narita Hotel Nikko Nara

Hotel Oriental Express Osaka Shinsaibashi Hilton Tokyo Odaiba

Oriental Hotel Kyoto Rokujo

Hotel Oriental Express Fukuoka Nakasukawabata Hotel JAL City Kannai Yokohama

ibis Styles Kyoto Station ibis Styles Sapporo Mercure Sapporo Mercure Okinawa Naha Mercure Yokosuka

the b suidobashi the b ikebukuro the b hachioji

the b hakata

(Note 2)

The revenues from “Other Departments” include tenant sales and merchandise sales, etc.

(Note 3)

Please check JHR’s website below for each hotel’s track record of hotel operations.

https://www.jhrth.co.jp/en/portfolio/review.html

(Note 4)

The figures and comments above have been prepared based on information the asset management company had obtained from the lessees, etc., and are only provided as a reference of general trends.

(Note 5)

The figures for each month and information shown in the comments have not been audited, nor have they been subject to the independent verification of the asset management company. Therefore, no guarantee is made as to the accuracy or completeness of the numbers and information. Also, the revenues for each month and the total of each month may be different from the total revenues for the six-month or full-year periods stated in the annual securities report, etc., to be

submitted later.

(Note 6)

The occupancy rate refers to the number of rooms sold during the period divided by the number of rooms available during

the same period.

(Note 7)

ADR refers to the average guest room unit sales price (Average Daily Rate), which is calculated by dividing total room revenues (including service charges) for a given period by the total number of guest rooms sold for the same period.

(Note 8)

RevPAR represents Revenue Per Available Room, which is calculated by dividing total room revenues (including service

charges) for a given period by the total number of guest rooms available for revenues during the same period.

(Note 9)

The occupancy rate is rounded off to the first decimal place. ADR and RevPAR are rounded off to the nearest whole number. Revenues are rounded off to the nearest million yen.

(Note 10)

Fluctuation compared to the same month in 2024 means the fluctuation between the month subject to disclosure in this

notice and the same month of 2024.

(Note 11)

The cumulative total is the aggregate total from the beginning of the fiscal year (January) to the month subject to disclosure in this notice.

(Note 12)

The percentage change of cumulative total compared to 2024 means the fluctuation between the cumulative total from the beginning of the fiscal year (January) to the month subject to disclosure in this notice and the cumulative total from the

beginning of 2024 (January) to the same month in 2024.

*Website of Japan Hotel REIT Investment Corporation: https://www.jhrth.co.jp/en/