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.
March 27, 2026 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
Notice Concerning Conclusion of Interest Rate Swap Contracts
Japan Hotel REIT Investment Corporation (hereinafter called "JHR") announces that interest rate swap contracts (hereinafter called the "Swap Contracts") for the borrowings (hereinafter called the "New Loans") disclosed in the press release "Notice Concerning New Loans (including Refinancing with Green Loan)" dated March 24, 2026 has been concluded as follows.
Details of Interest Rate Swap Contracts
Interest Rate Swap Contract for Term Loan 131
Counterparty
MUFG Bank, Ltd.
Notional Principal
JPY4,100MM
Interest Rate
Fixed interest rate to pay: 2.25175%
Variable interest rate to receive: JBA 1-month Japanese Yen TIBOR
Contract Term
March 31, 2026 through March 31, 2031
Interest Rate Swap Date
The first interest rate swap date shall be April 30, 2026, with subsequent exchanges on the last day of each month and the contract expiration date (or the immediately preceding business day if that day is not a business day).
Counterparty
MUFG Bank, Ltd.
Notional Principal
JPY10,900MM
Interest Rate
Fixed interest rate to pay: 2.43875%
Variable interest rate to receive: JBA 1-month Japanese Yen TIBOR
Contract Term
March 31, 2026 through March 31, 2033
Interest Rate Swap Date
The first interest rate swap date shall be April 30, 2026, with subsequent exchanges on the last day of each month and the contract expiration date (or the immediately preceding business day if that day is not a business day).
The interest rate for Term Loan 131 will be effectively fixed at 2.65175%. Interest Rate Swap Contract for Term Loan 132
The interest rate for Term Loan 132 will be effectively fixed at 2.93875%.
The fixed interest rate ratio to the total interest-bearing debts is expected to be around 78% after the conclusion of the Swap Contract.
Others
There are no material changes to the risks related to the New Loans from those described under "Investment Risks" in the securities report submitted on March 24, 2026.
* Website of Japan Hotel REIT Investment Corporation: https://www.jhrth.co.jp/en/