This English translation is provided for information purposes only. If any discrepancy is identified between thistranslation and the Japanese original, the Japanese original shall prevail.
October 15, 2021
REIT Issuer:
Japan Hotel REIT Investment Corporation (TSE code: 8985)
Kaname Masuda, Executive Director
Asset Management Company:
Japan Hotel REIT Advisors Co., Ltd.
Hisashi Furukawa, Representative Director and President
Contact:
Makoto Hanamura
Director of the Board, Managing Director,
Head of Planning Division
TEL: +81-3-6422-0530

Notice Concerning GRESB Real Estate Assessment Results(Selection for Sector Leader of Overall Asia Hotel Sector)
Japan Hotel REIT Investment Corporation (hereinafter called “JHR”) informs you that JHR has received “Green Star”
in the GRESB Real Estate Assessment conducted in 2021 for the fourth consecutive year, received “4-star” in “GRESB
Rating” by relative evaluation based on Overall Score, and it was also selected for Sector Leader of Overall Asia
Hotel Sector for the first time. Furthermore, this is the second consecutive year that JHR is selected for Sector Leader ofAsia Hotel Sector.

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Results of the Assessment
JHR received a “Green Star” evaluation for the fourth consecutive year by achieving high performance bothin “Management Component” that evaluates policies and organizational structure for ESG promotion, and“Performance Component” that evaluates environmental performance and initiatives with tenants, etc. on
properties owned. Moreover, JHR was selected for Sector Leader of Overall Asia Hotel Sector for the firsttime and this is the second consecutive year that it was selected for Sector Leader of Asia Hotel Sector. “Sector
Leader Designation” is awarded to a Participant who achieved the highest GRESB Overall Score (and those whoare within 1.0 point from the top performer) in each region and property type.
Moreover, JHR received “4-star” in “GRESB Rating” (the highest being 5 stars) by relative evaluation basedon Overall Score, and received “B” in “GRESB Public Disclosure” (the highest being “A”), which evaluates
adequacy of disclosures related to ESG in five-star scale.

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Sustainability initiatives by JHR
Conducting real estate investment management based on consideration for ESG is important to enhanceunitholder value and to further raise the attractiveness of JHR. JHR continues to implement various
initiatives based on “Sustainability Policy” stipulated alongside with Japan Hotel REIT Advisors Co., Ltd.,and we believe that we received this result as these efforts were highly regarded.
Going forward, JHR continues to build sound relationships with our stakeholders and proactively promotes
expansion of various initiatives for sustainability.

(Reference) Overview of the GRESB Real Estate Assessment
GRESB is an annual benchmarking assessment to measure ESG (Environmental, Social and Governance)
integration of real estate companies and funds, as well as the name of organization which runs theassessment. It was founded in 2009 by a group of major European pension funds who played leading roles inlaunching Principles for Responsible Investment (PRI).
The GRESB Real Estate Assessment is distinguished by its comprehensive evaluation of initiatives forsustainability of property companies, REITs and real estate funds, not of individual properties.
For more information about the GRESB, please see the GRESB websites (https://gresb.com/).
* Website of Japan Hotel REIT Investment Corporation: https://www.jhrth.co.jp/en/2