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.
May 24, 2022
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, President & CEO
Contact:
Makoto Hanamura
Director of the Board, Managing Director
Head of Finance and Planning Division
TEL: +81-3-6422-0530
Notice Concerning Unitholder Benefits Program for FY2022
Japan Hotel REIT Investment Corporation (hereinafter called “JHR”) informs you of the details of the Unitholder
Benefits Program for FY2022 (hereinafter called the “Benefits Program”) as follows. Also, please note that wechanged validity period of the Benefits Program to calendar year starting FY2022.

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Details of the Benefits Program(1) Eligible Unitholders
Unitholders who hold ten or more JHR units and whose names are stated and recorded on Unitholders’Registry of JHR as of June 30, 2022 (base date).
The last trading day of the investment units with right to the Benefits Program at the Tokyo Stock Exchangeis scheduled to be June 28, 2022.
(2) Eligible Persons
Coupons can be used by persons other than unitholder.
(3) Details of the Benefits Program
JHR sends 5 discount coupons for hotel accommodation, which offers 10% discount from “best rates,” (thelowest price for unconditional overnight stay without meal on the official websites of each hotel which offers
benefits program) (called as “flexible rates” at Sheraton Grand Hiroshima Hotel) and 5 discount coupons forrestaurant which offers 10% discount from the charged amount (hereinafter called the “ComplimentaryCoupon”).
(4) Date of Dispatch
The Complimentary Coupon will be sent in late September 2022 (scheduled).
(5) Validity Period of Complimentary Coupons
The Complimentary Coupon can be used from January 1, 2023 through December 31, 2023 (*). Someapplicable hotels have blackout dates when Complimentary Coupon cannot be used. As the blackout dates
may be changed without notice, please contact each hotel when you make a reservation. Reservations canbe made upon receipt of the Complimentary Coupon.
*Based on the opinions and requests from unitholders, etc., we have changed the validity period of Benefits
Program as follows.

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Before change（Until Benefits Program for FY2021）

After（After Benefits Program for FY2022）

From October 1 through September 30 of theFrom January 1 through December 31 of the nextyear
following year（Note）
Note: Validity period of Benefits Program for FY2021 has been extended to December 31, 2022.
For details, please refer to “Notice Concerning Extension of Validity Period of Unitholder Benefits Programfor FY2021” dated May 24, 2022.
(6) Applicable Hotels
Hotel (*1)
Kobe Meriken Park Oriental Hotel
Oriental Hotel tokyo bayNamba Oriental Hotel
Hotel Nikko Alivila

Location
Accommodation Restaurant (*2)
Kobe City, Hyogo○○
Urayasu City, Chiba○○
Not applicable
Osaka City, Osaka○
Nakagami-gun,○○Okinawa
Oriental Hotel Hiroshima
Hiroshima City,○○
Hiroshima
Oriental Hotel Okinawa Resort & Spa
Nago City, Okinawa○○
Sheraton Grand Hiroshima Hotel
Hiroshima City,○○
Hiroshima
Oriental Hotel Fukuoka Hakata Station
Fukuoka City,
Not applicable○Fukuoka
Holiday Inn Osaka Namba
Not applicable
Osaka City, Osaka○
Hilton Tokyo Narita Airport
Narita City, Chiba○○International Garden Hotel Narita
Narita City, Chiba○○
Hotel Nikko Nara
Nara City, Nara○○
Hilton Tokyo Odaiba
Minato-ku, Tokyo○○
Hotel Oriental Express Osaka Shinsaibashi
Osaka City, Osaka○
Not applicable
Oriental Hotel Universal City
Osaka City, Osaka○
Not applicable
Oriental Hotel Express Fukuoka Tenjin
Fukuoka City,
Not applicable○Fukuoka
ibis Styles Kyoto Station
Kyoto City, Kyoto○○
ibis Styles Sapporo
Sapporo City,
Not applicable○
Hokkaido
Mercure Sapporo
Sapporo City,○○
Hokkaido
Mercure Okinawa Naha
Naha City, Okinawa○○
Mercure Yokosuka
Yokosuka City,○○Kanagawa(*1) Some hotels are temporary closed in light of the spread of COVID-19. Please see the official websiteof each hotel for the latest information on each hotel.
(*2) Please see websites of JHR for the restaurants eligible for the Benefits Program. Some restaurants
may not offer discounts under the Benefits Program due to temporary closure or other reasons.
Whether each restaurant is eligible for the Benefits Program and types of operation of each restaurant
may change later without notice, please contact each hotel when you use the Benefits Program at therestaurants.
(7) Details and Conditions for Accommodation Use
 The Complimentary Coupon cannot be used when a reservation was made through the official websites ofeach hotel, websites managed by third parties or via travel agents, etc.
 For details of how to make a reservation using the Complimentary Coupon, please check theComplimentary Coupon.
 Please note that reservations may not be taken when guest rooms are fully booked.
 For conditions for accommodation use, such as the number of night that guests can stay by using one
Complimentary Coupon, an accommodation capacity of guest rooms, or blackout dates, please check thewebsites of JHR.
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(8) Details and Conditions for Restaurant Use One Complimentary Coupon is valid for one payment up to four people (children in age of preschool andelementary school are not taken into account. A part of the hotels is excluded.) One Complimentary Coupon can be used for one dining at the restaurant.
 Please note that the Complimentary Coupon may not be taken for certain entertainment, event, some ofthe services or menu items. Please contact each hotel directly for further information.
2.

Personal Information of the Complimentary Coupon Users
The personal information of the coupon users obtained by JHR, its asset management company, and hotel(s)through the Benefits Program will be used for the purpose of the Benefits Program only, and it will not be usedfor other purposes.

3.

Others Please note that rates or conditions of other accommodation plans may be advantageous than those of theComplimentary Coupon depending on the timing of reservations or usage conditions.
 Please note that the Complimentary Coupon will not be reissued when lost or stolen, etc.
 The implementation and the contents, etc. of the Benefits Program are subject to change later.
 The Complementary Coupon is prohibited to be resold to a third party.
 Please note that the hotels eligible for the Benefits Program may change without notice.

4.

Contact Details for Inquiries on the Benefits Program
Asset management company: Japan Hotel REIT Advisors Co., Ltd.
Phone number: +81-3-6422-0530
Reception hours: 9:00 a.m. to 5:00 p.m. on weekdays except for holidays, year-end and New Year holidays, etc.
*Website of Japan Hotel REIT Investment Corporation: https://www.jhrth.co.jp/en/*Details of the Benefits Program:
https://www.jhrth.co.jp/en/individual/stockholder.html

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