#hotelREIT

Japan Hotel REIT Investment Corporation has entered into an interest rate swap agreement for a term loan of 2,500 million yen with a fixed payment interest rate of 2.06820% from January 30, 2026, to September 30, 2031, raising the fixed interest ratio to approximately 81%.

Operating revenue for the fiscal year ending December 2025 has been revised to JPY 45,564 million (2.0% increase from previous forecast), net income attributable to owners of parent to JPY 27,140 million (4.1% increase), and dividend per unit to JPY 5,060 (4.8% increase). For the fiscal year ending December 2026, operating revenue is forecasted at JPY 44,840 million, net income...

Full renovation work of Hilton Tokyo Odaiba is scheduled from February 2026 to December 2027. Renovation cost is 10.8 billion yen, funded through new borrowing, aiming for a significant increase in ADR.

For December 2025, total revenue for 28 hotels introducing variable rent was 7,160 million yen (YoY +5.1%), with cumulative full-year revenue of 78,114 million yen (YoY +12.1%), showing strong performance.

Japan Hotel REIT Investment Corporation plans to borrow a term loan of 2,500 million yen from Mizuho Bank on January 30, 2026, and refinance the existing loan of 2,526 million yen due on the same day.

Total revenue for the 28 hotels implementing variable rent and other schemes in November 2025 increased by 8.0% year-over-year, with the lodging division's RevPAR rising 8.5% year-over-year, demonstrating strong performance.