Japan Hotel REIT Investment Corporation
Notice Regarding New Borrowing of Funds
Japan Hotel REIT Investment Corporation plans to execute new borrowings totaling 65,000 million yen on March 13, 2026, as part of the funding for the acquisition of the Hyatt Regency Tokyo.
Key Figures
- Total New Borrowings: 65,000 million yen (Scheduled for execution on March 13, 2026)
- Borrowing Interest Rate: Base rate + 0.250% to 0.400% (Term Loan 127 effectively fixed rate)
- Total Interest-Bearing Debt After Borrowing: 334,355 million yen (Increase from 269,355 million yen before execution)
AI要約
Overview of the Borrowing
Japan Hotel REIT Investment Corporation has decided on new borrowings totaling 65,000 million yen as part of the acquisition funds for the trust beneficiary rights and related movable assets of the Hyatt Regency Tokyo. The borrowings will be arranged as term loans from multiple financial institutions, with the expected execution date of March 13, 2026. The loans are unsecured and unguaranteed, with lump-sum repayment at maturity. The interest rate will be set at the base rate plus 0.250% to 0.400%, and for Term Loan 129, a fixed rate is planned through an interest rate swap agreement.
Post-Borrowing Financial Position and Outlook
As a result of this borrowing, the total interest-bearing debt will increase by 65,000 million yen from 269,355 million yen before execution to 334,355 million yen. The fixed interest rate ratio after borrowing is expected to be approximately 74.9%. The post-borrowing market value LTV is projected to be 36.0%, maintaining sound financial health. For future operational forecasts, please refer to the separately issued "Notice Regarding Revision of Operational Forecast for the Fiscal Year Ending December 2026 (27th Term)".
