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.

October 17, 2016

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 General Manager

Investor Relations Department, Operations Division TEL: +81-3-6422-0530

Notice Concerning Change in Credit Rating

Japan Hotel REIT Investment Corporation (hereinafter called "JHR") informs you that Japan Credit Rating Agency, Ltd. (hereinafter called "JCR"), which JHR receives a rating from, publicly announced today that it would change JHR's rating as follows.

１. Details of the Change

Name

Before

After

Long-term Issuer Rating

A

A+

Rating Outlook

(Positive)

(Stable)

Name

Before

After

Second unsecured investment

corporation bonds

A

A+

Third unsecured investment corporation bonds

A

A+

Fourth unsecured investment corporation bonds

A

A+

Fifth unsecured investment corporation bonds

A

A+

Sixth unsecured investment corporation bonds

A

A+

*For details, please refer to JCR News Release and JCR website. Website of JCR: https://www.jcr.co.jp/en/

* Website of Japan Hotel REIT Investment Corporation: http://www.jhrth.co.jp/en/

1

Japan Hotel REIT Investment Corporation published this content on 17 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 October 2016 06:58:07 UTC.

Original documenthttp://www.jhrth.co.jp/site/file/tmp-GjVjw.pdf

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