MORI TRUST Hotel Reit, Inc. ("MORI TRUST Hotel Reit") hereby announces the following change of Executive Director of MORI TRUST Hotel Reit. Moreover, MORI TRUST Asset Management Co. Ltd. (the "Asset Management Company"), the asset management company that manages assets on behalf of MORI TRUST Hotel Reit, hereby announces the resolution made at a meeting of its Board of Directors held to propose to its shareholders a change of Directors at the Asset Management Company as an agenda item at the General Meeting of Shareholders in accordance with Article 319, Paragraph 1 of the Companies Act as described below.

After being appointed Director at the General Meeting of Shareholders mentioned above, Nobuyuki Aizawa, the candidate for Director, is scheduled to be proposed as a candidate for Representative Director at a meeting of the Asset Management Company's Board of Directors scheduled to be held on November 1, 2022. 1. Change of Executive Director at MORI TRUST Hotel Reit. MORI TRUST Hotel Reit's Executive Director Amane Sakamoto indicated his intent to resign from the post of Executive Director as of October 31, 2022.

In accordance with his resignation, Nobuyuki Aizawa, the substitute Executive Director, is scheduled to assume the post of Executive Director as of November 1, 2022. (1) Executive Officer to Be Newly Appointed (as of November 1, 2022), Executive Officer: Nobuyuki Aizawa * For the career summary of the Executive Director to be newly appointed, please refer to the attachment. * Nobuyuki Aizawa was appointed as a substitute Executive Director at the 4th General Meeting of Unitholders of MORI TRUST Hotel Reit held on May 27, 2021.

He will also serve as Representative Director, Chief Operating Officer (COO), and Head of Hotel REIT Management Division, and General Manager, Strategic Management Department, Hotel REIT Management Division, and General Manager, Planning and Finance Department at the Asset Management Company. The status of Directors after the Change is as shown in (3) below. (1) Directors to Be Newly Appointed (as of November 1, 2022) Director: Nobuyuki Aizawa (To be selected as Representative Director, Chief Operating Officer (COO) at a meeting of the Board of Directors to be held on the same day) Director: Hiroshi Naito (2) Director Scheduled to Resign (as of October 31, 2022) Representative Director, Chief Operating Officer (COO): Amane Sakamoto.