diff --git a/changelog.txt b/changelog.txt
index 3d8548993b..05f4fdf969 100644
--- a/changelog.txt
+++ b/changelog.txt
@@ -3,6 +3,19 @@ Hibernate 5 Changelog
 
 Note: Please refer to JIRA to learn more about each issue.
 
+Changes in 5.5.0.Beta1 (May 12, 2021)
+------------------------------------------------------------------------------------------------------------------------
+
+https://hibernate.atlassian.net/projects/HHH/versions/31938
+
+** Bug
+    * [HHH-14541] - SessionFactoryObserver#sessionFactoryClosing() gets called after the session factory is marked as closed
+    * [HHH-13779] - Schema migrator should use case insensitive column comparison of foreign keys
+
+** Improvement
+    * [HHH-12445] - Discriminator column should be nullable when using @DiscriminatorValue( "null" )
+
+
 Changes in 5.5.0.Alpha1 (April 30, 2021)
 ------------------------------------------------------------------------------------------------------------------------
 
diff --git a/gradle/version.properties b/gradle/version.properties
index 27307e6e59..9277b6240d 100644
--- a/gradle/version.properties
+++ b/gradle/version.properties
@@ -1 +1 @@
-hibernateVersion=5.5.0-SNAPSHOT
\ No newline at end of file
+hibernateVersion=5.5.0.Beta1
\ No newline at end of file