Royal Host Real Estate Investment Trust

Royal Host Real Estate Investment Trust

December 24, 2009 09:00 ET

Royal Host REIT Announces New President and CEO

CALGARY, ALBERTA--(Marketwire - Dec. 24, 2009) - Royal Host Real Estate Investment Trust (the "Trust" or "Royal Host") (TSX:RYL.UN) (TSX:RYL.DB.B) (TSX:RYL.DB.C) (TSX:RYL.DB.D) is pleased to announce the appointment of Laurie Etkin as President and CEO, effective January 18, 2010. Mr. Etkin has nineteen years of senior management experience with increasing responsibilities in the areas of hotel management and licensing, finance, real estate development, long-term strategic business and policy planning and employee relations. Mr. Etkin also has nine years of previous legal experience in the areas of corporate and commercial law, securities law and both civil and commercial litigation. The trustees look forward to working with Mr. Etkin and having his skill and experience guide the management team and the REIT to success in the coming years.

Royal Host is a diversified hospitality trust that delivers Unitholder value through hotel ownership, investment, management and franchising. It is Canada's second largest hotel real estate investment trust.

As at June 30, 2009, Royal Host owns a diversified portfolio of 31 operating hotels, comprising approximately 3,670 guest rooms. The portfolio includes limited and full service hotels in the mid-market and economy hospitality segments, and is well represented throughout Canada operating under recognizable brands, as well as a number of unbranded properties.

Royal Host also maintains an investment portfolio of publicly-traded securities focused on the hospitality and service sectors, which allows the Trust to readjust the balance of resources dedicated to direct hotel ownership and indirect investments.

Royal Host also owns the master franchise rights for Travelodge® and Thriftlodge® in Canada and currently franchises approximately 99 locations, 13 of which are owned by the Trust. Royal Host receives a stable stream of revenue through monthly royalty fees paid by licensed hotel owners and by selling franchise licenses, which enhances the overall diversity of Royal Host's income stream.

Contact Information