Executive Inn Group Corporation
TSX VENTURE : EIG

Executive Inn Group Corporation

October 14, 2005 18:00 ET

Executive Inn Group Corporation to Purchase 1/3 Interest in Executive Pacific Plaza Hotel

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 14, 2005) - Executive Inn Group Corporation (the "Company") (TSX VENTURE:EIG) announced today that it has entered into an agreement with a corporation ("EMI"), controlled by the president and majority shareholder of the Company, to purchase a 1/3 interest in Executive Hotel Seattle LLC ("Executive Hotel"). The Company is purchasing its interest for $2.5 million (U.S.) plus carrying costs in order to reimburse EMI for the amount which it paid to acquire the 1/3 interest in July of this year.

Executive Hotel owns the 155 room Executive Pacific Plaza Hotel, located in Seattle, Washington, which the Company operates pursuant to a long term management contract.

About the Executive Pacific Plaza Hotel

Built in 1928, the Executive Pacific Plaza is located in the hotel district of Seattle. The hotel is close to key cultural, retail, and business centres and within walking distance of all of Seattle's main attractions. Executive Hotel is currently investing $1.5 million (U.S.) in the hotel in order to restore and modernize its in-room facilities.

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