March 13, 2009 12:14 ET
InnVest Real Estate Investment Trust announces monthly distribution
TORONTO, ONTARIO--(Marketwire - March 13, 2009) - InnVest Real Estate Investment Trust ("InnVest")(TSX:INN.UN) announced today that a distribution of $0.0625 per unit has been declared to the Unitholders of record as at the close of business March 31, 2009, payable on April 15, 2009.
InnVest REIT holds Canada's largest hotel portfolio together with an interest in Choice Hotels Canada Inc. the largest franchisor of hotels in Canada. The hotel portfolio currently comprises 147 hotel properties, with over 19,000 guest rooms, operated under internationally recognized franchise brands such as Comfort Inn®, Holiday Inn®, Quality Suites/Inn®, Radisson®, Delta®, Travelodge®, Hilton® Staybridge Suites®, Fairmont Hotels®, Sheraton Suites® and Best Western®. InnVest's trust units and outstanding convertible debentures trade on the Toronto Stock Exchange under the symbols INN.UN, INN.DB.A, INN.DB.B and INN.DB.C, respectively.