InnVest Real Estate Investment Trust
TSX : INN.UN
TSX : INN.DB.A
TSX : INN.DB.B

InnVest Real Estate Investment Trust

December 11, 2008 17:26 ET

InnVest Real Estate Investment Trust receives requisition for special meeting of unitholders

TORONTO, ONTARIO--(Marketwire - Dec. 11, 2008) - InnVest Real Estate Investment Trust ("InnVest" or the "Trust")(TSX:INN.UN) announced today that on December 8, 2008, the Trust received from Royal Host Real Estate Investment Trust ("Royal Host"), a holder of more than 5% of InnVest's Units, a requisition for a special meeting of the unitholders of InnVest. The stated purpose of the special meeting is to consider the removal of the four independent Trustees of Innvest and their replacement by four individuals nominated by Royal Host.

The Board of Trustees will review the requisition from Royal Host and will take such action in response thereto as is required by the Amended and Restated Declaration of Trust and is in the best interests of the Trust and its unitholders.

TRUST PROFILE

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.

Contact Information

  • InnVest Real Estate Investment Trust
    Kenneth Gibson
    President and Chief Executive Officer
    (905) 206-7100
    Fax: (905) 206-7114

    InnVest Real Estate Investment Trust
    Tamara Lawson
    Chief Financial Officer and Corporate Secretary
    (905) 206-7100
    Fax: (905) 206-7114
    Website: www.innvestreit.com