Royal Host Inc.

August 08, 2011 19:27 ET

Royal Host Announces Appointment of Chief Operating Officer

HALIFAX, NOVA SCOTIA--(Marketwire - Aug. 8, 2011) - Royal Host Inc. (TSX:RYL) (TSX:RYL.DB.B) (TSX:RYL.DB.C) (TSX:RYL.DB.D) – ("Royal Host" or the "Company") announced the appointment of Michael Bobbitt as Senior Vice President of Asset Management and Chief Operating Officer, effective August 8, 2011. John Carnella, Royal Host's President & CEO commented, "We are pleased to announce the hiring of Michael Bobbitt as our Senior Vice President of Asset Management and Chief Operating Officer. During his over twenty-year career in lodging, Michael has held a series of progressive positions both at the hotel level, in hotel sales and as a hotel general manager and at the corporate level, most recently as a regional Vice President with portfolio responsibilities. Michael is a seasoned leader with a deep understanding of hotel operations and, as such, he is well-suited for this role. I look forward to welcoming him to our team."

In conjunction with Mr. Bobbitt's appointment, the Board of Directors has approved the issuance of 47,827 options to purchase Royal Host common shares to Mr. Bobbitt at an Option Price of $1.25 per common share, the other terms and conditions of which will be in accordance with Royal Host's Incentive Stock Option Plan.

About Royal Host

Royal Host is a diversified hospitality company that delivers shareholder value through hotel ownership, investment and franchising. Twenty-five of the Company's hotels operate under recognizable brands. Two of the Company's hotels are unbranded. The Company's holdings are further enhanced by a stable franchising business and units that it owns in a publicly-traded hospitality trust.

Royal Host's common shares and convertible debentures are traded on the Toronto Stock Exchange under the trading symbols "RYL", "RYL.DB.B", "RYL.DB.C" and "RYL.DB.D" respectively.

This press release contains certain forward-looking statements relating, but not limited to, Royal Host's operations, anticipated financial performance, business prospects, and strategies. Forward-looking information typically contains statements with words such as "anticipate", "believe", "expect", "plan", or similar words suggesting future outcomes. Such forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such factors include, but are not limited to, economic, competitive, and lodging industry conditions. Royal Host disclaims any responsibility to update any such forward-looking statements except as required by Law.

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