Royal Host Inc.

September 07, 2011 09:30 ET

Royal Host Announces Guidance for Fiscal 2011

HALIFAX, NOVA SCOTIA--(Marketwire - Sept. 7, 2011) - Royal Host Inc. (TSX:RYL) (TSX:RYL.DB.B) (TSX:RYL.DB.C) (TSX:RYL.DB.D) – ("Royal Host" or the "Company") today announced guidance for fiscal 2011. Following the sale of four hotels in July and August 2011, the particulars of which were announced in news releases dated July 4th and August 4th (the "Hotel Sales"), Royal Host provides the following estimates of its consolidated results to inform investors as to the potential impact of the Hotel Sales on certain performance measures. These estimates have been prepared as at September 7, 2011 and are for the 12 month period ending December 31, 2011. The figures are not pro-forma for the entire financial year and do not qualify as Future Oriented Financial Information (FOFI) as defined by the Canadian Institute of Chartered Accountants (CICA) nor as defined under the Canadian Securities Administrators' (CSA) National Instrument 51-102. Actual results may vary due to a number of factors, as discussed below.

Estimated results for 12 months ending December 31, 2011
$15.0 - $16.0 Million +3.0% to 4.0% $2.5 - $3.5 Million ($0.5) - $0 Million

To the extent that these estimates may need to be adjusted as a result of future performance or additional information which materially affects these estimates, Royal Host will update this guidance in future Management Discussion and Analysis (MD&A) and will include any such update on the Company's website.

About Royal Host

Royal Host is a diversified hospitality company that delivers shareholder value through hotel ownership, investment and franchising. The Company's hotels, which contain 3,417 rooms, are located in four Provinces and Territories across Canada. Twenty-five of the Company's hotels operate under internationally recognized brands such as Travelodge®, Super 8®, Holiday Inn®, Hilton®, Ramada®, Best Western®, Country Inns & Suites® and Thriftlodge®. Two of the Company's hotels are unbranded. In addition to its real estate holdings, the Company owns and operates the Travelodge Canada franchise business which is currently comprised of over 90 hotels across nine Provinces and Territories.

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.

This press release contains registered trademarks that are the exclusive property of their respective owners. None of the owners of these trademarks has any responsibility or liability for any information contained in this press release.

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