Royal Host Inc.

Royal Host Inc.

October 28, 2011 09:02 ET

Royal Host Announces Sale of Hotel

HALIFAX, NOVA SCOTIA--(Marketwire - Oct. 28, 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 that it had completed the previously disclosed sale of the Thriftlodge hotel, located in Lethbridge, Alberta (the "Hotel"). The Company sold the 91-room Hotel, which was unencumbered, for $2.3 million.

Commenting on the transaction, John Carnella, Royal Host's President and Chief Executive Officer said "This is the sixth hotel that we've sold in the last three months. These transactions have helped refine the focus of our portfolio and improve our financial flexibility".

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 3,167 rooms, are located in five Provinces and Territories across Canada. Twenty-three of the Company's hotels operate under internationally recognized brands such as Travelodge®, Super 8®, Holiday Inn®, Hilton®, Ramada® and Country Inns & Suites®. 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 may contain 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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