Royal Host Real Estate Investment Trust

Royal Host Real Estate Investment Trust

June 08, 2005 18:49 ET

Royal Host Appoints Chief Financial Officer

CALGARY, ALBERTA--(CCNMatthews - June 8, 2005) - Royal Host Real Estate Investment Trust (TSX:RYL.UN) (TSX:RYL.DB) (TSX:RYL.DB.A) ("Royal Host") today announced that it has appointed Mr. Wayne King as its new Chief Financial Officer, effective June 13, 2005.

Mr. King is a Chartered Accountant with a Bachelor of Commerce degree in Accounting, and brings over 24 years of financial, management and public market expertise to Royal Host. He has extensive experience with both public and privately-held corporations in the capacity as Chief Financial Officer and as a key member of the senior management team of a number of successful growth companies, most recently with BA Energy Inc. As the former Executive Vice President and Chief Financial Officer of Viking Energy Royalty Trust for 7 years, Mr. King continued to develop significant expertise relevant to the investment banking community and the financial trust markets.

"We are extremely pleased that Wayne is joining our team," said Greg Royer, President and Chief Executive Officer of Royal Host. "His solid financial background and respected leadership skills will play an important role in our strategic growth initiatives," added Royer.

Royal Host owns 37 hotels, manages 118 properties and franchises 120 locations for over 18,000 guestrooms in the mid-market to upscale segments. It also owns the master franchise rights for Travelodge in Canada and provides hotel and resort management services for its portfolio and to third party owned properties.

Royal Host is committed to creating stable and repeatable earnings through high quality assets, efficient operations and exceptional people. Through strategic management, growth of its assets and ongoing training, communication and teamwork, it will continue to achieve ongoing improvements to its bottom line results. Royal Host units and convertible debentures are traded on the Toronto Stock Exchange under the trading symbols "RYL.UN", "RYL.DB" and RYL.DB.A", 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.

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