Royal Host Inc.

Royal Host Inc.

June 05, 2013 19:20 ET

Royal Host Inc. Announces Appointments to Its Board of Directors

HALIFAX, NOVA SCOTIA--(Marketwired - June 5, 2013) - Royal Host Inc. (the "Company") (TSX:RYL)(TSX:RYL.DB.D)(TSX:RYL.DB.C)(TSX:RYL.DB.B) today announced the appointment of David C. Dingwall and Keith P. Maher to its Board of Directors.

Michael Rapps, Chairman of the Board stated, "We are pleased to welcome Mr. Dingwall and Mr. Maher to the Board of Directors. We believe they will bring fresh perspectives to the Board and positively contribute to the development of Royal Host."

Mr. Dingwall currently serves as Chairman and CEO of Darius Corp., is counsel to the law firm of Affleck Greene McMurtry LLP and is a Distinguished Visiting Professor at the Ted Rogers School of Business at Ryerson University. A former federal Cabinet Minister, Mr. Dingwall has also served as the Corporate CEO of the Royal Canadian Mint.

Mr. Maher is a chartered accountant with over 36 years' experience in public accounting, most recently as a partner in a major international accounting firm. He is a member of the Institute of Chartered Accountants of Nova Scotia and has served as an auditor and advisor to both public and private companies.

Forward-Looking Statements

This press release may contain certain forward-looking statements relating, but not limited to, the Company's operations, anticipated financial performance, business prospects, and strategies. Forward-looking information typically contains statements with words such as "anticipate", "believe", "estimate", "forecast", "intend", "expect", "could", "may", "would", "will", "should", "budgeted", "plan" or other similar terms and expressions suggesting future outcomes. Such forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from further results expressed, projected or implied. Readers are therefore cautioned that the Company's expectations, estimates and assumptions, although considered reasonable, may prove to be incorrect and readers should not place undue reliance on forward-looking statements.

The Company has no intention and undertakes no obligation to update or release any revisions to these forward-looking statements except as expressly required by law.

About Royal Host Inc.

Royal Host Inc. is a diversified hospitality company that delivers shareholder value through hotel ownership, investments and franchising. The Company's hotels, which contain approximately 2739 rooms, are located in five Provinces and Territories across Canada, many operate under internationally recognized brands such as Travelodge ®, Super 8 ®, Holiday Inn ®, Hilton ®, and Ramada ®. 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.

The Company'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 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.

Contact Information

  • Royal Host Inc.
    Michael McFeters
    Chief Financial Officer