Royal Host Inc.

July 14, 2011 17:40 ET

Royal Host Inc. Refinances $25 Million Operating Facility

HALIFAX, NOVA SCOTIA--(Marketwire - July 14, 2011) - Royal Host Inc. (TSX:RYL) (TSX:RYL.DB.B) (TSX:RYL.DB.C) (TSX:RYL.DB.D) ("Royal Host") today announced that it has completed the refinancing of its current $25 Million one-year demand facility to a $25 Million three-year committed facility (the "Facility") with HSBC Bank Canada. The Facility will continue to be secured by mortgages on certain Royal Host properties and will be available for general corporate purposes.

John Carnella, Royal Host's President and CEO, commented "We are pleased to have completed this refinancing. By extending the term of the facility to July 2014, we have improved our maturity profile and created additional capacity with which to operate our business."

About Royal Host

Royal Host is a uniquely diversified hospitality company that delivers shareholder value through hotel ownership, investment, and franchising. Royal Host's portfolio of Canadian hotels includes properties operated under a variety of recognizable brands as well as a number of independent hotels. The company's hotel portfolio is further enhanced by a stable franchising business.

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.

Contact Information