Royal Host Real Estate Investment Trust
TSX : RYL.DB.A
TSX : RYL.UN
TSX : RYL.DB.B
TSX : RYL.DB.C
TSX : RYL.DB.D

Royal Host Real Estate Investment Trust

November 10, 2008 22:14 ET

Royal Host Increases Ownership of Holloway REIT Units

CALGARY, ALBERTA--(Marketwire - Nov. 10, 2008) - Royal Host Real Estate Investment Trust ("Royal Host" or the "Trust") (TSX:RYL.UN)(TSX:RYL.DB.A)(TSX:RYL.DB.B)(TSX:RYL.DB.C)(TSX:RYL.DB.D) today announced that it has acquired ownership of 260,200 trust units of Holloway Lodging Real Estate Investment Trust ("Holloway") at a cost of $1.08 per trust unit, representing approximately 0.67% of the total outstanding units of Holloway and 0.66% of the voting rights attached to all issued and outstanding securities of Holloway.

Immediately after the transaction, Royal Host owns 7,719,000 units of Holloway, representing approximately 19.9% of the total outstanding units of Holloway and 19.7% of the voting rights attached to all issued and outstanding securities of Holloway.

The purchase of the Holloway units by Royal Host was made through the facilities of The Toronto Stock Exchange for investment purposes. Royal Host may, in the future, take such actions in respect of its holdings as it may deem appropriate in light of the circumstances then existing, including the purchase of additional securities of Holloway through open market purchases or privately negotiated transactions, or the sale of all or a portion of its holdings in the open market or in privately negotiated transactions to one or more purchasers.

Royal Host is a uniquely diversified hospitality trust that delivers Unitholder value through hotel ownership, investment, management and franchising. Royal Host's portfolio of Canadian hotels operates under a variety of recognizable brands as well as a number of unbranded properties. The Trust's hotel portfolio is further enhanced by a stable franchising business, a successful hotel management operation, and a portfolio of publicly-traded securities from within the hospitality and service sectors.

Royal Host trust units and convertible debentures are traded on the Toronto Stock Exchange under the trading symbols "RYL.UN", "RYL.DB.A", "RYL.DB.B", "RYL.DB.C" and "RYL.DB.D", respectively.

For more information, or for a copy of the early warning report required to be filed by securities legislation, please contact:



A. Brad Cann, C.A., Executive Vice President and Chief Financial Officer
Royal Host Real Estate Investment Trust
(403) 259-9800 Telephone
(403) 259-8580 Fax
www.royalhost.com


Contact Information

  • Royal Host Real Estate Investment Trust
    A. Brad Cann, C.A.
    Executive Vice President and Chief Financial Officer
    (403) 259-9800
    (403) 259-8580 (FAX)
    Website: www.royalhost.com