Royal Host Real Estate Investment Trust

Royal Host Real Estate Investment Trust

October 06, 2005 17:57 ET

Royal Host Real Estate Investment Trust Announces 6.00% Convertible Debentures Offering Increased to $60 Million

CALGARY, ALBERTA--(CCNMatthews - Oct. 6, 2005) - Royal Host Real Estate Investment Trust (TSX:RYL.UN)(TSX:RYL.DB)(TSX:RYL.DB.A) ("Royal Host") announces that the underwriters of its offering of 6.00% Convertible Unsecured Subordinated Debentures (the "Debentures") have exercised their option to purchase an additional 10,000 Debentures on the same terms and conditions as previously announced bringing the total Debentures to be issued by Royal Host to $60 million. The closing of this offering is expected to occur on October 20, 2005.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Royal Host REIT owns 37 hotels, manages 117 properties and franchises 120 locations representing 18,000 guestrooms in the mid-market to upscale segments. Royal Host 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 and growth of its assets, and ongoing training, communication and teamwork, it is committed to achieving 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.

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