Royal Host Real Estate Investment Trust

Royal Host Real Estate Investment Trust

April 17, 2009 08:14 ET

Royal Host REIT Announces Monthly Distribution of $0.055 to Unitholders and First Quarter Results Release Date

CALGARY, ALBERTA--(Marketwire - April 17, 2009) - 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) has declared a distribution of $0.055 per unit, payable May 18, 2009, to Unitholders of record on April 30, 2009. This distribution is the 138th consecutive monthly distribution to Unitholders and brings the total funds distributed to $9.36 per unit since Royal Host's inception.

Royal Host also announced that the Trust will release its first quarter results on May 12, 2009 and will host an investor conference call on Wednesday, May 13, 2009 at 11:00 a.m. Eastern Time.

Investors and analysts are invited to access the call by dialing 1-416-642-5213 or 1-866-321-8231 and provide confirmation code 3238642. You will be required to identify yourself and the organization you are representing, or, alternatively, whether you are a private investor. A recording of this call will be available from May 13 to May 20, 2009. To access this recording please dial 1-647-436-0148 or 1-888-203-1112 and provide the replay password 3238642. Alternatively, a copy of the audio webcast will also be available on our website after May 15, 2009.

In addition, Royal Host intends to refile its 2008 Management's Discussion and Analysis ("MD&A") and Annual Information Form ("AIF") to: (i) correct the following errors in the MD&A: in the "Continuing Operations" table on page 6, ADR for the three months ended December 31, 2007 should read $95.63; in the "Atlantic" table on page 8, RevPAR and ADR change for the three months ended December 31, 2008 should read (4.1%) and 13.3%, respectively; and RevPAR change for the year ended December 31, 2008 should read (1.2%); and (ii) reflect the fact that Mr. Vrege Armoyan is no longer a Trustee or member of the Audit Committee of Royal Host. Copies of the MD&A and AIF, as revised, may be accessed at or on the Trust's website at

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 portfolio of publicly-traded securities from within the hospitality and service sectors, a stable franchising business and a successful hotel management operation.

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.

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