NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  ROYAL HOST REAL ESTATE INVESTMENT TRUST

TSX SYMBOL:  RYL.UN

DECEMBER 16, 2002 - 13:38 EST

Royal Host REIT Revises Announcement for December
Distribution of $0.06 to Unitholders

CALGARY, ALBERTA--Royal Host Real Estate Investment Trust (REIT)
has revised its press release of Friday, December 13, 2002 to correct the
 distribution and record dates included in the announcement.  
Royal Host has declared its December 2002 distribution of $0.06 
per unit payable January 31, 2003 to Unitholders of record as of 
January 15, 2003.  This distribution is the 62nd consecutive 
monthly distribution to the Unitholders and brings the total 
funds distributed by Royal Host to $4.76 per unit since 
inception. 

Royal Host REIT owns 38 hotels, manages 76 properties and 
franchises 121 locations for over 15,000 guestrooms in the 
mid-market to upscale segments.  Royal Host owns the master 
franchise rights for both the Travelodge and Country Hearth Inns 
brands in Canada. Royal Host also provides hotel and resort 
management services for the portfolio and to third party 
properties, markets vacation intervals in hotels, resorts, and 
operates a facility for customers to trade and bank prepaid 
vacation weeks.   

Royal Host's objective is to maximize earnings while balancing 
risk for its unitholders through efficient operations, strong 
marketing and a focus on providing travelers with superior 
accommodations and travel experiences.  Royal Host units are 
traded on the Toronto Stock Exchange under the trading symbol 
"RYL.UN" and "RYL.DB". 

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FOR FURTHER INFORMATION PLEASE CONTACT:
Royal Host Real Estate Investment Trust
Peter Sikora
Chief Financial Officer
(403) 259-9800
(403) 259-8580 (FAX)
Email: investorinfo@royalhost.com
Website: www.royalhost.com