NEWS RELEASE TRANSMITTED BY Marketwire
FOR: ROYAL HOST REAL ESTATE INVESTMENT TRUST
Royal Host REIT Announces December 2006 Distribution of $0.05 to Unitholders
DEC 15, 2006 - 11:55 ET
CALGARY, ALBERTA--(CCNMatthews - Dec. 15, 2006) - Royal Host Real Estate Investment Trust (TSX:RYL.UN) (TSX:RYL.DB) (TSX:RYL.DB.A) (TSX:RYL.DB.B) (TSX:RYL.DB.C) ("Royal Host") has declared its December 2006 distribution of $0.05 per unit, payable January 31, 2007 to Unitholders of record as of January 15, 2007. This distribution is the 110th consecutive monthly distribution to Unitholders and brings the total funds distributed by Royal Host to $6.36 per unit since inception.
Royal Host's core businesses are hotel ownership, management and franchising. Royal Host owns 37 hotels, comprising 4,500 rooms, manages additional properties for third parties, and franchises 111 locations (including 15 owned by the Trust) under the Travelodge and Thriftlodge banners, in the economy, mid-market and upscale hospitality segments.
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", "RYL.DB.A", "RYL.DB.B" and "RYL.DB.C" respectively.
FOR FURTHER INFORMATION PLEASE CONTACT:
Royal Host REIT
Chief Financial Officer
(403) 259-8580 (FAX)