NEWS RELEASE TRANSMITTED BY Marketwire
FOR: ROYAL HOST REAL ESTATE INVESTMENT TRUST
Royal Host REIT Announces Distribution of $0.055 to Unitholders
APR 15, 2008 - 16:15 ET
CALGARY, ALBERTA--(Marketwire - April 15, 2008) - Royal Host Real Estate Investment Trust ("Royal Host") (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 15, 2008, to Unitholders of record on April 30, 2008. This distribution is the 126th consecutive monthly distribution to Unitholders and brings the total funds distributed to $7.25 per unit since Royal Host's inception.
Royal Host is a diversified hospitality trust that delivers Unitholder value through hotel ownership, investment, management and franchising and is Canada's second-largest hotel Real Estate Investment Trust.
Royal Host owns a diversified portfolio of 34 properties, comprising 4,200 guest rooms. The portfolio includes limited, focused and full-service hotels in the mid-market to upscale hospitality segments, and is well represented throughout Canada operating under such recognizable brands as Best Western®
, Country Inns & Suites®
, Holiday Inn®
, Super 8®
, as well as a number of unbranded properties such as the Chimo Hotel in Ottawa and the Grand Okanagan Resort and Conference Centre in Kelowna.
In addition to providing management services to its own portfolio, Royal Host's team manages a number of properties on behalf of third parties using its proven training programs, operating procedures, revenue and yield management systems and sales programs.
Royal Host also owns the master franchise rights for Travelodge®
in Canada. Through its subsidiary, Travelodge Canada, Royal Host currently franchises over 100 locations, 13 of which are owned by Royal Host, and receives a stable stream of revenue through monthly royalty fees paid by licensed hotel owners and by selling franchise licenses, which enhances the overall diversity of Royal Host's portfolio.
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 FURTHER INFORMATION PLEASE CONTACT:
Royal Host Real Estate Investment Trust
A. Brad Cann, C.A.
Executive Vice President and Chief Financial Officer
(403) 259-8580 (FAX)