NEWS RELEASE TRANSMITTED BY Marketwire
FOR: ROYAL HOST REAL ESTATE INVESTMENT TRUST
Royal Host Completes Sale of Grand Okanagan Resort for $131 Million
AUG 15, 2008 - 12:47 ET
CALGARY, ALBERTA--(Marketwire - Aug. 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 September 15, 2008, to Unitholders of record on August 29, 2008. This distribution is the 130th consecutive monthly distribution to Unitholders and brings the total funds distributed to $7.47 per unit since Royal Host's inception.
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 stable franchising business, a successful hotel management operation, and a portfolio of publicly-traded securities from within the hospitality and service sectors.
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)