« Back

June 13, 2007 Holloway Lodging Real Estate Investment Trust Elects Two New TrusteesHALIFAX, Jun 13, 2007 (Canada NewsWire via COMTEX News Network) -- /NOT FOR DISTRIBUTION ON U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE

UNITED STATES/

Holloway Lodging Real Estate Investment Trust (TSXV: HLR.UN) ("Holloway" or the "REIT") is pleased to announce that Mr. Marc Staniloff and Mr. James Howe were approved as two new trustees at the Annual General Meeting of Unitholders held yesterday in Toronto.

Mr. Staniloff is Chairman and Chief Executive Officer of Superior Lodging Corp., the master development corporation for Super 8 Motels/Hotels and Wingate Inns in Canada. Mr. Staniloff has been instrumental in the development of 115 Super 8s from 1993 to 2007. In 1998, he was recognized as "Franchisee of the Year" by Super 8 Motels Inc. as a result of his leadership in the development of the Super 8 franchise system in Canada. Currently, Mr. Staniloff is a director and chair of the audit committee for Xtreme Drilling Corp., a TSX-listed company. Mr. Staniloff received a Bachelor of Commerce degree from the University of Calgary and is a member of the World Presidents Organization, the Super 8 Motels Franchisee Advisory Board and the President's Advisory Council for Wingate Inns.

Mr. Howe is President of Bragg Creek Financial Consultants Ltd., a private financial consulting company. In addition to several years practicing as a Chartered Accountant, Mr. Howe has served as Chief Financial Officer of several public companies. He presently serves as a director of Ensign Energy Services Inc., Pason Systems Inc., Wrangler West Energy Corp. and Avery Resources Inc. Mr. Howe received a BA from the Ivey School of Business at the University of Western Ontario and is a member of the Institute of Chartered Accountants of Alberta. Mr. Howe is considered an independent trustee.

"We are extremely pleased to have Marc and Jim join the Holloway Board of Trustees" said Walter Keyser, Chair. "They both bring a wealth of experience in the hospitality and business world and their knowledge of Alberta and western Canada will be a valuable asset."

ABOUT HOLLOWAY LODGING REAL ESTATE INVESTMENT TRUST

Holloway is a real estate investment trust listed as a Tier 2 issuer on the TSX Venture Exchange with the objective of acquiring and improving a growing portfolio of lodging properties with stable cash distributions.

The TSX Venture Exchange does not accept responsibility for the adequacy

or accuracy of this press release.

%SEDAR: 00023845E

SOURCE: HOLLOWAY LODGING REAL ESTATE INVESTMENT TRUST

Mr. Glenn Squires, Chief Executive Officer of the REIT; Tracy Sherren, Chief
Financial Officer of the REIT, (902) 457-1907

« Back