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October 23, 2007 Holloway Lodging Real Estate Investment Trust to Release Third Quarter ResultsHALIFAX, Oct. 23, 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 (TSX: HLR.UN) ("Holloway" or the "REIT") will release its third quarter results on Tuesday, November 13, 2007. An investor conference call will take place on the following day, Wednesday, November 14, 2007 at 9:00 a.m. EST, with Holloway's senior management.

Investors and analysts are invited to access the call by dialing 1-416-849-7329 or 1-866-365-1119. You will be required to identify yourself and indicate if you represent an organization or if you are private investor. A recording of this call will be available from 11:00 a.m. EST on November 14th through 11:59 p.m. EST on November 22nd. To access the recording, please dial 1-866-501-5559 and enter the reservation or playback code 21250997#.

ABOUT HOLLOWAY LODGING REAL ESTATE INVESTMENT TRUST

Holloway is a real estate investment trust focused on acquiring, owning and operating select and limited service lodging properties and a small complement of full service hotels primarily in secondary, tertiary and suburban markets and providing investors with stable distributions. Holloway currently owns 21 hotels with 2,310 rooms. Holloway's units and convertible debentures trade on the Toronto Stock Exchange under the symbols HLR.UN, HLR.DB and HLR.DB.A, respectively.

%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

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