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HALIFAX, Aug. 27, 2008 (Canada NewsWire via COMTEX News Network) -- Holloway Lodging Real Estate Investment Trust (TSX: HLR.UN, HLR.DB, HLR.DB.A) ("Holloway" or the "REIT") today announced that Edward Good has resigned from his position as a trustee of the REIT, effective August 26, 2008, in order to focus on other business opportunities. "Ted has played an important role in Holloway's formation and development," said Walter Keyser, chairman of the REIT's board of trustees. "We thank him for his valuable contributions and wish him success in his new endeavours."
To fill the vacancy created by Mr. Good's resignation, Holloway's board of trustees has appointed Michael Jackson, Holloway's President and Chief Operating Officer, as a trustee. Mr. Jackson's appointment is for a term expiring at the close of Holloway's next annual meeting of unitholders or until his successor is elected or appointed.
About Holloway
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 22 hotels with 2,423 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, Mr. Michael Jackson, President and Chief
Operating Officer or Ms. Tracy Sherren, Chief Financial Officer, (902) 457-1907
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