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HALIFAX, May 14, 2013 /CNW/ - Holloway Lodging Corporation (TSX: HLC)
("Holloway") today announced the final director election results from
its 2013 annual general meeting of shareholders held on May 14, 2013.
The following six nominees were elected as directors of Holloway to
serve until the next annual meeting of shareholders or until their
successors are elected or appointed:
Following the meeting, Mr. George Armoyan resigned as a Director of
Holloway. Holloway would like to take this opportunity to thank Mr.
Armoyan for his contribution to the transformation of Holloway over the
last several years.
Holloway is pleased to announce the appointment of Dr. Dustin Haw, as a
member of its Board of Directors, to fill the vacancy resulting from
Mr. Armoyan's resignation. Dr. Haw is an investment analyst at Geosam
Capital Inc. ("Geosam"), a private investment company specializing in
small and mid-capitalization companies, with a focus on real estate and
industrial investments. Prior to joining Geosam, Dr. Haw was a
research associate at the University of Western Ontario. Dr. Haw holds
a PhD in physics from the University of Western Ontario.
In addition, Holloway announces that the payment of its quarterly
dividend will occur on June 14, 2013 rather than June 17, 2013 as
described in its press release dated May 13, 2013.
ABOUT HOLLOWAY LODGING CORPORATION
Holloway is a real estate corporation 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. Holloway owns 18 hotels with 1,798 rooms. Holloway's
shares trade on the TSX under the symbol HLC.
This press release contains forward-looking information within the
meaning of applicable securities laws. Forward-looking information may
relate to Holloway's future outlook and anticipated events or results
and may include statements regarding Holloway's future financial
position, business strategy, financial results, plans and objectives In
some cases, forward-looking information can be identified by terms such
as "may", "will", "should", "expect", "plan", "anticipate", "believe",
"intend", "estimate", "predict", "potential", "continue" or other
similar expressions concerning matters that are not historical facts.
Forward looking-information is subject to certain factors, including
risks and uncertainties, that could cause actual results to differ
materially from what Holloway currently expects and there can be no
assurance that such statements will prove to be accurate. Some of these
risks and uncertainties are described under "Risk Factors" in
Holloway's Annual Information Form ("AIF"), dated March 11, 2013 which
is available at www.sedar.com. Holloway does not intend to update or
revise any such forward-looking information should its assumptions and
SOURCE: Holloway Lodging Corporation
For further information:
For further information please contact Michael Rapps, Chairman, at (416) 855-1925 or Jane Rafuse, Chief Financial Officer, at (902) 443-5101.