InnVest Real Estate Investment Trust announces monthly distribution

    TORONTO, Oct. 18 /CNW/ - InnVest Real Estate Investment Trust announced
today that a distribution of $0.09375 per unit has been declared to the
Unitholders of record as at the close of business October 31, 2007, payable on
November 15, 2007.

    InnVest REIT holds Canada's largest hotel portfolio together with an
interest in Choice Hotels Canada Inc. the largest franchisor of hotels in
Canada. The hotel portfolio currently comprises 148 hotel properties, with
19,381 guest rooms, operated under internationally recognized franchise brands
such as Comfort Inn(R), Holiday Inn(R), Quality Suites/Inn(R), Radisson(R),
Delta(R), Travelodge(R), Hilton(R) Staybridge Suites(R), Fairmont Hotels(R),
Sheraton Suites(R) and Best Western(R). InnVest's trust units and outstanding
convertible debentures trade on the Toronto Stock Exchange under the symbols
INN.UN, INN.DB.A, INN.DB.B and INN.DB.C, respectively.

    %SEDAR: 00018005E

For further information: Kenny Gibson, President and Chief Executive
Officer, Tel: [phone], Fax: [phone]; Tamara Lawson, Chief
Financial Officer and Secretary, Tel: [phone], Fax: [phone],
Website: www.innvestreit.com