CHIP REIT announces March distribution of $0.0808 per unit



    HOT.un
    HOT.db
    HOT.db.A

    VANCOUVER, March 1 /CNW/ - Canadian Hotel Income Properties Real Estate
Investment Trust ("CHIP REIT") today announced a distribution of $0.0808 per
unit for the month of March 2007. This amount reflects the previously
announced 3.2% increase in the monthly distribution from the prior level of
$0.0783 per unit. This also marks the second time in the past nine months that
CHIP REIT has increased the monthly distribution amount. Payment will be made
on March 30, 2007 to unitholders of record as at March 15, 2007.

    CHIP REIT is an integrated hotel real estate investment trust focused on
mid-market and upscale full-service hotels. Through its large, diversified
portfolio, CHIP REIT provides investors with stable income and growth
potential through acquisitions, repositioning and franchising under banners
that include Delta, Radisson, Marriott and Hilton. CHIP REIT currently owns
and manages 32 hotels with approximately 7,700 guestrooms. In 2006, CHIP REIT
was named "Hotel Company of the Year" by Hotelier Magazine, becoming the first
REIT to win a Pinnacle Award in the hospitality industry's national
recognition program. CHIP REIT units and convertible debentures trade on the
Toronto Stock Exchange under the symbols HOT.un, HOT.db and HOT.db.a.

    %SEDAR: 00005031E




For further information:

For further information: Kevin Grayston, Executive Vice President & CFO,
Phone: (604) 646-2447, Fax: (604) 646-2404, www.chipreit.com

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Canadian Hotel Income Properties Real Estate Investment Trust

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