/NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
HALIFAX, April 15 /CNW/ - Holloway Lodging Real Estate Investment Trust (TSX: HLR.UN, HLR.DB, HLR.DB.A) ("Holloway" or the "REIT") today announced that Richard Grimaldi, of Westport, Connecticut, has been appointed a Trustee of the REIT, effective April 15, 2010.
Mr. Grimaldi is a self-employed Real Estate Developer and the former Managing Director of Institutional Accounts for GE Capital - Commercial Real Estate. Mr. Grimaldi is a seasoned real estate executive with more than 25 years of experience in the real estate industry.
Mr. Grimaldi holds an MBA from the University of Miami, and brings with him years of experience and knowledge of the Real Estate Industry. He has held various positions in the Commercial Real Estate Division at GE Capital such as Managing Director of Institutional Accounts, Managing Director - Canadian Real Estate, and Managing Director - Large Transaction Group. He has extensive experience in financing public and private companies, structuring debt, equity and joint venture new business opportunities.
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. Holloway currently owns 21 hotels with 2,320 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.
SOURCE Holloway Lodging Real Estate Investment Trust
For further information: For further information: Mr. Glenn Squires, Chief Executive Officer of the REIT, (902) 404-3499; Ms. Tracy Sherren, Chief Financial Officer of the REIT, (902) 404-3499