Holloway Lodging Real Estate Investment Trust Announces grant of options



    /NOT FOR DISTRIBUTION ON U.S. WIRE SERVICES/

    HALIFAX, April 4 /CNW/ - Holloway Lodging Real Estate Investment Trust
(TSXV: HLR.UN) (the "REIT") announced today that it has granted options to
acquire an aggregate of 62,000 units to employees of Pacrim Hospitality
Services Inc., the REIT's property manager. These options are exercisable at a
price of $4.88 per unit until April 4, 2012. One-third of the options may be
exercised immediately, one-third will vest on April 4, 2008 and one-third will
vest on April 4, 2009.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this press release.
    %SEDAR: 00023845E




For further information:

For further information: Mr. Glenn Squires, Chief Executive Officer of
the REIT, (902) 457-1907

Organization Profile

Holloway Lodging Real Estate Investment Trust

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890