Holloway Lodging Real Estate Investment Trust announces monthly distribution



    /NOT FOR DISTRIBUTION ON U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE
    UNITED STATES/

    HALIFAX, June 21 /CNW/ - Holloway Lodging Real Estate Investment Trust
(TSXV: HLR.UN) ("Holloway" or the "REIT") announced today a distribution of
$0.0375 per unit for the month of June 2007, payable on or before July 13,
2007 to unitholders of record on June 29, 2007.
    Holders of units who are non-residents of Canada will be required to pay
all withholding taxes payable in respect of any distributions of income by the
Fund.
    The REIT also announced that the holders of Class B limited partnership
units of Holloway Lodging Limited Partnership (a subsidiary of the REIT) shall
receive $0.0375 per limited partnership unit for the month of June payable on
or before July 13, 2007.
    The REIT has 16,640,000 units issued and outstanding which, together with
437,000 Class B limited partnership units of Holloway Lodging Limited
Partnership issued and outstanding (each of which is exchangeable for one REIT
unit). After giving effect to the exchange of the Class B limited partnership
units, there are an aggregate of 17,077,000 REIT units issued and outstanding.

    ABOUT HOLLOWAY LODGING REAL ESTATE INVESTMENT TRUST

    Holloway is a real estate investment trust listed as a Tier 2 issuer on
the TSX Venture Exchange with the objective of acquiring and improving a
growing portfolio of lodging properties with stable cash distributions.

    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; Tracy Sherren, Chief Financial Officer of the REIT, (902) 457-1907

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Holloway Lodging Real Estate Investment Trust

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