/NOT FOR DISTRIBUTION ON U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE
HALIFAX, June 13 /CNW/ - Holloway Lodging Real Estate Investment Trust
(TSXV: HLR.UN) ("Holloway" or the "REIT") is pleased to announce that
Mr. Marc Staniloff and Mr. James Howe were approved as two new trustees at the
Annual General Meeting of Unitholders held yesterday in Toronto.
Mr. Staniloff is Chairman and Chief Executive Officer of Superior Lodging
Corp., the master development corporation for Super 8 Motels/Hotels and
Wingate Inns in Canada. Mr. Staniloff has been instrumental in the development
of 115 Super 8s from 1993 to 2007. In 1998, he was recognized as "Franchisee
of the Year" by Super 8 Motels Inc. as a result of his leadership in the
development of the Super 8 franchise system in Canada. Currently,
Mr. Staniloff is a director and chair of the audit committee for Xtreme
Drilling Corp., a TSX-listed company. Mr. Staniloff received a Bachelor of
Commerce degree from the University of Calgary and is a member of the World
Presidents Organization, the Super 8 Motels Franchisee Advisory Board and the
President's Advisory Council for Wingate Inns.
Mr. Howe is President of Bragg Creek Financial Consultants Ltd., a
private financial consulting company. In addition to several years practicing
as a Chartered Accountant, Mr. Howe has served as Chief Financial Officer of
several public companies. He presently serves as a director of Ensign Energy
Services Inc., Pason Systems Inc., Wrangler West Energy Corp. and Avery
Resources Inc. Mr. Howe received a BA from the Ivey School of Business at the
University of Western Ontario and is a member of the Institute of Chartered
Accountants of Alberta. Mr. Howe is considered an independent trustee.
"We are extremely pleased to have Marc and Jim join the Holloway Board of
Trustees" said Walter Keyser, Chair. "They both bring a wealth of experience
in the hospitality and business world and their knowledge of Alberta and
western Canada will be a valuable asset."
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.
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