TORONTO, July 27, 2015 /CNW/ - InnVest Real Estate Investment Trust ("InnVest") (TSX:INN.UN) announced that effective today, Mr. Fereed Mangalji has resigned from InnVest's Board of Trustees. Mr. Mangalji, has been a member of the InnVest Board of Trustees since 2006.
"On behalf of the Board of Trustees, the REIT's management team and all Unitholders, I want to thank Fereed for the key role he played in building InnVest and making it the leading Canadian hotel company it is today. We wish him every success in the future," said Edward Pitoniak, Chairman.
InnVest Real Estate Investment Trust is an unincorporated open-ended real estate investment trust which owns a portfolio of 109 hotels across Canada representing over 15,000 guest rooms operated under internationally recognized brands. InnVest also holds a 50% interest in Choice Hotels Canada Inc., one of the largest franchisors of hotels in Canada. InnVest's units and convertible debentures trade on the Toronto Stock Exchange (the "TSX") under the symbols INN.UN, INN.DB.E, INN.DB.F and INN.DB.G.
SOURCE InnVest Real Estate Investment Trust
For further information: Denise Achonu, Vice President, Finance, Tel: (416) 607 2333, Website: www.innvestreit.com