/NOT FOR DISTRIBUTION ON U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
HALIFAX, May 14, 2014 /CNW/ - Holloway Lodging Corporation (TSX: HLC) ("Holloway") today announced the election results from its 2014 annual general meeting of shareholders held on May 13, 2014. The following seven individuals were elected as directors of Holloway to serve until the next annual meeting of shareholders or until their successors are elected or appointed:
Neil Labatte and Blake Lyon are new directors of Holloway.
Mr. Labatte is currently President and CEO of Talon International Inc., the developer of the Trump International Hotel in Toronto, Ontario, and Global Dimension Capital, Inc., a real estate advisory firm. Previously, Mr. Labatte was President, CEO and a trustee of Legacy Hotels REIT. Mr. Labatte is currently a trustee of Healthlease Properties REIT.
Mr. Lyon is an independent financial consultant who advises and manages real estate and private equity investments. Previously, Mr. Lyon was President and CEO of Werklund Capital Corporation and also held various roles of increasing responsibility at Brookfield Asset Management, including as Vice President and Chief Financial Officer.
ABOUT HOLLOWAY LODGING CORPORATION
Holloway is a real estate corporation 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 owns 17 hotels with 1,718 rooms. Holloway's shares trade on the TSX under the symbol HLC.
This press release contains forward-looking information within the meaning of applicable securities laws. Forward-looking information may relate to Holloway's future outlook and anticipated events or results and may include statements regarding Holloway's future financial position, business strategy, financial results, plans and objectives. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Forward-looking information is subject to certain factors, including risks and uncertainties, that could cause actual results to differ materially from what Holloway currently expects and there can be no assurance that such statements will prove to be accurate. Some of these risks and uncertainties are described under "Risk Factors" in Holloway's annual information form for the year ended December 31, 2013 which is available on Holloway's profile on the SEDAR website at www.sedar.com. Holloway does not intend to update or revise any such forward-looking information should its assumptions and estimates change.
SOURCE: Holloway Lodging Corporation
For further information: For further information please contact Michael Rapps, Chairman, at (416) 855-1925 or Jane Rafuse, Chief Financial Officer, at (902) 443-5101.