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