Royal Host

Royal Host REIT Announces Distribution of $0.055 to Unitholders

by creitadmin on September 23, 2008

Aug 15, 2008

Royal Host Real Estate Investment Trust (“Royal Host”) (TSX:RYL.UN) (TSX:RYL.DB.A) (TSX:RYL.DB.B) (TSX:RYL.DB.C) (TSX:RYL.DB.D) has declared a distribution of $0.055 per unit, payable September 15, 2008, to Unitholders of record on August 29, 2008. This distribution is the 130th consecutive monthly distribution to Unitholders and brings the total funds distributed to $7.47 per unit since Royal Host’s inception.

Royal Host is a uniquely diversified hospitality trust that delivers Unitholder value through hotel ownership, investment, management and franchising. Royal Host’s portfolio of Canadian hotels operates under a variety of recognizable brands as well as a number of unbranded properties. The Trust’s hotel portfolio is further enhanced by a stable franchising business, a successful hotel management operation, and a portfolio of publicly-traded securities from within the hospitality and service sectors.

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Royal Host REIT Q2 profits rises to $18M from $4.8M last year

by creitadmin on September 23, 2008

Aug 12, 2008

CALGARY — Royal Host REIT (TSX:RYL.UN), a Calgary-based hotel operator, earned $18 million in the second quarter, up from $4.8 million in the same period last year.

Royal Host’s earnings amounted to 84 cents per unit for the three months ended June 30, up from 18 cents in the same period last year.

Distributable income increased to $7.7 million from $6.5 million, while hospitality revenue from continuing operations increased to $35.1 million from $34.6 million last year.

Revenue per available room, an industry benchmark known as revpar, was $67.64 in the quarter, versus $67.55 in 2007.

Royal Host has a portfolio of 31 Canadian hotels under a variety of brands.

Its units traded up five cents on the TSX at $6.75.

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Royal Host Finalizes Agreement to Sell Grand Okanagan Lakefront Resort for C$131 M

September 23, 2008

July 28, 2008 Royal Host REIT (RYL-UN.TO) said it finalized an agreement to sell the Grand Okanagan Lakefront Resort and Conference Centre in Kelowna, British Columbia for C$131 million. Sale will be closed on or before August 14, 2008.The company said the substantial gain generated on this sale, along with its unique approach to deploying [...]

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