Legacy Hotels Real Estate Investment Trust to release first quarter earnings and webcast annual meeting of unitholders

Press Release: Legacy Hotels Real Estate Investment Trust
April 5, 2002
TORONTO, ON -- Legacy Hotels Real Estate Investment Trust ("Legacy") (TSE symbol: LGY.UN) will release its first quarter earnings on April 12, 2002 to be followed by a conference call that day at 4:30 p.m. Eastern Time. Participating on the call will be Legacy's Vice Chairman and Chief Executive Officer, William R. Fatt, along with Chris J. Cahill, Executive Vice President, M. Jerry Patava, Executive Vice President, Chief Financial Officer and Treasurer and John M. Johnston, President of Delta Hotels.

Investors are invited to access the call by dialing 416-641-6659 or 1-888-243-1119. You will be required to identify yourself and the organization on whose behalf you are participating. A recording of this call will be made available beginning at 6:30 p.m. on April 12, 2002 through to 6:30 p.m. on April 19, 2002. To access the recording please dial 1-800-633-8625 and use the reservation number 20502124.

Legacy's annual meeting of unitholders will be held on April 23, 2002 at 10:00 a.m. Eastern Time at The Fairmont Royal York in Toronto.

Live audio webcasts of the first quarter conference call and the annual meeting of unitholders will be available via Legacy's website (www.legacyhotels.ca). An archived recording of the webcasts will remain available on the website following each event. To listen to the webcast, users require a sound-enabled computer with a Pentium or PowerPC processor, 16MB RAM, Windows 95 (or later) or Mac OS or Linux, a 28.8 Kbps Internet connection (or better) and the appropriate version of the Microsoft Media Player. A free, downloadable version of the Microsoft Media Player can be downloaded at the Microsoft Media Player download site (http://www.Microsoft.com/windows/windowsmedia/download/default.asp) or via the Legacy website.

Legacy is Canada's premier hotel real estate investment trust with 21 luxury and first class hotels across Canada with over 9,500 rooms. Fairmont Hotels & Resorts manages the 10 luxury hotels and Delta Hotels manages the 11 first class properties.

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For further information

Contact: Emma Thompson, Executive Director, Investor Relations, Tel: (416) 874-2485, Email: investor@legacyhotels.ca, Website: www.legacyhotels.ca