Royal Host Real Estate Investment Trust Announces Distribution to Unitholders

Company Press Release

CALGARY, ALBERTA--Royal Host Real Estate Investment Trust (Royal Host) has declared its January 2000 distribution of $0.08 per unit payable February 16, 2000 to unitholders of record as of January 31, 2000.

Royal Host REIT owns 36 hotels, manages 75 properties and franchises 91 locations for almost 16,000 guest rooms in the mid-market to upscale segments. Royal Host also owns the Travelodge Master Franchise in Canada, provides hotel and resort management services for the portfolio and to third party properties, markets vacation intervals in hotels and resorts, and operates a facility for customers to trade and bank prepaid vacation weeks.

Royal Host maximizes earnings while balancing risk for its unitholders through efficient operations, strong marketing and a focus on providing travelers with superior accommodations and travel experiences. Royal Host units are traded on The Toronto Stock Exchange (RYL.UN).

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Contact:

Royal Host Real Estate Investment Trust
Ellen Walsh
Director of Communications
(403) 258-5601
(403) 292-0922
Email: investorinfo@royalhost.com
http://www.royalhost.com