CHIP REIT announces November distribution

HOT.un

Press Release: Canadian Hotel Income Properties Real Estate Investment Trust
November 6, 2001
VANCOUVER, BC -- Canadian Hotel Income Properties Real Estate Investment Trust ("CHIP REIT") has announced a distribution of $0.075 per unit for the month of November 2001. Payment will be made on November 30, 2001 to unitholders of record as at November 15, 2001.

CHIP REIT is an integrated hotel real estate investment trust focused on mid-market and upscale full-service hotels. Through upgrades, repositioning and franchising, CHIP REIT improves the operating performance of the properties within the portfolio to create value for investors. CHIP REIT currently owns or manages 37 hotels with approximately 8,000 rooms. CHIP REIT units trade on The Toronto Stock Exchange under the symbol HOT.un.