CHIP REIT Announces August Distribution
Canadian Hotel Income Properties Real Estate Investment Trust - HOT.un

Source: CHIP REIT

August 9, 1999
VANCOUVER, BC -- Canadian Hotel Income Properties Real Estate Investment Trust ("CHIP REIT") last week announced a distribution of $0.10 per unit for the month of August 1999. Payment will be made on August 31, 1999 to unitholders of record as at August 13, 1999. This distribution brings 1999 year-to-date distributions to $0.80 per unit.

CHIP REIT was Canada's first hotel real estate investment trust and has a focus on mid-market and upscale full-service hotels.
Through upgrades, repositioning and franchising, CHIP REIT and its wholly owned hotel manager, CHIP Hospitality, improve the operating performance of the properties within the portfolio to create value for investors. CHIP REIT currently owns and operates 36 hotels with close to 8,000 rooms across Canada. CHIP REIT units trade on The Toronto Stock Exchange under the symbol HOT.un.

(Copyright Canada Newswire)