Holloway Lodging Corp. announces election of directors

/NOT FOR DISTRIBUTION ON U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

HALIFAX, May 12, 2017 /CNW/ - Holloway Lodging Corporation (TSX: HLC, HLC.DB, HLC.DB.A) ("Holloway") is pleased to announce that the director nominees listed in the Management Information Circular dated March 30, 2017, were elected as directors of Holloway. The detailed results of the vote for the election of directors held at Holloway's Annual General & Special Meeting of Shareholders held on May 11, 2017 in Toronto, Ontario are set out below.

Nominee	Votes in Favour	% in Favour	Votes Withheld	% Withheld
Richard Grimaldi	12,654,998	97.0%	395,634	3.0%
Dustin Haw	12,651,633	96.9%	398,999	3.1%
Michael Rapps	12,651,418	96.9%	399,214	3.1%
Marc Staniloff	12,655,043	97.0%	395,589	3.0%
David Wood	12,922,603	99.0%	128,029	1.0%

Shareholders also approved the reappointment of PricewaterhouseCoopers LLP as auditors and the amendment of the Company's articles to remove investment restrictions, as more fully described in the Management Information Circular dated March 30, 2017. Final voting results on all matters voted on at the Annual General & Special Meeting of Shareholders held on May 11, 2017 are filed on the Company's issuer profile on SEDAR at www.sedar.com.

ABOUT HOLLOWAY

Holloway is a real estate corporation focused on acquiring, owning and operating select and limited service lodging properties and a small complement of full service hotels primarily in secondary, tertiary and suburban markets. Holloway owns 33 hotels with 3,754 rooms.  Holloway's shares and debentures trade on the TSX under the symbols HLC, HLC.DB and HLC.DB.A.

This press release contains forward-looking information within the meaning of applicable securities laws.  Forward-looking information may relate to Holloway's future outlook and anticipated events or results and may include statements regarding Holloway's future financial position, business strategy, financial results, plans and objectives. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts.  Forward-looking information is subject to certain factors, including risks and uncertainties, that could cause actual results to differ materially from what Holloway currently expects and there can be no assurance that such statements will prove to be accurate.  Some of these risks and uncertainties are described under "Risk Factors" in Holloway's annual information form for the year ended December 31, 2016 which is available on Holloway's profile on the SEDAR website at www.sedar.com.  Holloway does not intend to update or revise any such forward-looking information should its assumptions and estimates change.

SOURCE Holloway Lodging Corporation

Michael Rapps, Chairman, at [phone] or Jane Rafuse, Chief Financial Officer, at [phone].