Holloway Lodging Real Estate Investment Trust announces departure of
President and Chief Operating Officer

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HALIFAX, March 19 /CNW/ - Holloway Lodging Real Estate Investment Trust (Holloway) (TSX: HLR.UN, HLR.DB and HLR.DB.A) today announced the departure of Michael Jackson, its President and Chief Operating Officer, effective March 19, 2010. The REIT's board of trustees does not intend to actively seek a replacement in the immediate future. Mr. Jackson's responsibilities as President and Chief Operating Officer will be assumed on an interim basis by the REIT's continuing management team comprised of Mr. Glenn Squires, Chief Executive Officer and Ms. Tracy Sherren, Chief Financial Officer.

Mr. Jackson resigned as a member of the REIT's board of trustees.

"We would like to thank Michael for his contributions during his years with Holloway and wish him success in his future endeavors" said Glenn Squires, Chief Executive Officer of the REIT.

Holloway Lodging Real Estate Investment Trust

Holloway is a real estate investment trust 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 currently owns 21 hotels with 2,320 rooms. Holloway's units and convertible debentures trade on the Toronto Stock Exchange under the symbols HLR.UN, HLR.DB and HLR.DB.A, respectively.

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For further information: Mr. Glenn Squires, Chief Executive Officer of the REIT, [phone]; Ms. Tracy Sherren, Chief Financial Officer of the REIT, [phone]