HOLLOWAY LODGING REAL ESTATE INVESTMENT TRUST RECEIVES REQUISITION FOR
UNITHOLDER MEETING

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

HALIFAX, Dec. 7 /CNW/ - Holloway Lodging Real Estate Investment Trust (TSX: HLR.UN, HLR.DB, HLR.DB.A) ("Holloway" or the "REIT") announced that it has received a requisition from Royal Host Real Estate Investment Trust requesting that its board of trustees call a special meeting of the unitholders of the REIT to consider removing from office three of the independent trustees of the REIT currently in place and replacing them with trustees nominated by Royal Host.  The board of trustees is reviewing the requisition and will respond in due course.  

About Holloway

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 22 hotels with 2,386 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.

For further information:

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