Holloway Lodging Corp. announces appointment of Michael Phelan as director
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HALIFAX, Jan. 15, 2013 /CNW/ - Holloway Lodging Corporation (TSX: HLC)
("Holloway") is pleased to announce the appointment of Michael Phelan as a
director of Holloway.
Mr. Phelan is President and Chairman of The Valuations Group, Inc. ("TVG"), a
Cambridge, Massachusetts-based real estate advisory firm co-founded by Mr.
Phelan in 1994. TVG specializes in the valuation of illiquid real estate
securities, investment due diligence, and real estate advisory services. Mr.
Phelan holds a B.A., Economics from the University of California at Berkeley.
Michael Rapps, Holloway's Chairman, stated "We are excited to welcome Michael
Phelan as a new director of Holloway. We believe Michael's significant real
estate experience will be valuable to Holloway as we continue the growth of
ABOUT HOLLOWAY LODGING CORPORATION
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 18 hotels with 1,790 rooms. Holloway's shares trade
on the TSX under the symbol HLC.
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, 2011 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.
Michael Rapps, Chairman, at (416) 855-1925 or Jane Rafuse, Chief Financial
Officer, at (902) 443-5101
SOURCE: HOLLOWAY LODGING REAL ESTATE INVESTMENT TRUST
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CO: HOLLOWAY LODGING REAL ESTATE INVESTMENT TRUST
ST: Nova Scotia
NI: REL 2575 WNEWS
-0- Jan/15/2013 12:58 GMT
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