HALIFAX, NOVA SCOTIA — (Marketwired) — 04/19/13 — Royal Host Inc. (TSX: RYL) (TSX: RYL.DB.B) (TSX: RYL.DB.C) (TSX: RYL.DB.D) (“Royal Host”) today announced the departure of Michael Bobbitt, Royal Host-s Chief Operating Officer effective April 19, 2013.
The Company-s Board continues to review the management structure and expects it will be several months before a determination as to a replacement is made. The Board continues to work with the executive team to move the Company forward and increase shareholder value.
About Royal Host
Royal Host is a diversified hospitality company that delivers shareholder value through hotel ownership, management and franchising. The Company-s hotels are located in five Provinces and Territories across Canada and many operate under internationally recognized brands such as Travelodge®, Super 8®, Holiday Inn®, Hilton®, and Ramada®. The Company also owns and operates the Travelodge Canada franchise business.
Forward Looking Statements
This press release contains certain forward-looking statements relating, but not limited to, Royal Host-s operations, anticipated financial performance, business prospects, and strategies. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “expect”, “plan”, or similar words suggesting future outcomes. Such forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward- looking statements. Such factors include, but are not limited to, economic, competitive, and lodging industry conditions. Royal Host disclaims any responsibility to update any such forward- looking statements except as required by Law.
This press release contains registered trademarks that are the exclusive property of their respective owners, none of which has any responsibility or liability for any information contained in this press release.
Contacts:
Royal Host Inc.
Michael McFeters
Chief Financial Officer
902.470.4500