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Holloway Lodging REIT comments on trading activity

HALIFAX, May 8, 2012 — /NOT FOR DISTRIBUTION ON US WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES/

HALIFAX, May 8, 2012 /CNW/ – Holloway Lodging Real Estate Investment
Trust (TSX: HLR.UN) (Holloway), at the request of Market Surveillance
on behalf of the Toronto Stock Exchange, is commenting on recent
trading activity in Holloways trust units.

On May 4, 2012, Holloway entered into a letter of intent with a third
party regarding the potential acquisition of all of Holloways trust
units. The letter of intent includes a 30-day exclusivity period. Other
than such exclusivity period and certain other limited provisions, the
letter...

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