Pacrim Hospitality Services Portfolio Expands to South Carolina, USA

The Holiday Inn Express Myrtle Beach - "Broadway at the Beach" is the newest addition to Pacrim Hospitality Services Inc. (PHSI) bringing the company's portfolio to 47 hotels throughout Canada and the United States, CEO Glenn Squires announced today. The 114-room hotel was purchased by Holloway Lodging REIT on November 02, 2007. Holiday Inn Express Myrtle Beach is the 12th hotel owned by Holloway Lodging REIT which is managed by PHSI.

"Our PHSI team provides Holloway Lodging with proven and agile management expertise. PHSI has experience in the US market as we currently manage the Holiday Inn Express in Bonita Springs, Florida," Mr. Squires added.

The well-appointed Holiday Inn Express Myrtle Beach is located in the heart of Myrtle Beach at 1290 Paradise Circle, adajacent to the fastest growing entertainment complex in the area-Broadway on the Beach.. The property has an outdoor pool and whirlpool, free high speed internet service and complimentary SmartStart breakfast.

Visit the property on-line at www.hiemyrtlebeach.com or call for reservations at 1-888-HOLIDAY.

Pacrim Hospitality Services Inc. is one of Canada's leading, privately-owned hotel management companies with a portfolio of 47 hotels throughout Canada and the United States totaling more than 4,700 hotel rooms and suites. Pacrim Hospitality is the preferred management company of Holloway Lodging REIT and is based in Halifax, Nova Scotia.