Pacrim Wins Prestigious Pinnacle Award

Hard work, customer and community focus and dedication to “the basics” of the hospitality business have paid off in national recognition for Pacrim Hospitality Services Inc. (PHSI) as the company has been named the 2008 Pinnacle Award winner as Canada’s hotel Company of the Year by Hotelier magazine.

“It’s with great pride that on behalf of our 1,600 employees, partners, investors and hotel owners I accept this gratifying award,” Glenn Squires, CEO of PHSI said today. “Our company began in 2000 by managing four hotels in Atlantic Canada. With attention to detail, a bias for action and plain old hard work our portfolio numbers 59 hotels in Canada and the US and more than 6,000 hotel rooms and suites,” Mr. Squires said.

The Pinnacle Awards are described by Hotelier Magazine as “the Academy Awards of the dynamic $51.1 billion foodservice and hospitality industry” and the industry’s national recognition programs. “As the 2008 Pinnacle Award winner, Pacrim Hospitality Services Inc. joins outstanding companies who have accepted the award and are leaders in our industry,” Rosanna Caira, Editor/Publisher of Hotelier said today. “The growth of Pacrim Hospitality and its impact on the national hospitality industry makes the company a worthy winner.”

The Pinnacle Award for Company of the Year recognizes Pacrim Hospitality’s impact on the hospitality industry, its innovations and staff accomplishments and as well as commitment to community. “The 2008 Pinnacle Award belongs to the entire team at Pacrim Hospitality,” Mr. Squires said. “We pride ourselves in making our hotels comfortable and welcoming places to stay and meet. However it’s also important that they be satisfying and rewarding workplaces and contributors to their communities. This award recognizes such all-round achievement,” he added.

The 2008 Pinnacle Awards will be presented in December 2008 at a luncheon in Toronto. “It is our intent to celebrate the award with our staff members from British Columbia, to Newfoundland and Labrador and the Northwest Territories—we all take pride in this achievement.”

Pacrim Hospitality Services Inc. is one of Canada’s largest, privately-owned hotel management companies with a portfolio of 59 hotels throughout Canada and the United States totaling more than 6,000 hotel rooms and suites. Pacrim Hospitality Services Inc. (PHSI) is the winner of the 2008 Pinnacle Award as Canada’s Hotel Company of the Year and is the preferred management company of Holloway Lodging REIT. PHSI is headquartered in Halifax, Nova Scotia.