Holiday Inn Express Debuts in Montreal Quebec

Halifax, Nova Scotia, Canada - Pacrim Hospitality of Halifax announces the immediate opening of the first Holiday Inn Express Hotel in Quebec. The Holiday Inn Express Hotel and Suites Montreal – Centre-Ville was previously called Hotel Le Suites Faubourg. The name becomes effective immediately.

"We have managed the Hotel Suites Le Faubourg since it opened for business a little over two years ago. We are delighted to be managing and adding yet another Holiday Inn Express Hotel and Suites to our existing portfolio of 24 hotels throughout Canada and opening the first Holiday Inn Express in Quebec. Intercontinental Hotel Group (IHG) own the Holiday Inn Express name and is the world's leading hotel organization. Together we intend to develop more IHG hotel brands in Quebec.' said Glenn Squires, President, Pacrim Hospitality. "This will bring our owned and operated IHG hotels to four and we have agreements for three others. As a leading hotel company we are continually looking for opportunities and having the first Holiday Inn Express in Quebec and relationship with IHG clearly fits into our strategy for Quebec.'

"The 161 suite Holiday Inn Hotel and Suites Montreal – Centre-Ville www.hiemontreal.com provides exceptional suite accommodations, free local phone calls, free high speed internet, world famous "Smart Start' breakfast bar, fitness center and meeting space.' said Elliott Stepman, General Manager of the Holiday Inn Express Hotel and Suites Montreal – Centre-Ville. "This decision involved major renovations and upgrades allowing us to continue to provide superior guest service to our existing guests and the Holiday Inn Express name will attract new guests. With Holiday Inn Express quality standards, distribution, Priorty Club rewards program and our downtown location we are pleased to bring this exceptional hotel name and product to the Montreal market.'

The Aquilini Investment Group of Vancouver, British Columbia owns the Holiday Inn Express Hotel and Suites Montreal – Centre-Ville, located at 155 Rene Levesque Boulevard East. "We are very pleased to have branded the independent Hotel Suites Le Faubourg a Holiday Inn Express.' said Roberto Aquilini. Founded almost 50 years ago by Luigi Aquilini, the company has a significant portfolio, which includes the recent acquisition of 50% ownership of the Vancouver Canucks and GM commercial and residential property, hotels and golf courses. It also has significant agricultural holdings, including blueberry and cranberry farms.

InterContinental Hotels Group is the world's most global hotel company and the largest by number of rooms. Intercontinental Hotels Group owns, manages, leases or franchises, through various subsidiaries, more than 3,500 hotels and 535,000 guest rooms in nearly 100 countries and territories around the world www.ichotelsgroup.com. InterContinental Hotels Group owns a portfolio of well recognized and respected hotel brands including InterContinental Hotels & Resorts, Crowne Plaza Hotels and Resorts, Holiday Inn Hotels
and Resorts, Holiday Inn Express, Staybridge Suites, Candlewood Suites and Hotel Indigo, and also has controlling interest in Britvic, the second largest soft drink manufacturer in the UK.

Halifax based Pacrim Hospitality is recognized internationally as a leading hotel development and management company. The company develops, owns and/or manages hotels, restaurants and golf club properties throughout Canada www.pacrimhotels.com. Its portfolio includes nationally renowned independent properties and many of the world's most recognized and most highly respected brands by Carlson Hotel Group, InterContinental Hotels Group PLC, Cendant Corporation and Prime Restaurant Corporation. Independent properties include John Stanfield Inn and Fine Dining, Truro, Nova Scotia; Lord Beaverbrook Hotel, Fredericton, New Brunswick and Eagle Golf Clubs, Pitt Meadows, British Columbia.

Contact: Elliott Stepman – 514-448-7100