Allied Hotel Properties ("Allied Hotels") is principally involved in the ownership of first class business hotels in major Canadian urban centres. The Company was restructured during 1998 to amalgamate the hotel interests of the Allied Holdings Group which has successfully developed and owned commercial and residential real estate since founding the business in 1968. The Allied Group of companies has focused on hotel ownership since 1986.

The current hotel portfolio of Allied Hotels consists of two properties with a total of 660 rooms, as summarized below. The principal hotel properties of Allied Hotel Properties Inc. are summarized as follows:

	Crowne Plaza Toronto Don Valley Hotel
	Allied Hotels owns 100% of the Crowne Paza Toronto Don Valley Hotel, a 353 room full service hotel located at the intersection of Eglington Avenue and the Don Valley Parkway in the City of Toronto. The hotel contains 16,000 square feet of banquet and convention facilities, several restaurants and indoor/outdoor pools in a resort setting. It is well located in regard to numerous corporate headquarters in the area and is positioned to receive overflow bookings from downtown Toronto. A $8.5 million renovation commenced in November 1998 and was completed in June 1999. The hotel was then re-branded as a Crowne Plaza hotel.
	Crowne Plaza Chateau Lacombe Hotel
	Allied Hotels owns 100% of the Crowne Plaza Chateau Lacombe Hotel, a 307 room hotel centrally located in the heart of downtown Edmonton. This hotel is just a short walk to the business district, the Edmonton Convention Centre, the Alberta Legislature, several shopping centres, and the corporate offices of well-known companies such as Telus, Imperial Oil, IBM, CN Rail, and Petro Canada. The hotel amenities include the popular roof-top revolving restaurant known as "La Ronde". approximately 14,000 square feet of meeting space, a parkade with 675 parking stalls, and a business centre with high speed internet access.