Allied Hotel Properties Inc. - News Releases - Allied Hotels Commences Public Trading Of Shares

	Fri Nov 5, 1999 Allied Hotels Commences Public Trading Of Shares
	Allied Hotel Properties Inc. ("Allied Hotels", stock symbol AHP.V) is pleased to announce that its reorganization has been completed and the shares of Allied Hotels commenced trading on the Vancouver Stock Exchange at the opening of the market this morning. New shareholders of Allied Hotels received one share of each of Allied Hotels and King George Financial Corporation for each share of King George Development Corporation held prior to the recent reorganization. Allied Hotels is principally involved in the ownership and management of first-class business hotels in major Canadian urban centres. It will focus on building its hotel property portfolio which currently consists of 2,297 rooms in the Greater Vancouver Area, Toronto and Edmonton. Allied Hotels was restructured to amalgamate the Canadian hotel interests of the Allied Holdings Group which has successfully developed and owned commercial and residential real estate in Canada and the United States since 1968, with a focus On the hotel industry in Canada since 1986. The current hotel properties consist of: Crowne Plaza Hotel Georgia, Delta Pacific Resort & Conference Centre, Delta Vancouver Airport Hotel & Marina, Delta Vancouver Suite Hotel, Holiday Inn Vancouver Downtown Hotel & Tower Suites, Crowne Plaza Toronto Don Valley Hotel and Crowne Plaza Chateau Lacombe, as well as development projects relating to a major property at Granville and Dunsmuir Streets in downtown Vancouver and land adjacent to the Delta Pacific Resort & Conference Centre. Interested parties can find further information on Allied Hotels at http://www.alliedhotels.com/ On behalf of the Board of Directors: Mr. Ronald G. Erdman President and Director For More Information Please Contact; Allied Hotel Properties Inc. Tel: (604) 689-9318 Fax: (604) 689-9332 Email: erdman@alliedhotels.com THE VANCOUVER STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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