Hampton Reveals Canada Addition

. October 14, 2008

JANUARY 17, 2008. Hampton has announced the opening of the 116-room Hampton Inn & Suites by Hilton in Saint John, New Brunswick, Canada. This hotel features three King Suites and 29 King Studio Suites. The hotel is operated by Pacrim Hospitality Services, Inc. (PHSI) and marks the brand's entry into the Atlantic Canadian market.

"Canada remains an important growth market for us, particularly with its sustained economic growth and strong dollar," said Phil Cordell, senior vice-president, Hampton brand management. "The country remains underserved in the limited-service market and we believe there is room to grow exponentially there in the coming years. We currently have 21 Hampton by Hilton hotels open in six provinces and enjoy strong brand awareness nationwide."

Located at 51 Fashion Drive in the rapidly growing East Point Shopping development in Saint John, the four-story hotel is near such area attractions as McAllister Place Shopping Center, Harbour Station and New Brunswick Community College. The property provides 1,200 square feet of meeting space to accommodate up to 45 people, a 24-hour business center, indoor swimming pool, hot tub and 80-foot waterslide. Guest rooms are equipped with complimentary, high-speed Internet access, flat screen televisions and granite-topped vanities, and a complimentary hot and cold breakfast is offered each morning.

Allan Grossman, chairman of ASG Financial Corporation in Toronto, speaking for investors, indicated that, "the opportunity to join with Hilton Hotels, with Pacrim Hospitality Services and with the business community of Saint John has made this a very rewarding project for all involved. We anticipate great success at this property."

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