Tranche Update on Holloway Lodging Corporation's Equity Buyback Plan announced on August 9, 2018.

Holloway Lodging Corporation is a Canada-based hospitality company that owns and operates hotels across Canada. The Company is a real estate company focused on acquiring, owning and operating select and limited service lodging properties and a small complement of full service hotels primarily in secondary, tertiary and suburban markets. The Company is engaged in property management, accounting, sales, purchasing, maintenance and asset management. The Company owns and operates approximately 30 hotels and holds interest in a hotel in Canada, with approximately 3,970 guest rooms. The Company's approximately 26 hotels are limited service properties. The Company owns approximately three freestanding single tenant properties leased to restaurant chains and over seven land parcels that are held for future development.