On February 22, 2010, Allied Hotel Properties Inc. ("Allied") (TSX VENTURE:AHP),
through a wholly owned subsidiary, entered into a hotel purchase agreement with
an arm's length third party purchaser (the "Purchaser") whereby Allied agreed to
sell and the Purchaser agreed to purchase the Crowne Plaza Chateau Lacombe for
the aggregate purchase price of $47.8 million. This transaction is subject to
certain conditions for the benefits of the purchaser and the vendor including
TSX Venture Exchange approval. The parties anticipate completing the transaction
on or about June 21, 2010.


Allied is a hotel ownership and management company. Its hotel portfolio consists
of the Crowne Plaza Chateau Lacombe in Edmonton, Alberta and the Toronto Don
Valley Hotel & Suites in Toronto, Ontario. Allied also owns an interest in the
Residence at Accolade Inc., a condominium development adjacent to the Toronto
Don Valley Hotel & Suites. Interested parties can find further information at
www.alliedhotels.com.


On behalf of the Board of Directors:

John R. Ellen
Allied Hotel Properties (TSXV:AHP)
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