CHIP REIT to Release Year End Results

Canadian Hotel Income Properties Real Estate Investment Trust ("CHIP REIT") will release its 2005 fourth quarter results on February 14th, 2006. A conference call will take place on the following day, February 15th, 2006 at 11:00 a.m. EST, with CHIP REIT's senior management discussing the financial results as well as current industry conditions.

Investors are invited to access the call by dialing 1-800-440-1782. You will be required to identify yourself and your organization. A recording of this call will be made available beginning at 1:00 p.m. EST. To access the recording, please call 1-800-558-5253 (416-626-4100) and use the reservation number 21281634. The recording will also be available at www.chipreit.com.

CHIP REIT is an integrated hotel real estate investment trust focused on mid-market and upscale full-service hotels. Through its large, diversified portfolio, CHIP REIT provides investors with stable, tax-advantaged income as well as growth potential through acquisitions, repositioning and franchising. CHIP REIT currently owns or manages 31 hotels with approximately 7,300 rooms. CHIP REIT units and convertible debentures trade on the Toronto Stock Exchange under the symbols HOT.un, HOT.db and HOT.db.a.

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For further information: Kevin Grayston, Executive Vice President & Chief Financial Officer, Phone (604) 646-2447, Fax (604) 646-2404, www.chipreit.com

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