95a709be-f13c-41fe-b639-c77ee9b8aa28.pdf



For Immediate Release


INNVEST REAL ESTATE INVESTMENT TRUST COMPLETES $54.4 MILLION MORTGAGE FINANCING


Toronto, Canada (March 31, 2016) - InnVest Real Estate Investment Trust ("InnVest") (TSX:INN.UN) announced today that it has completed the financing of its recently acquired Marriott Ottawa Hotel. The financing is a 7-year, $54.4 million mortgage with a fixed interest rate of 3.87% with a U.S. financial institution. The proceeds from the financing were applied to repay a bridge facility obtained following the acquisition and also to repay amounts drawn on InnVest's operating line.


TRUST PROFILE

InnVest Real Estate Investment Trust is an unincorporated open-ended real estate investment trust which owns a portfolio of 110 hotels across Canada representing over 14,500 guest rooms operated under internationally recognized brands. InnVest also holds a 50% interest in Choice Hotels Canada Inc., one of the largest franchisors of hotels in Canada.


InnVest's units and convertible debentures trade on the Toronto Stock Exchange (the "TSX") under the symbols INN.UN, INN.DB.E, INN.DB.F and INN.DB.G.


For further information:


Denise Achonu

Vice President, Finance Tel: (416) 607 2333

Website: www.innvestreit.com

InnVest Real Estate Investment Trust issued this content on 31 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 March 2016 21:47:15 UTC

Original Document: http://www.innvestreit.com/file.aspx?f=0316 Marriott Ottawa Financing Final1.pdf