NEWS RELEASE:

CHIP Hospitality Announces New Director of Sales for Delta Montréal Hotel

MONTREAL (December 10th, 2007) -- – CHIP Hospitality is pleased to announce the appointment of Philippe Michaud as Director of Sales and Marketing at the Delta Montréal Hotel, effective December 3rd, 2007.

Mr. Michaud has evolved in the hospitality industry for over 10 years, with extensive sales knowledge in multiple markets, including corporate, Government, tour. Mr. Michaud has a solid understanding of the Delta brand, as he has worked for Delta Centre-Ville as Director of corporate Sales. Most recently, Mr. Michaud was National Sales Manager for Hilton Sales Worldwide, where he handled the largest portfolio of Canadian accounts for the Canadian group and transient segments. In 2005, he was proud recipient of the “Sales Manager of the Year” award for Hilton.

“We are extremely delighted to have Philippe lead our sales team at the Delta Montréal Hotel”, says Nathalie Jeghers, Regional Director of Sales & Marketing for Quebec and Atlantic Canada at CHIP Hospitality. “Philippe’s upbeat personality, energy and passion for sales, along with his sales experience, and result-oriented style will make him a dynamic leader to bring the Delta Montréal sales team to continued success in the years to come” adds Ms. Jeghers.

The Delta Montréal, located on President-Kennedy Avenue, is owned and managed by CHIP Hospitality. This 24-storey full service business class hotel, located in Montreal’s downtown business district, is recognized within the community as a landmark property. It offers 456 oversized guestrooms and has 15 meeting rooms with over 15,000 square feet of meeting space. Amenities include two food and beverage outlets, executive business centre, indoor pool and health club, full service spa and underground parking.

“CHIP Hospitality is one of Canada’s leading hotel management companies and currently manages 32 hotels and resorts in Canada with more than 7,700 rooms. The company manages independent hotels and hotels operating under major franchise brands including some Delta Hotels, Crowne Plaza, Radisson, Residence Inn by Marriott, Holiday Inn, Hilton, Quality, Gouverneur, Best Western, Ramada and Coast properties. CHIP Hospitality is fully owned by British Columbia Investment Management Corporation (“bcIMC”), a Canadian leader in investment funds management that is based in Victoria, British Columbia (www.bcimc.com).”

NOTE TO EDITORS: Photo available upon request.

Contacts:

Nathalie Jeghers, CHIP Hospitality
Regional Director of Sales & Marketing / Quebec & Atlantic Canada
Tel: (514) 231-3075
njeghers@CHIPHospitality.com

Holly Peterson, CHIP Hospitality
Marketing Manager
Tel: (604) 646-8787 or (604) 512-9198
hpeterson@CHIPHospitality.com