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Press Release

Atlific Hotels adds Clearwater Residence Hotel – Timberlea, Fort McMurray to Growing Hotel Portfolio

Fort McMurray, AB (June 4, 2012) – Atlific Hotels is proud to announce the addition of the Clearwater Residence Hotel – Timberlea in Fort McMurray to its growing portfolio of hotel properties. This exciting addition marks the seventh hotel in the region managed by Atlific and owned by Temple Real Estate Investment Trust (TREIT), bringing the total numbers of rooms in Fort McMurray to 833.

"We are thrilled to be growing our partnership with TREIT with another fantastic Fort McMurray property," said Philippe Gadbois, senior vice-president sales and marketing, Atlific Hotels. "Clearwater Residence Hotel - Timberlea will provide superior extended stay accommodations to the thousands of oil workers that visit Fort McMurray every year."

Perfectly suited for long-term guests, the intimate, condo-style Clearwater Residence Hotel - Timberlea features 66 spacious one and two bedroom suites, generously appointed with a full range of appliances including refrigerator, stove, dishwasher, microwave, en-suite washer and dryer and cable television to ensure that all the necessities of home are available to travellers during their stay. The hotel features complimentary high-speed internet throughout and extensive complimentary heated underground and surface parking.

The first hotel to be located on the north side of the city, en route to the oil sands, the Clearwater Residence Hotel - Timberlea is conveniently located 9.5 kilometers from the city centre and 26.4 kilometers from the Fort McMurray Airport, in the Timberlea area of Fort McMurray. Guests of the hotel can take advantage of a variety of retail and shopping amenities including banks, restaurants and grocery stores, all located within a short walk from the hotel.

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About Atlific Hotels
Atlific Hotels is one of the fastest growing hotel management companies in Canada operating over 45 hotels with offices in Montreal, Toronto and Vancouver. Named Hotel Company of the Year in 2009 by Hotelier Magazine, Atlific Hotels has over 50 years of experience managing well known Canadian hotels, resorts, and extended stay properties and has built a reputation for best in business accounting, reporting, exceptional sales and marketing programs and sound operational systems. Atlific Hotels' parent company, Ocean Properties, Ltd. operates over 60 hotels throughout the United States. Together they manage over 100 properties in North America with a total of 16,500 rooms, which include independent hotels and resorts as well as internationally recognized hotel brands such as Marriott, Hilton, Westin, Sheraton and Holiday Inn. For more information please visit

Temple REIT is a real estate investment trust listed on the TSX Venture Exchange under the symbols TR.UN (trust units), TR.DB.A, TR.DB.B, TR.DB.C and TR.DB.S (convertible debentures). The objective of TREIT is to provide Unit holders with stable cash distributions from investment in a diversified portfolio of hotel properties and related assets. For further information on TREIT please visit