Allied Hotel Properties Inc. Announces Satisfaction of Purchaser's Condition

On February 22, 2010 Allied Hotel Properties Inc. ("Allied") (TSX VENTURE:AHP),
through a wholly owned subsidiary, entered into a hotel purchase agreement (the
"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 hotel (the "Property").


Allied is pleased to announce that this transaction has now closed. The purchase
price of $47.8 million was satisfied by $36.0 million cash and a vendor
take-back mortgage (the "VTB mortgage") in the amount of $11.8 million. The VTB
mortgage is secured as a second charge against the hotel property and by a
personal guarantee from a principal of the Purchaser. The VTB mortgage carries
interest at a rate of 7.5% per annum, payable monthly, and matures on October 5,
2012. Allied will continue to manage the hotel on behalf of the new owner.


Allied is a hotel ownership and management company. Its hotel portfolio consists
of the Crowne Plaza Chateau Lacombe in Edmonton, Alberta (management only) and
the Toronto Don Valley Hotel & Suites in Toronto, Ontario (ownership and
management). Allied also owns a 50% undivided 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:

Mr. John R. Ellen, Secretary and Chief Financial Officer