Temple Real Estate Investment Trust : Temple Hotels Inc. Announces January 2013 Monthly Dividend

2600 Seven Evergreen Place, Winnipeg, Manitoba R3L 2T3

Tel: [phone] Fax: [phone] E-mail: [e-mail] Website: www.templehotels.ca

TEMPLE HOTELS INC. Press Release TEMPLE HOTELS INC. ANNOUNCES JANUARY 2013 MONTHLY DIVIDEND

Winnipeg, Manitoba January 21, 2013 - Temple Hotels Inc. ("Temple") (TSX: TPH) announced today that it has declared a dividend in the amount of $0.045 per share for the month ended January 31, 2013. Payment will be made on February 15, 2013 to the shareholders of record at the close of business on January 31, 2013.
Eligible shareholders have the opportunity to reinvest their dividends in accordance with Temple's Dividend Reinvestment and Share Purchase Plan. Additional details can be found in the investor information section of Temple's website, www.templehotels.ca/drip.asp.
The dividend is designated as an "eligible" dividend under the Income Tax Act (Canada) and any corresponding provincial legislation. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits which reduce income tax otherwise payable.
Temple is a real estate investment company listed on the Toronto Stock Exchange under the symbols TPH (common shares), TPH.DB.B, TPH.DB.C, TPH.DB.D and TPH.DB.E (convertible debentures). The objective of Temple is to provide shareholders with stable cash dividends from investment in a diversified portfolio of hotel properties and related assets. For further information on Temple, please visit our website at www.templehotels.ca.
FOR FURTHER INFORMATION PLEASE CONTACT:
Arni Thorsteinson , Chief Executive Officer, or Gino Romagnoli, Investor Relations
Tel: [phone], Fax: [phone], Email: [e-mail]

The Toronto Stock Exchange has not reviewed or approved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.