Hotel Property Investments announced that it is with deep sadness and sincere condolences that the HPI Board advises of the sudden death this morning of non-Executive Chairman, Ray Gunston. Ray has been a Director of HPI since its creation and listing in 2013 and has provided invaluable guidance and mentorship to the Board and employees during his tenure. Ray's calm demeanour, eagle eye for the detail and gentle guidance of his colleagues will be greatly missed by the HPI Board and Management.