HUMPHREY HOSPITALITY TRUST, INC. ANNOUNCES APPOINTMENT OF FINANCIAL ADVISORS

Columbia, Maryland - Humphrey Hospitality Trust, Inc. (The Nasdaq National Market: HUMP), a REIT which owns 92 limited service hotels in 19 midwestern and eastern states, today announced the appointment of Cohen & Steers Capital Advisors, LLC (Cohen & Steers) as financial advisor to advise and assist the REIT’s committee of independent directors in exploring various alternatives available to the REIT. As announced on March 29, 2001, the REIT's board of directors formed the committee to evaluate the information recently received from the lessee of its hotel properties, Humphrey Hospitality Management, Inc., which disclosed that the lessee has incurred and expects to continue to incur, substantial losses from the leasing and operation of the REIT's hotels.

Cohen & Steers Capital Advisors, LLC is a New York City based investment banking firm that provides financial advisory services to public and private real estate companies.  Humphrey Hospitality Trust, Inc. is a self-advised real estate investment trust specializing in limited-service lodging. More information on Humphrey Hospitality can be found at www.humphreyhospitality.com.


This press release may contain “forward-looking” statements as described in Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements usually include words like “believes,” “anticipates” and “expects” and describe our expectations for the future. These expectations may not be met in important ways for a variety of reasons, which are described in our Current Report on Form 8-K filed with the SEC on January 22, 2001, and in other reports we file with the SEC.

SOURCE:  Humphrey Hospitality Trust, Inc. Press Release