Feb 29, 2000
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Cavanaughs Hospitality Corporation Begins Trading Under New Symbol, Weh; Changes Name To Westcoast Hospitality Corporation

Cavanaughs Hospitality Corporation Begins Trading Under New Symbol, Weh; Changes Name To Westcoast Hospitality Corporation SPOKANE, WA – Cavanaughs Hospitality Corporation (NYSE:CVH) reported today that the previously announced corporate name change, to WestCoast Hospitality Corporation, takes effect on March 1, 2000. In connection with the corporate name change, on March 1 the newly named WestCoast Hospitality Corporation also begins trading on the New York Stock Exchange under the symbol WEH, replacing the former trading symbol, CVH.

The name change was announced in December 1999, in connection with the acquisition of WestCoast Hotels, Inc., headquartered in Seattle, Washington, which includes 27 full-service hotels in 7 western States. With the announcement, Cavanaughs stated its intent to re-brand 18 of 19 Cavanaughs hotels to the WestCoast brand, giving the combined company a presence in 9 states with 46 hotels. The Company expects the re-branding process to be completed during 2000.

WestCoast Hospitality Corporation intends to aggressively grow the brand by obtaining management and franchise revenues while taking sliver equity positions in certain hotel projects.

WestCoast Hospitality Corporation serves the western United States with 8,766 hotel rooms in 46 hotels. WestCoast provides entertainment services through TicketsWest.comTM, which encompasses computerized ticketing operations in Washington, Oregon, Idaho, Montana and Colorado, and aggregates content for travel and entertainment that is sold in real-time at its www.TicketsWest.com website. TicketsWest.comTM also includes WestCoast Entertainment, formerly Cavanaughs Entertainment, a Broadway and special event presenting company. G&B Real Estate Services is the real estate division of WestCoast Hospitality Corporation and owns 590,000 square feet of commercial real estate and manages 3.4 million square feet of Company and third party owned commercial real estate, and 2,000 units of third party owned apartment and condominium properties.