Aug 26, 1998
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Cavanaughs Hospitality Corporation Launches 1-877-CVH-NEWS

Cavanaughs Hospitality Corporation Launches 1-877-CVH-NEWS

Investors now able to receive financial information by phone as well as on new internet pages

SPOKANE, WA -- Cavanaughs Hospitality Corporation (NYSE:CVH) today announced that it has launched 1-877-CVH-NEWS, an automated shareholder information line, as well as new investor pages on its internet site, www.cavanaughs.com.

1-877-CVH-NEWS is a toll free number that will allow investors to hear or receive the full text of information including news releases and earnings announcements as well as twenty minute delayed CVH stock quotes. Those who call in can receive financial information including 10Q's and news releases, all mailed within 8 business hours. Investors may also speak to a service representative 24 hours a day.

The www.cavanaughs.com internet site now includes an investor section with a twenty minute delayed CVH stock quote as well as graphs of past stock performance, EDGAR filings, press releases, earnings estimates and a list of the analysts who provide them. Printed materials can be requested through the site and investors can sign up to receive future news by e-mail. The Company recently launched Cavanaughs Great Northwest Escapes, a new all-inclusive packaging program designed for the leisure traveler. Hotels corporate-wide are offering one-stop shopping escapes that feature deluxe accommodations coupled with exciting recreational opportunities, shopping excursions, theatre performances and more. Promotions will rotate on a seasonal basis; current packages available in most cities incorporate golf, shopping, broadway, family getaway and romance themes. Package information is available through Cavanaughs toll-free reservations line and is showcased on Cavanaughs Hotels' Internet pages.

Cavanaughs Hospitality Corporation serves the Northwest with 3,756 full service hotel rooms in 18 hotels, including 45 restaurants and lounges and 179,900 square feet of meeting space. In addition, CVH provides entertainment services through G&B Select-a-Seat, a 20-outlet computerized ticket company, and G&B Presents, a Broadway and special event presenting company. CVH also manages 3.1 million square feet of third party property management, 2,200 residential units, and owns 590,000 square feet of office and retail space.

Statements in this release may be construed to be forward looking and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward looking statements involve risks and uncertainties, including without limitation, risks relating to the operation and acquisition of hotels, the availability of capital to finance growth, and the historical cyclicality of the lodging industry, as well as the other matters disclosed in the documents filed by the Company with the Securities & Exchange Commission.