July 14, 2017 – First Canadian Management Corp. ("FCMC"), through its affiliated companies, announced today that it has completed the acquisition of Charlottetown Inn & Conference Centre (the "Hotel"), a 143 unit hotel offering interior pool, fitness facility and over 8,000 square feet of meeting space. The Hotel is a well-known landmark in the Charlottetown hospitality landscape and is situated in a historic area of downtown Charlottetown.

"We are very pleased to add Charlottetown Inn & Conference Centre to the FCMC family of hotels, located in the historic city of Charlottetown and beautiful province of PEI" said FCMC President & CEO, Fayaz Manji. "Looking forward, we hope to enhance the quality of the guest experience at this hotel. We also look to continue our expansion plan vis-à-vis future strategic geographic acquisitions as we grow our portfolio."