Halifax, Nova Scotia; October 1, 2019 – Holloway Lodging Corporation (“Holloway”) is pleased to announce the successful completion of the previously announced plan of arrangement under Section 182 of the Business Corporations Act (Ontario) (the "Arrangement"), whereby Clarke acquired all of the issued and outstanding common shares of Holloway that it did not already own. All conditions of closing have been satisfied by both parties. Pursuant to the Arrangement, Holloway shareholders will receive 0.65 of a Clarke common share for each Holloway share they own.