LOF, REIT MFFO tops 16%; Lodging Opportunity Fund, REIT Announces 3rd Quarter Distribution

Fargo, N.D. (December 17, 2014) – Lodging Opportunity Fund, REIT ("LOF-REIT") today announced its 3rd Quarter distribution and consolidated financial results. LOF-REIT's year-to-date MFFO was $1.21 per share or 16.3% annualized MFFO on invested capital.

The REIT's Board of Trustees has approved, and LOF-REIT has paid a quarterly distribution of $0.15 per share of Common Stock and $0.15 per Class A and B Partnership Units for the period of July 1, 2014 through September 30, 2014 to holders of record as of September 30, 2014. This equates to a 6% annualized return.

"The ability of our property portfolio to generate MFFO 2.7 times in excess of our current distribution rate demonstrates the Fund's Trustee ' commitment to our shareholders," said Corey Maple, LOF-REIT's Board Chairman. "As the newest fund in LOF's family of funds, LOF REIT is making strategic acquisitions designed to deliver income and value."

About Lodging Opportunity Fund
Lodging Opportunity Fund is a family of Hospitality-focused funds including Lodging Opportunity Fund, LLLP (closed to new investors) and Lodging Opportunity Fund, REIT (currently open). The funds acquire and operate hotel properties throughout the Heartland of the United States. LOF uses its unique business model, acquisition strategy and diversified hotel asset portfolios to provide both steady, predictable income and capital appreciation over a planned 5-year hold. For more information visit www.LodgingFund.com.

LOF's second fund, LOF-REIT, purchased its first hotel in December 2013 and is currently growing its hospitality portfolio.

For more information please contact Barb Bougie at 701.281.7130 or bbougie@lodgingfund.com
www.LodgingFund.com
2014 Lodging Opportunity Fund