Eagle Hospitality Properties Trust Declares Dividends for Second Quarter

Business Wire, June 1, 2007

COVINGTON, Ky. -- Eagle Hospitality Properties Trust, Inc. (NYSE:EHP) today announced that its Board of Directors has declared a quarterly cash dividend of $0.175 per share of its common stock for the second quarter of 2007.

The second quarter dividend is payable on July 16, 2007 to holders of record on June 29, 2007. This represents a 5.2 percent annualized dividend yield based on the Company's closing common share price of $13.37 on May 31, 2007.

The Board of Directors has also declared a quarterly dividend of $0.515625 per 8.25% Series A Cumulative Redeemable Preferred Share for the period from April 1, 2007 to June 30, 2007. The preferred dividend will be payable on July 2, 2007 to holders of record on June 15, 2007.

Eagle Hospitality Properties Trust, Inc. is a real estate investment trust focused on investment opportunities in the full-service and all-suite hotel industry. The Company owns 13 upper upscale full-service and all-suite hotels encompassing approximately 3,516 guest rooms with premier brands including Hilton, Embassy Suites, Marriott and Hyatt. The hotels are located in Arizona, California, Colorado, Florida, New York, Kentucky, Ohio, Illinois, Massachusetts and Puerto Rico. More information on the Company can be found at www.eaglehospitality.com.