WEQ Holdings Inc T.WEQ

RE:RE:Announcement Today

[RainMaker888]

closed for damage assessment ...MISSISSAUGA, ON, May 5, 2016 (Canada NewsWire via COMTEX News Network) -- Temple Hotels Inc. ("Temple") (TSX:TPH) continues to monitor the wildfires in the Fort McMurray area. "We are concerned for the families and workers directly affected, and first responders who bravely continue to fight the fire" said Rai Sahi, Chief Executive Officer of Temple. Temple properties located in Fort McMurray have been evacuated safely and will remain closed until relevant authorities determine it is safe to allow staff and guests to return. At this time, it is not known how the fire has affected any of Temple's properties in Fort McMurray. However, Temple has support teams ready to attend the properties, assess damages, and assist with the safe reopening of its hotels. Fort McMurray and the surrounding areas remain under mandatory evacuation. We are watching the situation closely, however, due to the uncertainty and unpredictability of this natural disaster, we are unable to provide further details at this time. Temple will be working with emergency services and government agencies to provide support as needed. Temple's Fort McMurray portfolio comprises 890 rooms in 9 properties. Temple maintains insurance coverage based on industry best practices and insurance standards, and include Liability, Property, Boiler and Machinery insurance programs that extend for Building, Contents and loss of Revenue. Temple will continue to provide updates as additional information becomes available.