Temple Hotels Inc. announced that Morguard Corporation has determined that April 1, 2016 be the Management Turnover Date pursuant to the conditions of an asset management assignment and transition agreement under which Shelter Canadian Properties Limited agreed to assign to Morguard the amended and restated asset management agreement dated December 31, 2012 between Temple and Shelter. On April 1, 2016 the directors accepted the resignations of Mr. Arni Thorsteinson, as Chief Executive Officer, Mr. Larry Beeston, as Chief Financial Officer and Secretary, and Mr. Gino Romagnoli as Executive Vice President and have appointed: K. Rai Sahi as Chief Executive Officer; Paul Miatello as Chief Financial Officer; Eugene Hretzay as Secretary; Beverley G. Flynn as Vice President; Patrick Seward as Vice President; and Sanjay Ratejay as Vice President.