PURCHASE, N.Y., March 1, 2011 /PRNewswire/ -- Eagle Hospitality Properties Trust, Inc., a Maryland corporation (the "Company"), today announced the date of the 2011 Annual Meeting of Stockholders.  The Annual Meeting will be held on Tuesday, April 12, 2011, at 11:00 a.m., local time, in Conference Room 37D at the offices of Skadden, Arps, Slate, Meagher & Flom LLP, Four Times Square, New York, New York 10036.  The Board of Directors has fixed the close of business on March 3, 2011 as the record date for the determination of stockholders of the Company entitled to notice of, and to vote at, the Annual Meeting.

The purposes of the Annual Meeting are: (1) for the holders of the Company's 8.25% Series A Cumulative Redeemable Preferred Shares ("Series A Preferred Shares") to elect two directors to the Company's Board of Directors; (2) for the holders of the Company's common stock, $0.01 par value per share, to elect five directors to the Company's Board of Directors; and (3) to transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof.

The Board of Directors has extended the time period permitted in the Bylaws of the Company for nominations for director by the holders of Series A Preferred Shares from ten days from this public announcement to the close of business on April 5, 2011.  Such nominations should be sent to the Secretary of the Company at 2 Manhattanville Road, Purchase, New York  10577.  Any stockholder's nomination shall include (1) the name, age and address of the stockholder and the nominee, a summary of the qualifications of the nominee to serve as a director and a statement of the number of Series A Preferred Shares that are owned beneficially or of record by the stockholder and the nominee; (2) a certificate from the nominee confirming his or her willingness to serve as a director and that he or she meets the director qualification requirements set forth in the Bylaws of the Company; and (3) any other information required by the Bylaws of the Company.

Eagle Hospitality Properties Trust, Inc. is not soliciting proxies in connection with the Annual Meeting, and holders of Series A Preferred Shares are requested not to send a proxy to Eagle Hospitality Properties Trust, Inc. in connection with the Annual Meeting.

Please refer to the charter of Eagle Hospitality Properties Trust, Inc. (f/k/a AP AIMCAP Corporation), including the Articles Supplementary of Eagle Hospitality Properties Trust, Inc. (f/k/a AP AIMCAP Corporation) for a description of the Series A Preferred Shares and to the Bylaws for a description of the procedures for nominating a director.  A copy of the charter and Bylaws, and certain information relating to the Series A Preferred Shares, can be found on the Company's website at www.eaglehospitality.com.

SOURCE Eagle Hospitality Properties Trust, Inc.