WestCoast Announces Proposed Public Offering

PRNewswire-FirstCall SPOKANE, Wash. Nov. 4 :

WestCoast Hospitality Corporation (the “Company”) announced today that it
has filed a registration statement with the Securities and Exchange
Commission relating to a proposed public offering by its subsidiary,
WestCoast Hospitality Capital Trust, of up to $46,000,000 of trust
preferred securities. The proceeds of the offering will be used in part to
redeem all of the Company`s outstanding Series A and Series B Preferred
Stock. The offering, which will be conducted through a firm commitment
underwriting, is expected to commence in late 2003 or early 2004.

A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
Certain of the terms and conditions of the trust preferred securities are
described in the registration statement. These securities may not be sold
nor may offers to buy be accepted prior to the time the registration
statement becomes effective. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.

This release includes forward-looking statements. The Company has based
these statements on our current expectations and projections about future
events. When words such as “anticipate,” “believe,” “estimate,” “expect,”
“intend,” “may,” “plan,” “seek,” “should,” “will” and similar expressions
or their negatives are used in this release, these are forward-looking
statements. Many possible events or factors could affect the Company`s
future financial results and performance and cause actual results or
performance to differ materially from those expressed, including events
and factors disclosed in the registration statement referred to above or
in other documents filed by the Company with the Securities and Exchange