Mr. Brian Mitts reports

NEXPOINT HOSPITALITY TRUST ANNOUNCES UPDATE TO UPCOMING UNITHOLDER MEETING

In connection with Nexpoint Hospitality Trust's annual and special meeting of unitholders, an additional 817,905 units held by Liberty CLO Holdco Ltd. (through NHT Holdco LLC) will be excluded from the resolution approving certain amendments to the COVID loans (as described in the management information circular for the meeting filed on SEDAR+ on Sept. 21, 2023) pursuant to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. As a result, a total of 21,988,443 units will be excluded from voting on the resolution, such units being beneficially owned or controlled, or deemed under applicable law to being beneficially owned or controlled by James Dondero.

After taking into account the additional 817,905 units, Mr. Dondero, together with the persons and entities which are directly or indirectly controlled by him, beneficially owns or exercises control or direction over, 21,988,443 units, representing an approximate 74.91-per-cent ownership interest in the REIT (74.39 per cent, assuming conversion of all outstanding Class B units of the REIT's operating partnership, NHT Operating Partnership LLC).

The units held by Mr. Dondero are being held for investment purposes and he may, depending on market and other conditions, increase or decrease his beneficial ownership or control of the units whether through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.

About Nexpoint Hospitality Trust

Nexpoint Hospitality is a publicly traded real estate investment trust, with its units listed on the TSX Venture Exchange under the ticker NHT.U. Nexpoint is focused on acquiring, owning and operating well-located hospitality properties in the United States that offer a high current yield and in many cases are underperforming assets with the potential to increase in value through investments in capital improvements, a market-based recovery, brand repositioning, revenue enhancements, operational improvements, expense inefficiencies, and exploiting excess land or underutilized space. Nexpoint ownsnine9 branded properties sponsored by Marriott, Hilton, Hyatt and Intercontinental Hotels Group, located across the United States. Nexpoint is externally advised by Nexpoint Real Estate Advisors VI LP.