Holloway completes buy of Clarke Inc's Royal Host
Holloway Lodging Corp (TSX: HLC) has completed its previously announced acquisition of Royal Host Inc, a Halifax, Nova Scotia-based hotel operator and portfolio company of Canadian private investment firm Clarke Inc. Holloway paid a total of $16.4 million in cash and issued more than 1.6 million common shares as consideration in the transaction. Holloway is a Halifax-based real estate company focused on acquiring, owning and operating limited service lodging properties and full service hotels.
2 July 2014•10 mins read
