10:55 AM EST - Holloway Lodging Corporation : Sold the Holiday Inn hotel in Ottawa for $50.0 million. The property sold consists of the hotel, an adjacent property that is leased to Lone Star Grill® and adjacent vacant land. The sale price represents a cap rate of approximately 8.2%. Holloway estimates that it will record a gain on sale of approximately $26.3 million in the fourth. Holloway Lodging Corporation
shares T.HLC are trading up $0.45 at $6.35.
