03:00 PM EST - Fortis Properties Corp. : a wholly owned subsidiary of Fortis Inc., agreed to purchase 4 internationally branded hotels in Alberta and British Columbia from Lodge Motel (Kelowna) Ltd. for an aggregate purchase price of $51.6 million, including assumed debt. The transaction is scheduled to close on October 31, 2006. The 4 hotels are Holiday Inn Express and Suites, and Best Western, in Medicine Hat, Alberta; Ramada Hotel and Suites in Lethbridge, Alberta; and Holiday Inn Express in Kelowna, British Columbia. Fortis Inc.
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