04:06 PM EST - Holloway Lodging Real Estate Investment Trust : announced that it has acquired a 90% interest in the Holiday Inn Express® hotel located in Stellarton, Nova Scotia for a purchase price of $7.9 million, net of cash acquired. Holloway paid cash on closing of $2.4 million and assumed its pro rata share of the hotel's mortgage. Holloway funded the cash purchase price using cash on hand and its credit line. Holloway expects to receive a distribution of the hotel's excess cash shortly after closing. Holloway Lodging Real Estate Investment Trust
shares T.HLR.UN are trading up $0.08 at $3.83.
