09:55 AM EST - Holloway Lodging Corp. : has acquired the Ramada® hotel located in Whitehorse, Yukon for $8.2 million. The purchase price implies a cap rate of 11.5% based on estimated net operating income for the first year following acquisition. Concurrent with the closing of the acquisition, the hotel has been rebranded as a Days Inn®. Holloway Lodging Corp.
shares T.HLC are trading up $0.13 at $5.38.
