BRIEF-Holloway Lodging Corp. announces sale of Travelodge hotel in Barrie, ON
Sept 26 (Reuters) - Holloway Lodging Corp
* Holloway Lodging Corp. announces sale of Travelodge hotel in Barrie, ON
* Does not anticipate paying any tax on sale of property
* Holloway estimates that it will record a gain on sale of approximately $3.0 million in Q3 of 2016
* Sale price for hotel is $8.7 million
* Holloway Lodging Corp says initially, Holloway will apply sale proceeds to reduce its credit line balance Source text for Eikon: Further company coverage:
© Thomson Reuters 2017 All rights reserved.