January 17, 2017 / 1:54 PM / in 10 months

BRIEF-Holloway Lodging Corp announces sale of Holiday Inn Hotel in Oakville, ON

Jan 17 (Reuters) - Holloway Lodging Corp :

* Holloway Lodging Corp announces sale of holiday inn hotel in Oakville, ON

* Holloway Lodging Corp - sale price for hotel was $19.4 million

* Holloway Lodging Corp - initially, Holloway will apply sale proceeds to reduce its debt

* Holloway Lodging Corp - estimates that it will record a gain on sale of approximately $7.9 million in q1 of 2017

* Initially, Holloway will apply sale proceeds to reduce its debt Source text for Eikon: Further company coverage:

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