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Holloway Lodging Sells Two Nova Scotia Hotels

HALIFAX — Holloway Lodging Corporation has sold its Travelodge hotel in Sydney, N.S., as well as is leasehold interest in the Super 8 hotel located in Truro, N.S.

The sale price for the Travelodge Sydney was $5.1 million, representing a cap rate of 7.3 per cent and a price-per-room of approximately $43,200. The sale price for the leasehold interest in the Super 8 Truro was $3.0 million, representing a cap rate of approximately 10.9 per cent and a price-per-room of $60,000.

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