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Holloway Lodging Corp completes acquisition of Royal Host

Wednesday, 2 Jul 2014 08:26am EDT 

Holloway Lodging Corp and Royal Host Inc:Completes acquisition of Royal Host Inc with effective date of July 1.As consideration for Royal Host's outstanding shares, Holloway paid total of $16.4 mln in cash and issued 1,637,967 Holloway common shares.Holloway funded $16.0 mln of cash purchase price from its existing credit facility and remainder from its cash on hand. 

Company Quote

0.16 +2.79%
30 Jun 2015