An unknown buyer acquired Travelodge Hotel in Sydney, Nova Scotia and Super 8 Hotel in Truro, Nova Scotia from Holloway Lodging Corporation (TSX:HLC) for CAD 8.1 million on August 6, 2019. The sale price for the Travelodge Sydney was CAD 5.1 million, representing price per room of approximately CAD 43,200. The sale price for the leasehold interest in the Super 8 Truro was CAD 3 million representing price per room of CAD 60,000. Holloway expects to use the net sale proceeds to repay CAD 4.8 million of its amortizing term loan and CAD 2.9 million of its revolving credit facility. An unknown buyer completed the acquisition of Travelodge Hotel in Sydney, Nova Scotia and Super 8 Hotel in Truro, Nova Scotia from Holloway Lodging Corporation (TSX:HLC) on August 6, 2019.