Boykin Lodging Announces Sale of Holiday Inn Lake Norman
CLEVELAND, June 19 Boykin Lodging Company (NYSE:BOY), a hotel real estate investment trust, today announced the sale of the Holiday Inn Lake Norman in Cornelius, North Carolina, for a price of $2.55 million. Net proceeds from the sale were used to pay down outstanding debt.
The Company stated that the sale is consistent with its strategy of divesting non-core assets from its portfolio.
Boykin Lodging Company is a real estate investment trust that focuses on the ownership of full-service, upscale commercial and resort hotels. The Company currently owns 30 hotels containing a total of 8,668 rooms located in 18 states, and operating under such internationally known brands as Doubletree, Marriott, Hilton, Radisson, Embassy Suites, and Courtyard by Marriott among others.
Logos, product and company names mentioned are the property of their respective owners.
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