Holloway Lodging repays C$14.3 million term loan, cuts revolving loan

By Susanna Moon

Chicago, Dec. 18 – Holloway Lodging Corp. said it repaid C$14.3 million of its syndicated term loan and reduced its committed syndicated revolving credit facility to C$21 million from C$30 million.

The repayment was funded with proceeds of its sale of the Holiday Inn hotel in Ottawa for C$50 million, according to an announcement.

Holloway is a real estate corporation focused on lodging properties. It is based in Halifax, N.S.

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