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Two Thunder Bay hotels sold

Holloway Lodging sells pair of properties for $15 million
Airlane Hotel T-Bay
Airlane Hotel, Thunder Bay

Holloway Lodging Corp. announced the sale of its Travelodge hotel and Airlane Hotel & Conference Centre in Thunder Bay.

The Aug. 22 release does not identify the new owners.

The sale price for the two hotels was $15 million and a price per room of approximately $60,500.

Halifax-based Holloway is a publicly traded real estate corporation with ownership in 21 hotels and 2,475 rooms.