On July 1, Holloway Lodging Corp. acquired hotel operator Royal Host for $16.4-million cash and 1,637,967 Holloway shares. Holloway now has 36 hotels across Canada. Based on net operating income, 41 per cent of the company's portfolio is located in Alberta, and 29 per cent in Ontario.
So far in July, five insiders who are either officers or directors have bought a net 46,055 shares through either options or the public market. The largest buyer was director Dustin Haw, who bought 33,700 shares in the public market between $4.30 and $4.35.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.