THUNDER BAY -- A pair of Thunder Bay hotels have been sold for $15 million.
But a release from owner Holloway Lodging Corporation does not specify to whom it sold the the two properties, the Travelodge Hotel and the Airlane Hotel and Conference Centre.
According to the release, issued on Thursday, the rate works out to about $60,500 per room.
After closing costs Holloway, which recently agreed to sell its shares to Clarke Inc., will net about $13.5 million. The company owns 21 hotels with 2,475 rooms.