Holloway Lodging Corp. | REIT Profile

Symbol: HLC
Exchange: TSX
Founded: 2012 (13 years)
HQ: Halifax, NS, Canada
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Hotel

See HLC on Yahoo Finance

Holloway Lodging Corporation is focused on owning and operating select and limited service hotels in secondary, tertiary and suburban markets. Holloway's common shares trade on the Toronto Stock Exchange (TSX) under the symbol HLC. Holloway REIT was initially formed as a capital pool company (CPC) known as Holloway Capital Corporation (HCC) on November 17, 2005. It completed its initial public offering of its shares on February 17, 2006. HCC became a publicly listed company on the TSX-Venture Exchange on February 20, 2006. On June 7, 2006, HCC undertook its qualifying transaction through the acquisition of the 50-room, Super 8 Motel in Truro, Nova Scotia for $4.6 million. Simultaneously, HCC was reorganized into Holloway Lodging REIT and undertook a private placement of 430,000 trust units at $2.00 per unit. On December 31, 2012, Holloway Lodging REIT converted from a trust to a corporation.