WINNIPEG, Man. — Lakeview Hotel Investment Corp. (LHIC) has announced the closing of the sale of the Lakeview Inn & Suites – Edson East hotel in Edson, Alberta for $2.9 million. All net proceeds from the sale, brokered by Colliers International Hotels, are intended to be used for debt reduction.
The purchaser of the hotel has entered into a 15-year license agreement, which will see the hotel continue to operate as a Lakeview Inn & Suites. LHIC will share in the ongoing licensing revenue.