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Maryland-based REIT $DRH said it completed the sale of the Hilton Garden Inn Chelsea / New York City for $65MM to an affiliate of a China-based entity. The sale price represents a 13.5 times multiple on the hotel's adjusted EBITDA and a 6.6% capitalization rate on net operating income for the trailing 12-month period ended March 31, 2016.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.