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$LHO said it agreed to sell Indianapolis Marriott Downtown to affiliates of White Lodging Services Corp. and REI Investments for $165MM. The company acquired the hotel in Feb. 2004 for $106MM. $LHO expects the transaction to close early in 3Q16. Proceeds will be used to reduce borrowings on senior unsecured credit facility.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.