CLEVELAND— Boykin Lodging Company sold the Holiday Inn Lake Norman in Cornelius, NC, for a price of $2.55 million. Net proceeds from the sale were used to pay down outstanding debt, according to the company. The company stated that the sale is consistent with its strategy of divesting non-core assets from its portfolio. Boykin Lodging Company is a real estate investment trust that focuses on the ownership of full-service, upscale commercial and resort hotels. The company currently owns 30 hotels containing a total of 8,668 rooms located in 18 states.
