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Lakeview Hotel to list 2 properties under amended credit agreement

Lakeview Hotel Investment Corp. agreed to list two of its hotel properties by Jan. 31, 2019, under an amended credit agreement.

The company also agreed to sell at least one of those hotel properties within a specified time period and to amend certain reporting covenants in the amended and restated credit agreement.

Lakeview will use the sale proceeds to pay down certain debt.

The company amended the credit agreement with a syndicate of lenders led by Alberta Treasury Branches and including Business Development Bank of Canada and Roynat Capital.