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Fortis sells hotel assets for $365M; follows $430M sale of commercial properties

2015-07-07 08:53:14| Energy - Topix.net

ST. JOHN'S, N.L. - Fortis Inc. says it has signed a deal to sell the hotel assets of subsidiary Fortis Properties Corp. to a private investor group for $365 million as the company moves to focus on its core utilities business. "The disposition of these hotel and real estate assets is consistent with the corporation's focus on its core utility business," said president and CEO Barry Perry.

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