Want to join the conversation?
Hotel investment company $INN said it has sold 6 hotels to affiliates of American Realty Capital Hospitality Trust (ARC) for $108.3MM. The sales proceeds were used to complete some reverse like-kind exchanges to defer otherwise taxable gains of about $74MM and to pay down $INN's unsecured revolving credit facility by $105MM.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.