CALGARY — Royal Host Real Estate Investment Trust (TSX:RYL.UN), a Calgary-based hotel owner, says it has finalized a deal to sell the Grand Okanagan Lakefront Resort and Conference Centre in Kelowna, B.C. for $131 million. Royal Host will book a $78 million gain on the sale, slated to close Aug. 14, the Calgary trust said Monday. The real estate company did not identify the buyer of the Kelowna property.
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