Gaylord Entertainment Co. (GET: Quote) announced Thursday morning that it has agreed to sell the Gaylord Hotels brand and the rights to manage its four hotels to Marriott International Inc. (MAR: Quote) for $210 million in cash.
Gaylord Entertainment gapped open sharply higher Thursday, but traded in a range throughout the session. Shares finished up by 3.47 at $37.95 on the highest volume of the year. The stock broke out of a one-month range and set a new high for the year.
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by RTT Staff Writer
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