Gaylord Entertainment Co. (GET) 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) 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.
For comments and feedback: editorial@rttnews.com