Marriott to Acquire Delta Hotels in Canada
The deal, valued at approximately $135 million, will give Marriott 38 new hotels and 10,000 additional rooms in 30 cities throughout Canada, making Marriott the largest full service hotel company in the country with more than 120 hotels and 27,000 rooms.
Marriott is acquiring the Delta brand from Delta Hotels Limited Partnership, a subsidiary of British Columbia Investment Management Corp., as well as its management and franchise business, the Delta brand, and related intellectual property.
Founded in 1962 in Richmond, British Columbia, Delta Hotels and Resorts has locations in all ten Canadian provinces. It was owned by Fairmont Hotels and Resorts from 1998 through 2007.
(Photo: Accura Media Group)