Quote:
Originally Posted by WhipperSnapper
The way I see it is BCIMC still owns a number of Delta branded hotels and Marriott is an opportunity to expand the brand internationally. Don't see Marriott paying tens of millions for a brand simply to throw away.
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$168 million.
BCIMC wasn't very good at managing a hotel chain. The delta flag is suffering. Selling off the brand to Marroitt is definitely a good thing. Most of their properties I've stayed at in the past five years are sorely dated.
I was just thinking that Marriott has a couple of properties in the downtown area, with a couple more proposed. With the flag purchase, Marriott could possibly not be interested in the 7 tower, leaving BCIMC looking for another flag. Or Marriott might possibly cancel one of their other proposals. Or they might forge ahead with all proposals. Who knows?
The way I see it, going forward with all three proposals may be a bit too ambitious for Marriott, especially considering this year's economic climate in Calgary.