Posted Jan 27, 2015, 5:05 PM
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Join Date: Oct 2010
Location: YYC
Posts: 2,748
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Marriott Buys Delta Hotels
Quote:
Marriott Signs Definitive Agreement to Acquire Delta Hotels and Resorts Delta-Toronto Expects to Become Largest Full Service Hotelier in Canada.
BETHESDA, Md., January 27, 2015 – Continuing its rapid global expansion, Marriott International, Inc. (NASDAQ: MAR) announced today it has signed definitive agreements to acquire the Delta Hotels and Resorts® brand and management and franchise business from Delta Hotels Limited Partnership, a subsidiary of British Columbia Investment Management Corporation (bcIMC) for C$168 million (approximately $135 million).
The Delta brand comprises a diverse range of hotels and resorts with 38 hotels and 10,000 rooms in more than 30 cities across Canada. Delta offers a fresh approach to the guest experience, including its new ModeRoom™ guest room designs, innovative use of new technologies, and new properties, such as its flagship Delta Toronto located at the hub of Canada’s hottest high-rise neighborhood, South Core. When completed, the transaction will increase Marriott’s distribution in Canada to more than 120 hotels and 27,000 rooms, making Marriott the largest full service hotel company in Canada. [Click here for images.]
Arne Sorenson, president and chief executive officer of Marriott International, said, “Delta has an impressive portfolio of hotels that are among the most preferred in Canada. With this acquisition, we are continuing our focus on building our brand portfolio and growing in attractive regions outside the U.S. Combining the strong Delta brand with Marriott’s hotel development expertise will accelerate growth of the brand in Canada and in other markets around the world.”
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http://news.marriott.com/2015/01/marriot...to-acquire-delta-hotels-and-resorts.html
Looks like the new terminal will have Marriott Branded hotel rather than Delta Hotel.
As a Marriott Rewards Platinum Elite status holder this is great news.
I suspect the current Delta Calgary airport will get branded into Courtyard chain with the new Hotel becoming a Full Service Marriott.
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