Canadian chain Delta Hotels and Resorts is being taken over by Marriott International for $135 million.
Delta has 38 hotels and 10,000 rooms in more than 30 cities across Canada.
The deal will increase Marriott’s portfolio in Canada to more than 120 hotels and 27,000 rooms, making Marriott the largest full service hotel company in the country.
Marriott is acquiring the Delta management and franchise business, as well as the Delta brand and related intellectual property.
President and chief executive Arne Sorenson 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 US
“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.”
David Grissen, group president overseeing The Americas for Marriott International, said: “At completion, this transaction will propel Marriott to a leading position in Canada.
“Canada represents the largest international source market for our hotels in the US, and the integration of Delta into Marriott’s 4,100 plus hotel global portfolio will provide new travel opportunities for both Delta and Marriott customers.
“We expect integrating Delta into Marriott’s systems, sales engines, Marriott.com, and the more than 49 million member Marriott Rewards loyalty programme will create meaningful operational synergies for owners and franchisees.”
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