Marriott to buy Canada's Delta Hotels for £89m

Marriott International is set to add 38 hotels across Canada to its portfolio in a deal worth $135m (£89m).

Delta Hotels
Delta Hotels
The transaction is still subject to various third party and governmental consents, but once complete would increase Marriott’s properties in Canada to more than 120, making it the largest full service hotel company in the country.

Arne Sorenson, president and chief executive officer of Marriott International, said the acquisition continues the company's growth plans outside of 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," he commented.

David Grissen, group president overseeing The Americas for Marriott International, added: "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 United States, 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 program will create meaningful operational synergies for owners and franchisees."

Under the agreement, Marriott will acquire the Delta management and franchise business, as well as the Delta brand and related intellectual property.

Once the necessary approvals are in place, the parties expect to close the transaction in the second quarter of 2015.

C&IT reported earlier today how Marriott plans to introduce its new affordable lifestyle brand Moxy Hotels into the US market.

Marriott announced last week that it aims to have more than one million rooms open or under development across the globe by the end of 2015.

More:

Top 100 US meeting hotels named

4 of the best... international hotel openings for 2015

New York's Knickerbocker Hotel set for February opening

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Dear C&IT: B2B events should be fun too

Dear C&IT: B2B events should be fun too

Rasha El-Shirbini from The fresh Group says whether it's consumer or B2B, think of delegates as humans first.

BCD M&E appoints chief operating officer

BCD M&E appoints chief operating officer

New COO will manage leaders from five regions, as the agency continues its global growth plan.

Is the cost of a venue the most important factor for corporate event planners?

Is the cost of a venue the most important factor for corporate event planners?

A panel at C&T’s Corporate Forum discusses what really matters when planners and suppliers work together.

Deadline for C&IT incentives survey this Friday

Deadline for C&IT incentives survey this Friday

Want to be recognised as one of the UK’s top incentive agencies? Complete this quick survey by 31st January.

What you need to know about the Coronavirus threat

What you need to know about the Coronavirus threat

Risk intelligence company assesses the response to the outbreak and its impact on travel.

Why delegates on a tropical incentive were happy to clean the beach

Why delegates on a tropical incentive were happy to clean the beach

Dell Technologies' StaceyLynn Hoaglan explains how the company is tackling its sustainability challenges.

Freeman hires new creative director amid 'significant' growth

Freeman hires new creative director amid 'significant' growth

Brand experience company makes appointment to lead its experiential creative team from the Soho office in London.

Event planners' top picks for Singapore revealed

Event planners' top picks for Singapore revealed

We asked two experts who have organised events in the country to share their experiences of the sovereign state.

How planners can prepare for a terror attack

How planners can prepare for a terror attack

Counter-terrorism expert Richard Pendry has advice for event organisers on how to respond to critical incidents.

Crisis planning: 'As an industry we are falling behind'

Crisis planning: 'As an industry we are falling behind'

Dale Parmenter, group CEO at DRPG, says event planners must take more responsibility for learning how to protect their delegates.

LATEST JOBS