• Marriott Canada acquisition

Marriott has paid USD135m to acquire the Canadian hotel brand Delta Hotels and Resorts. Delta currently operates 38 hotels with 10,000 rooms across more than 30 Canadian cities.

Delta parent British Columbia Investment Management Corporation owns 13 Delta of the properties, and is signing new management agreements with Marriott. As a result of the deal, Marriott will be the largest full service hotel company in Canada.

Read the full story here:

http://news.marriott.com/2015/01/marriott-signs-definitive-agreement-to-acquire-delta-hotels-and-resorts.html

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