Marriott to acquire Canada’s Delta Hotels

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The Delta Bessborough in Saskatoon, Saskatchewan.
The Delta Bessborough in Saskatoon, Saskatchewan.

Marriott International has agreed to acquire upper-upscale chain Delta Hotels and Resorts for approximately $135 million. The deal would include the Canadian company's management and franchise businesses.

Delta has 38 hotels across Canada. Its flagship Delta Toronto opened in December.

“We didn’t have the same platform that Delta ultimately provides us in [Canada] in terms of brand recognition,” Noah Silverman, chief development officer of full-service hotels in Marriott International’s North America region, said on Tuesday on a panel at the Americas Lodging Investment Summit in Los Angeles.

He added that while Delta management in recent years tried to push the brand upmarket into the upper-upscale sector occupied by the Marriott, Hyatt and Hilton brands, Marriott International would keep Delta in the upscale full-service sector where he said the brand is more “comfortable.”

When the transaction is completed, Marriott International will increase its number of hotels in Canada to 120.

“Delta has an impressive portfolio of hotels that are among the most preferred in Canada,” said Marriott CEO Arne Sorenson.  “With this acquisition, we are continuing our focus on building our brand portfolio and growing in attractive regions outside the U.S.”

Marriott said it expects to close the deal in the second quarter, pending approval the Canadian Competition Bureau and others.

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