Marriott Completes Acquisition of Delta Hotels and Resorts

Marriott has completed the acquisition of the Delta Hotels and Resorts brand and management and franchise business from Delta Hotels Limited Partnership, a subsidiary of British Columbia Investment Management Corporation.

The transaction increases Marriott’s distribution in Canada to more than 120 hotels and 27,000 rooms.

With the closing of the Delta transaction, Marriott’s development pipeline in Canada exceeds 45 properties and 7,300 rooms.

Marriott’s Delta portfolio comprises a range of hotels and resorts with 37 hotels and nearly 10,000 rooms in more than 30 cities across Canada.

Arne Sorenson, Marriott International’s President and Chief Executive Officer, said, “We can now officially say ‘welcome’ and ‘bienvenue’ to approximately 6,500 new colleagues at both managed and franchised hotels across Delta’s portfolio. We look forward to the growth of the Delta brand throughout Canada and beyond. As we integrate the Delta brand and hotels into the Marriott International family, together we will work toward new opportunities in the years to come.”

Marriott plans to fully integrate Delta hotels onto its booking engine and Marriott Rewards platform.

According to the Canadian Tourism Commission, more than 15 million international travelers visited Canada in 2014, and the U.S. Office of Travel and Tourism Industries estimates that Canadians made nearly 20 million trips to the U.S. in 2014.

Under terms of the agreement, Marriott acquired the Delta management and franchise business, as well as the Delta brand and related intellectual property. Marriott paid C$170 million (which is approximately US $134 million at current exchange rates).