Marriott International has completed the acquisition of Canada’s Delta Hotels & Resorts.
The deal will see Marriott take control of the Delta brand and its management and franchise business from Delta Hotels Limited Partnership, making Marriott the biggest full-service hotel group in Canada, with more than 120 hotels and 27,000 rooms.
The acquisition is worth CA$170 million (approximately US$136m) and has already seen 13 Delta hotels sign new 30-year management agreements with Marriott.
The move also continues Marriott’s global expansion strategy; last year the company acquired South Africa’s Protea Hotels, in a deal that made it the largest hotel operator in Africa.
“We can now officially say ‘welcome’ and ‘bienvenue’ to approximately 6,500 new colleagues at both managed and franchised hotels across Delta’s portfolio,” said Arne Sorenson, Marriott’s president & CEO. ‘
“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.”
The Delta acquisition also means that Marriott’s development pipeline in Canada now exceeds 45 properties and 7,300 rooms. This will help the company achieve its previously announced target of having more than one million rooms either open or in the pipeline by the end of 2015.
Last year alone, Marriott opened more than 46,000 rooms worldwide and signed agreements for a further 100,000.