Marriott to Expand in Canada With Acquisition of Delta Hotels For $135 Million
Photo Credit: The view from the restaurant at the Delta Kingston Waterfront Hotel. Delta Hotels and Resorts
Skift Take
Marriott International's pending acquisition of Delta Hotels and Resorts is part of Marriott's plan to expand its portfolio internationally. Canada is a huge source market for Marriott's U.S. hotels so the acquisition should boost business on both sides of the border.
Marriott International says its definitive agreement to acquire Canada's Delta Hotels and Resorts for $135 million would make Marriott the largest full-service hotel company in Canada.
The acquisition price is some 10 times Delta Hotels' ann
