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Marriott Acquires Delta Hotels For $168M

WASHINGTON DC 06.15.2017

MID-ATLANTIC HEALTHCARE REAL ESTATE FORUM

Development, Leasing, Design and the Impact of Regulatory Reform

Paula Crowley -- Anchor Health Properties
Gill Wylie -- Johns Hopkins Medical Management Corporation
Charles Weinstein -- ​Children's National Medical Center
BcIMC-owned Delta Toronto in South Core

Marriott International announced last week it's acquiring the Delta Hotels and Resorts brand and management and franchise business from Delta Hotels for $168M, making it the country’s largest full-service hotel company, according to the company. Founded in 1962 in Richmond (with a motor inn named Delport Inn) today the Delta brand includes 38 hotels and 10,000 rooms in 30-plus cities nationwide, including the new flagship Delta Toronto (above.) The acquisition of Delta—subject to Canadian Competition Bureau approval—will increase Marriott's presence in Canada to more than 120 hotels and 27,000 rooms. Marriott CEO Arne Sorenson noted the plan is to grow the Delta brand in Canada and globally.