InnVest Hotels completed the acquisition of 10 Ontario and Halifax hotels from Morguard for $410m.

InnVest Hotels, a hospitality company, completed the acquisition of 10 Ontario and Halifax hotels from Morguard, a Canadian real estate company, for $410m. “We are delighted to announce our largest acquisition since 2007 which demonstrates confidence in our vertically integrated hospitality organization and the Canadian hotel market. We welcome the 766 new team members that have joined our organization,” Lydia Chen, InnVest President and CEO.