Announced
Completed
Financials
Tags
Canada
hotels
Acquisition
Completed
Friendly
Single Bidder
Hotels and Motels
Majority
Private
Domestic
Synopsis
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.
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