Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
November 23, 2011

Concord sells four Canadian Marriott hotels to Genesis

Concord Hospitality Enterprises, the largest operator of Marriott-branded properties in Canada, has sold a portfolio of four hotels to Manitoba-based private investment group Genesis Hospitality.

Concord Hospitality Enterprises, the largest operator of Marriott-branded properties in Canada, has sold a portfolio of four hotels to Manitoba-based private investment group Genesis Hospitality.

Under the agreement, Concord will continue to operate the properties.

In addition, Concord will invest $1m in each of its remaining Ontario hotels, with completion by the end of the first quarter 2012.

The hotels, which were developed by Concord, include the 132-suite Residence Inn by Marriott Toronto Vaughan, the 94-room Courtyard by Marriott Mississauga Airport/Corporate Centre West, the 133-suite Residence Inn Mississauga Airport/Corporate Centre West and the 136-room and suite Courtyard by Marriott Hamilton.

Related Companies

Content from our partners
Untapped: How Turks and Caicos is primed for tourism investment
Untapped: How Turks and Caicos is primed for tourism investment
LG smart hospitality solutions in a post-COVID era

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU