Transat Enters Joint Venture with H10

28th November 2007 (Last Updated November 28th, 2007 10:23)

Canadian tour operator Transat AT is to enter a joint venture with Barcelona-based H10 Hotels to own and operate five hotels in Mexico and the Dominican Republic. The deal is the largest in the company's history, valued at US$55m. Two of the five hotels are set to open in Dec

Canadian tour operator Transat AT is to enter a joint venture with Barcelona-based H10 Hotels to own and operate five hotels in Mexico and the Dominican Republic.

The deal is the largest in the company’s history, valued at US$55m.

Two of the five hotels are set to open in December.

Transat is one of the largest hotel room-night buyers in the area and aims to add a new hotel every 18 months to increase its number of rooms from 1,600 to between 5,000 and 6,000.

By Felicity Crump