March 16, 2015 — OTTAWA, ON — Competition Bureau
The Competition Bureau has issued a No Action Letter with respect to Marriott International, Inc.’s (Marriott) proposed acquisition of the Delta Hotels and Resorts brand and related business from Delta Hotels Limited Partnership (Delta).
The Bureau concluded that this transaction is unlikely to result in a substantial lessening or prevention of competition due to, among other things, the presence of effective remaining competitors, including chain hotels and independent hotels, in each geographic area of overlap.
A No Action Letter confirms that the Bureau has reviewed a proposed transaction and concluded that it will not, at this time, challenge the proposed transaction before the Competition Tribunal under the merger provisions of the Competition Act.
- The Delta hotel business operates and franchises 38 properties in more than 30 cities across Canada.
- Marriott International, Inc. is a lodging company based in Bethesda, Maryland, USA, with more than 4,100 properties in 79 countries and territories. The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands.
- As part of its normal approach in examining a merger, the Bureau consults with a wide range of industry participants, such as suppliers, competitors and customers.
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