trending Market Intelligence /marketintelligence/en/news-insights/trending/dfcmxXrdxC4oA5qHbOfdVA2 content esgSubNav
In This List

Transat sells minority interest in Ocean Hotels for US$151M

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Transat sells minority interest in Ocean Hotels for US$151M

Transat A.T. closed the sale of its 35% minority interest in Ocean Hotels to H10 Hotels for US$150.5 million in cash, ahead of the target Nov. 2 closing date.

The interest had a book value of C$110.7 million as at July-end, Transat said in a release.

According to President and CEO Jean-Marc Eustache, the deal will accelerate Transat's development of its own hotel chain.