Minden Helps Concord Sell 4 Canadian Marriott Hotels

Law360, New York (November 22, 2011, 2:42 PM EST) -- Raleigh, N.C.-based Concord Hospitality Enterprises Inc. has sold four Marriott hotels in Canada to Genesis Hospitality Inc. and is planning to acquire and develop four new sites in the country, the hotel manager and developer said Tuesday.

Concord, the largest operator of Marriott-branded properties in Canada, will continue to run the four hotels in Ontario, according to the company's statement.

"This is our first transaction with Genesis, and we look forward to the opportunity to build on that relationship," Concord CEO Mark Laport said.

Genesis, based in Brandon,...
To view the full article, register now.