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Transat announces the sale of its interest in Marival Armony Luxury Resort

Newswire.ca - Thu Dec 14, 2023

Proceeds to be used to pay down indebtedness

MONTREAL, Dec. 14, 2023 /CNW/ - Transat A.T. Inc. ("Transat" or the "Corporation") entered into a sale and purchase agreement for its 50 % equity interest in the Armony Luxury Resort & Spa, Marival Collection (previously known as Rancho Banderas All Suites Resort), located near Puerto Vallarta on the Pacific coast of Mexico (the "Hotel"), to its co-shareholder, the owner of the Marival Group. The transaction in the amount of US$15.5 million is expected to close during Transat's 2024 first quarter.

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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