British Columbia Investment Management Corporation announced today that it has acquired Delta Hotels Limited from Fairmont Hotels & Resorts Inc.

"As Canada's leading first class hotel brand, Delta is an ideal fit with bcIMC's investment strategy to expand our diversified real estate portfolio to include hospitality. Delta's brand recognition, experienced management and dedicated employees will be a strong complement to our diversified portfolio of assets and contribute to our ability to help finance the retirement benefits of more than 400,000 residents of British Columbia," said Doug Pearce, bcIMC's CEO & CIO. "We are delighted to be working with Delta and its management team to build on the company's current success and to further expand its collection of properties."


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> Delta Sherbrooke