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Marriott International Completes Acquisition of Elegant Hotels Group

TORONTO — Marriott International Inc. announced the completion of its acquisition of Elegant Hotels Group plc. 

In October, Marriott and Elegant came to an agreement of an all cash offer to be made by International Hotel Licensing Company (IHLC), a wholly owned indirect subsidiary of Marriott, to purchase Elegant. 

As of December 9, Elegant is now a wholly owned subsidiary of IHLC. 

As a result, dealings in Elegant Shares on AIM were suspended with effect from 7:30 a.m. today. The cancellation of trading of Elegant Shares on AIM is expected to take place at 7:00 a.m. on Dec. 10.

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