Acquiring Company
Snuneymuxw First Nation
Acquired Company
Courtyard by Marriott Nanaimo
British ColumbiaGamingNon ProfitCommunitiesDescription
Snuneymuxw First Nation has completed the acquisition of the Courtyard by Marriott Nanaimo, taking full ownership of the hotel. Previously, the property was jointly owned with PEG Companies from Utah. The acquisition aims to bring prosperity to the First Nation and enhance local tourism. Financial terms of the deal were not disclosed.
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Based on deal dataFrequently asked
Who acquired Courtyard by Marriott Nanaimo?
Courtyard by Marriott Nanaimo was acquired by Snuneymuxw First Nation, based in British Columbia. The deal was reported on August 15, 2026. Snuneymuxw First Nation is an Indigenous community located in Nanaimo, British Columbia. The Nation focuses on economic development and sustainable growth strategies. Snuneymuxw First Nation is privately held and operates in Gaming.
When did Snuneymuxw First Nation acquire Courtyard by Marriott Nanaimo?
Snuneymuxw First Nation's acquisition of Courtyard by Marriott Nanaimo was reported on August 15, 2026. Snuneymuxw First Nation has completed the acquisition of the Courtyard by Marriott Nanaimo, taking full ownership of the hotel. Previously, the property was jointly owned with PEG Companies from Utah. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Courtyard by Marriott Nanaimo do?
The Courtyard by Marriott Nanaimo is a nine-storey hotel featuring 172 guest rooms. It is designed to cater to both tourists and conference attendees. The hotel opened in March 2023 and aims to address the accommodation shortage in downtown Nanaimo. It is privately held.