ST.ANDREWS, N.B. — New Brunswick’s Algonquin Resort may soon be rebranded under Marriott’s Autograph Collection, according to CBC News and Canadian Press.
A provincial government statement indicates it has entered final negotiations with a consortium, which includes New Castle Hotels and Resorts and Southwest Properties. N.B. Tourism and Parks Minister Trevor Holder told CP a letter of intent had been signed and all involved have up to 60 days for due diligence before the deal is complete.
The Tudor-style hotel, which features a golf course, opened in 1889. It was acquired by the Canadian Pacific Railway Co. in 1903, sold to local owners in 1970 and subsequently leased to the province in 1973, which bought it outright in 1984.
For the complete story about Algonquin Resort’s demise, visit cbc.ca.