Accor: EU clears joint acquisition of Rimrock Resort Hotel
(CercleFinance.com) - The European Commission announces that it has cleared the acquisition of joint control of Rimrock Resort Hotel by Parks Bottom Co Real Estate Holdings Inc.
("Parks Bottom"), Oxford Properties ("Oxford") and Accor Management Canada Inc ("Accor").
The Rimrock Resort Hotel is a resort hotel located in Banff, Alberta, Canada.
Parks Bottom holds real estate assets on behalf of the Government of Singapore.
Oxford is owned by OMERS Administration Corporation, a global property owner, investor, developer and manager. Oxford invests globally in real estate assets.
The Commission concluded that the proposed acquisition would not give rise to any competition concerns as Rimrock Resort Hotel has no activities in the European Economic Area.
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