Transat AT signs deal to sell property in Mexico to Finest Resorts for US$38 million – Business News
Transat to sell property
The Canadian Press – Jul 10, 2023 / 9:50 am | Stories: 436138
Photo: The Canadian Press
Transat AT Inc. says it has sold a piece of land in Mexico to resort company Finest Resorts for US$38 million.
The travel company says the sale is part of its plan to focus on its airline business as it tries to return to profitability after more than three years of losses.
Transat noted it announced in 2018 that it bought the land as part of the development of a hotel subsidiary which it discontinued in 2021.
It says…