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 two 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 proceeds of the sale of the property in Puerto Morelos will be used to repay debt, which totalled $1.92 billion at the end of its second quarter on April 30.
Finest Resorts owns and operates Finest Playa Mujeres in Cancun, Mexico, and Finest Punta Cana, in the Dominican Republic.
The sale is expected to close in Transat's fourth quarter.
This report by The Canadian Press was first published July 10, 2023.
Homicide investigators in B.C. say murder charges have been laid against a fourth Indian national in connection to the killing of Sikh activist Hardeep Singh Nijjar outside a Surrey gurdwara last year.
A man who tried to access Drake’s Bridle Path mansion earlier this week returned to the property Saturday and was apprehended again for allegedly trespassing, Toronto police say.
Swiss singer Nemo won the 68th Eurovision Song Contest on Saturday night with 'The Code,' an operatic ode to the singer’s journey toward embracing their nongender identity.
The wildfire that prompted the evacuation of more than 3,000 people near Fort Nelson, B.C., was caused by a tree falling on wires, according to the municipality's mayor.
A man has been transported to hospital after police say he was stabbed in a random attack carried out by a group of teens in Toronto on Friday night.
Israel ordered new evacuations in Gaza's southern city of Rafah on Saturday, forcing tens of thousands more people to leave as it prepared to expand its military operation deeper into what is considered Gaza’s last refuge.
The rolling hills leading to the hamlet of Rosebud are dotted with sprawling farms and cattle pastures -- and a sign sporting a simple message: No Race Track.
From London, to Grand Bend, Collingwood and Guelph, here are some highlights of Friday night and Saturday morning's northern lights display.
Ron Ellis, who played over 1,000 games with the Toronto Maple Leafs and was a member of Canada's team at the 1972 Summit Series, has died at age 79.
A man who tried to access Drake’s Bridle Path mansion earlier this week returned to the property Saturday and was apprehended again for allegedly trespassing, Toronto police say.
The wildfire that prompted the evacuation of more than 3,000 people near Fort Nelson, B.C., was caused by a tree falling on wires, according to the municipality's mayor.
A man has been transported to hospital after police say he was stabbed in a random attack carried out by a group of teens in Toronto on Friday night.
Several hours after after police forcefully removed a camp of pro-Palestinian demonstrators from the University of Alberta, hundreds of protesters marched from downtown toward the campus.
The rolling hills leading to the hamlet of Rosebud are dotted with sprawling farms and cattle pastures -- and a sign sporting a simple message: No Race Track.
From London, to Grand Bend, Collingwood and Guelph, here are some highlights of Friday night and Saturday morning's northern lights display.
Israel ordered new evacuations in Gaza's southern city of Rafah on Saturday, forcing tens of thousands more people to leave as it prepared to expand its military operation deeper into what is considered Gaza’s last refuge.
Flash floods from unusually heavy seasonal rains in Afghanistan have killed more than 300 people and destroyed over 1,000 houses, the UN food agency said Saturday.
Biden wants the 2024 election to be a referendum on Trump's record and plans, but he also wants voters to look favourably on his own policies and actions
A growing number of civilians and police officers are demanding the dismissal and arrest of Haiti's police chief as heavily armed gangs launched a new attack in the capital of Port-au-Prince, seizing control of yet another police station early Saturday.
Donald Trump is known for leveling constant and often personal attacks on top rivals such as Joe Biden. Lately, he's increasingly taking that same approach against independent U.S. presidential candidate Robert F. Kennedy Jr.
Winnie Makinda, 35, says she is facing the worst crisis and lowest moment of her life because of the Kenyan government's response to floods that devastated her poor community in the capital of Nairobi.
Justin Trudeau says Meta is making billions off people, but taking no responsibility for the well-being of communities they profit from.
A man who was accused of sexually and physically assaulting a woman had his charges dropped in April, just weeks before he was set to stand trial in Toronto, due to a lack of judges in the region.
Canada is putting $76 million towards a German-led effort to help Ukraine defend itself from Russian missiles and aircraft, Defence Minister Bill Blair announced Friday.
For decades, North Bay, Ontario's water supply has harboured chemicals associated with liver and developmental issues, cancer and complications with pregnancy. It's far from the only city with that problem.
When you're picking something up from the floor or bending over to tie your shoe laces, you're performing "the hinge move," according to movement trainers.
A provincial coroner will be investigating the death of 68-year-old David Lippert, who suffered a cardiac arrest while waiting in a crowded emergency room in Kitchener, Ont.
Justin Trudeau says Meta is making billions off people, but taking no responsibility for the well-being of communities they profit from.
A swarm of roughly 20,000 bees gathered around a woman’s car in the parking lot of Burlington Centre.
A man who was bitten by two sharks in the Bahamas said Thursday he's 'thankful that I'm here' while sharing his story of survival.
A man who tried to access Drake’s Bridle Path mansion earlier this week returned to the property Saturday and was apprehended again for allegedly trespassing, Toronto police say.
This Mother's Day Weekend, take a look at some of the most emotional movies inspired by moms.
Swiss singer Nemo won the 68th Eurovision Song Contest on Saturday night with 'The Code,' an operatic ode to the singer’s journey toward embracing their nongender identity.
The union representing WestJet Encore pilots says its members rejected the tentative deal reached last month, with just over half voting the agreement down.
The Ontario government says it will be supporting Ontario Power Generation's plan to refurbish the R. H. Saunders Generating Station on the St. Lawrence River.
Average hourly wages among Canadian employees rose to $34.95 on a year-over-year basis in April, a 4.7 per cent increase, according to a Statistics Canada report released Friday morning.
Irresponsibly using a credit card can land you in financial trouble, but personal finance columnist Christopher Liew says when used properly, it can be a powerful wealth-building tool that can help grow your credit profile and create new opportunities.
When it comes to gardening, a lot of questions come up, including the best way to keep pets away from plants, maintaining your lawn and keeping the dandelions at bay.
Pregnancy is often an exciting and anxious time for parents-to-be. And while painting the nursery and choosing a stroller are typically on the agenda, experts say preparing financially for a maternity leave can help reduce stress later on as well.
Vladimir Guerrero Jr. went 4 for 5 with three RBIs, a run, and a stolen base as the Toronto Blue Jays rallied past the Minnesota Twins 10-8 on Saturday.
Canada’s top university football athletes gathered on the gridiron Saturday to show off their skills in the East-West Bowl at the University of Waterloo.
Ron Ellis, who played over 1,000 games with the Toronto Maple Leafs and was a member of Canada's team at the 1972 Summit Series, has died at age 79.
Tesla will spend more than US$500 million to expand its fast-charging network, CEO Elon Musk said on Friday, days after abruptly laying off employees who were running the business.
Just as she had feared, a restaurant owner from eastern Quebec who visited Montreal had her SUV stolen, but says it was all thanks to the kindness of strangers on the internet — not the police — that she got it back.
If you're cruising down a highway and realize you have a flat tire, you may want to think twice before stopping to fix it on the side of the road.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
The threat of zebra mussels has prompted the federal government to temporarily ban watercraft from a Manitoba lake popular with tourists.
A small Ajax dessert shop that recently received a glowing review from celebrity food critic Keith Lee is being forced to move after a zoning complaint was made following the social media influencer’s visit last month.
The Canada Science and Technology Museum is inviting visitors to explore their poop. A new exhibition opens at the Ottawa museum on Friday called, 'Oh Crap! Rethinking human waste.'
The Regina Police Service says it is the first in Saskatchewan and possibly Canada to implement new technology in its detention facility that will offer real-time monitoring of detainees’ vital health metrics.
Just as she had feared, a restaurant owner from eastern Quebec who visited Montreal had her SUV stolen, but says it was all thanks to the kindness of strangers on the internet — not the police — that she got it back.
The stakes have been set for a bet between Vancouver and Edmonton's mayors on who will win Round 2 of the Stanley Cup playoffs.
A grieving mother is hosting a helmet drive in the hopes of protecting children on Manitoba First Nations from a similar tragedy that killed her daughter.
Homicide investigators in B.C. say murder charges have been laid against a fourth Indian national in connection to the killing of Sikh activist Hardeep Singh Nijjar outside a Surrey gurdwara last year.
The wildfire that prompted the evacuation of more than 3,000 people near Fort Nelson, B.C., was caused by a tree falling on wires, according to the municipality's mayor.
As was predicted, some communities in B.C. experienced their warmest May 10 on record Friday, when the mercury rose to over 30 C in parts of the province.
A man who tried to access Drake’s Bridle Path mansion earlier this week returned to the property Saturday and was apprehended again for allegedly trespassing, Toronto police say.
Ron Ellis, who played over 1,000 games with the Toronto Maple Leafs and was a member of Canada's team at the 1972 Summit Series, has died at age 79.
Those who missed the dazzling display of northern lights in Ontario may have another chance on Saturday – so long as the skies clear.
The rolling hills leading to the hamlet of Rosebud are dotted with sprawling farms and cattle pastures -- and a sign sporting a simple message: No Race Track.
The actions, including the decision to use non-lethal force, to disperse pro-Palestinian protesters from the University of Calgary campus were justified, Alberta Premier Danielle Smith said Friday.
More than 300 Calgarians laced up to run five kilometres to raise money and awareness for colon cancer Saturday.
A powerful geomagnetic storm lit up the night sky on Friday and early Saturday morning, resulting in an incredible light show across eastern Ontario.
The Overbrook community is banding together to support residents after two devastating high-rise fires last week.
Those who missed the dazzling display of northern lights in Ontario may have another chance on Saturday – so long as the skies clear.
A cyclist turned herself in and received a fine after striking a four-year-old girl who was crossing the street to catch a school bus.
Quebecers across the province turned their gazes upwards on Friday night as a spectacular show in the sky was on display thanks to a solar storm hit the earth's atmosphere.
Dozens gathered on Lavoisier Boulevard in Ferland Park in Montreal on Saturday as a pair of white shoes were installed in memory of a mother and grandmother, who was struck and killed by an SUV almost four years ago in the St. Leonard borough.
Several hours after after police forcefully removed a camp of pro-Palestinian demonstrators from the University of Alberta, hundreds of protesters marched from downtown toward the campus.
Out-of-control wildfires in northern Alberta prompted a local state of emergency in the County of Grande Prairie early Saturday morning, as well as evacuation orders in the county and the Municipal District of Greenview.
The Edmonton Police Service is issuing a warning to the public about a convicted violent sexual offender who is being released.
Police in Shelburne, N.S., have charged a woman with attempted murder after an altercation led to a woman being stabbed on Friday.
One man had to be airlifted to the hospital after a serious collision in Cambridge, N.S., Friday afternoon.
As the weekend comes around, so do new movies to the box office, and this week there are a number of films to keep an eye out for.
People living in southern Manitoba should be on the lookout for severe thunderstorms Saturday evening.
Several community groups who work with the city’s vulnerable populations gathered downtown on Saturday for an event to celebrate the impact of their work on Winnipeg.
Some homes and cottages north of Flin Flon, Man. are under an evacuation order because of a growing wildfire caused by drought conditions and high winds.
The 8th annual Nagar Kirtan Parade packed the streets of Regina on Saturday, bringing the Regina Sikh community and people from surrounding areas together.
As a geomagnetic solar storm swept through Earth on Friday, people in southern Saskatchewan were able to experience a rare display of northern lights.
Prince Albert singer Rebecca Strong is on the cusp of achieving a dream on Canada’s Got Talent as she stands among the final eight contestants.
A spectacular and colourful show lit up the night sky across southwestern Ontario on Friday night.
Canada’s top university football athletes gathered on the gridiron Saturday to show off their skills in the East-West Bowl at the University of Waterloo.
New stamps have been released featuring the work of five Canadian graphic novelists, including one from Guelph, Ont.
Mitchinson Flight Centre in Saskatoon helped girls soar on Saturday with their annual "Girls Take Flight" event.
Prince Albert singer Rebecca Strong is on the cusp of achieving a dream on Canada’s Got Talent as she stands among the final eight contestants.
As a geomagnetic solar storm swept through Earth on Friday, people in southern Saskatchewan were able to experience a rare display of northern lights.
Those who missed the dazzling display of northern lights in Ontario may have another chance on Saturday – so long as the skies clear.
For decades, North Bay, Ontario's water supply has harboured chemicals associated with liver and developmental issues, cancer and complications with pregnancy. It's far from the only city with that problem.
There were some scary moments for several people on a northern Ontario highway caught on video Thursday after a chain reaction following a truck fire.
From London, to Grand Bend, Collingwood and Guelph, here are some highlights of Friday night and Saturday morning's northern lights display.
Conditions will be favourable for the development of funnel clouds in London and surrounding counties on Saturday, according to a weather advisory issued by Environment Canada.
Hundreds of people braved the early morning rain to get up close with London, Ont.’s emergency service personnel. Children were excited to climb aboard emergency vehicles and participate in emergency-related activities.
Family, friends, colleagues and strangers set off on a fundraising run on Saturday, marked by the memory of a man killed in the line of duty.
One person is dead after a two-vehicle crash in Innisfil Saturday morning.
South Simcoe Police opened their doors to visitors on Saturday as the police force marked its annual Police Week initiative.
What do you look for in a good bottle of hot sauce? Sweet or smokey flavours? Or, perhaps, you're a 'glutton for punishment' — the words of one person in attendance at Windsor's 2nd annual Heatseeker Hot Sauce Festival.
Windsor police officers have laid multiple charges against a 70-year-old man in connection with the alleged sexual assault of a minor.
The most powerful geomagnetic storm in the past 20 years resulted in some awe-inspiring images captured by people all across Windsor-Essex.
Like skywatchers across Canada, B.C. residents were treated to a dazzling display late Friday night and early Saturday morning.
The wildfire that prompted the evacuation of more than 3,000 people near Fort Nelson, B.C., was caused by a tree falling on wires, according to the municipality's mayor.
Evan Bouchard scored 5:38 into overtime and the Edmonton Oilers bounced back for a 4-3 win over the Vancouver Canucks in the second round of the Stanley Cup playoffs on Friday.
A suspect is at large after robbing a convenience store at gunpoint in Merritt, B.C., Friday, according to local police.
After four targeted shootings in four days, Mounties in Kamloops are taking the unusual step of warning the public about two men they believe are likely to be targeted in future violent incidents.
Images of steelhead and trout flicker over long sheets of paper, brought to life in blue and green crayon rubbings by the thousands.
Thousands of messages were sent between a teenage girl in the U.S. and an Alberta man posing as a young boy, a police investigation has revealed.
After a dry winter, southern Alberta farmers were expecting it to be another tough growing season.
Rural crime is on the decline, the RCMP said in a media statement released by the Southern Alberta District (SAD) late Wednesday afternoon.
The city of Elliot Lake’s arena woes are turning out to be a costly problem. The latest report that will be going before council on Monday puts the quote for repairs at $4.3 million.
The Office of the Ontario Fire Marshall has concluded its report into a fire that caused millions in damages to a property along Charles Walk in Elliot Lake back last year.
City officials in Elliot Lake, Ont., confirm that repairs to the water line on Hillside Drive North have been completed and water has been restored to all homes – however, a boil water advisory remains in effect for the entire city.
Police in Newfoundland say patrol officers were assaulted Thursday by a "very irate male" wielding a block of cheese.
Health officials say there is an outbreak of whooping cough in eastern Newfoundland.
Ontario Provincial Police are facing tough questions about their search for a missing Newfoundland trucker whose rig was found two weeks ago in Ontario, then sent back to Newfoundland, where his body was found Monday in the trailer.
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