TravelBrands Inc. provides travel agency services. It offers vacation packages to Mexico, the Caribbean, Costa Rica, the United States, and internationally; cruise vacations, and air and hotel/resort packages; and last-minute deals and sell-offs on package vacations, flights, hotels, and cruises. The company also offers booking services for flights, hotels, attractions, rail passes, and car rentals; and land and air packages, escorted tours, Australia Pacific tours, independent touring vacations, day tours, sightseeing, motor home rentals, ferry service, yachting, rail, hotel passes, accommodation, and honeymoon packages. In addition, it provides touring holidays, safaris, flexible short-sta...
5450 Explorer Drive
Mississauga, ON L4W 5N1
Founded in 1983
TravelBrands Inc. to Settle with Landlord of 75 Eglinton
Sep 21 15
TravelBrands Inc. filed documents with the Ontario Superior court of Justice that detail significant progress it has made towards emerging from Companies' Creditors Arrangement Act (CCAA) protection, including the development of a Plan of Compromise that would see affected creditors paid in full. The company announced that it has decided to enter into a settlement with the landlord of 75 Eglinton, which will be memorialized in an agreement that is currently being discussed between the relevant parties and will be executed in the near term. The Landlord Settlement will provide for the settlement of claims and potential claims of the Landlord against TravelBrands and certain related parties. Having reached agreements with stakeholders regarding the most pressing legacy issues associated with the Company's CCAA filing, TravelBrands is now better positioned to compete and flourish over the longer term.