MerchantBridge has entered into a definitive agreement to invest CAD 20 million in Monaco Luxury Hotels & Resorts, an owner and operator of luxury hotels in the 4 star boutique and 5 star deluxe categories. MerchantBridge pointed to the niche market's 12% average increase in occupancy rates in Europe and North America during the first half of 2010, compared to the first half of 2008, as part of the reason why this was an attractive investing opportunity.
