Starbucks has agreed to buy Redford in exchange for an unspecified amount of cash.
Redford is based in New York and has been an anchor tenant of the former Starbucks of New York for more than a decade.
Redford will become a part of Starbucks, which is launching a new restaurant in the New York City area in the coming weeks.
Starbucks, which opened in Canada in 2011, will use Redford’s space to open two new restaurants, including one in the U.S. The company will also add its first restaurants in China and Mexico.
Starbucks is aiming to open 50 to 60 new locations in the next two years, including some in the United States.
The deal with the hotel chain marks the first major acquisition in the fast-food industry.
McDonald’s is also expanding its presence in Canada.
A Starbucks spokeswoman said the deal is expected to close in the second half of this year.
It’s not clear when Starbucks will open its first Canadian restaurant.
Last month, Starbucks agreed to pay $8.7 billion for the iconic Canadian fast-casual chain The Breakfast Club, which was once owned by a group of billionaires and has remained a symbol of Canadian capitalism.