{"id":829657,"date":"2026-07-27T18:03:09","date_gmt":"2026-07-27T18:03:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/829657\/"},"modified":"2026-07-27T18:03:09","modified_gmt":"2026-07-27T18:03:09","slug":"international-hotel-company-westmont-hospitality-to-buy-chateau-montebello","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/829657\/","title":{"rendered":"International hotel company Westmont Hospitality to buy Ch\u00e2teau Montebello"},"content":{"rendered":"

Ottawa<\/a><\/p>\n

Westmont Hospitality won the bidding process and is poised to buy the historic Fairmont Le Ch\u00e2teau Montebello hotel, according to court documents.<\/p>\n

Owner was forced to liquidate assets in 2024, starting bidding process<\/p>\n

CBC News \u00b7 Posted: Jul 27, 2026 9:45 AM EDT | Last Updated: 1 hour ago<\/p>\n

\"Text<\/p>\n

Listen to this article<\/p>\n

Estimated 1 minute<\/p>\n

The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.<\/p>\n

\"AFairmont Le Ch\u00e2teau Montebello hotel east of Gatineau, Que., was purchased by China Evergrande Group in 2014. The company’s finances deteriorated to the point it was forced to liquidate its assets in 2024. (\u00c9liane Doucet\/Radio-Canada)<\/p>\n

Westmont Hospitality won the bidding process and is poised to own the historic Fairmont Le Ch\u00e2teau Montebello hotel, according to court documents.<\/p>\n

The hotel’s owner,\u00a0China Evergrande Group, was told by a judge\u00a0early in 2024<\/a>\u00a0that with $300 billion US in liabilities and no plan to refinance,\u00a0it was time for the company to liquidate its assets<\/a>.<\/p>\n

The Superior Court of Quebec turned the sale over to accounting giant PricewaterhouseCoopers (PwC)\u00a0last November<\/a>. <\/p>\n

PwC filed for court approval of the sale on Friday.<\/p>\n

Westmont beat out competition including a group with<\/a>\u00a0Ottawa Senators owner Michael Andlauer, Spa Nordik founder Martin Paquette and major Ottawa-Gatineau developer\u00a0Devcore.<\/p>\n

The company owns and operates hundreds of hotels around the world.<\/p>\n

With files from Radio- Canada’s Benjamin Vachet and Olivier Daoust<\/p>\n

Corrections and clarifications<\/a>\u00b7Submit a news tip<\/a>\u00b7Report error<\/p>\n","protected":false},"excerpt":{"rendered":"Ottawa Westmont Hospitality won the bidding process and is poised to buy the historic Fairmont Le Ch\u00e2teau Montebello…\n","protected":false},"author":2,"featured_media":829658,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48],"class_list":["post-829657","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/829657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=829657"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/829657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/829658"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=829657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=829657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=829657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}