Fairmont Château Laurier building up for sale
Quebec pension fund selling a number of hotel properties in North America and Europe
The iconic building that houses the Fairmont Château Laurier, just steps from Parliament Hill, is up for sale.
The building is owned by the real-estate subsidiary of the pension fund Caisse du dépôt et placement du Québec.
Sébastien Théberge, a spokesman for Ivanhoé Cambridge, confirmed Thursday that the company's two capital city properties in North America — the Château Laurier and the Fairmont Washington, D.C., Georgetown — are presented for sale in the market as a pair.
The company has sold five properties so far this year: four in Paris and another in downtown Toronto. In 2012, Théberge said the company sold more than 20 properties.
A number of the company's hotel properties were deemed "non-strategic" in 2012, he said.
Théberge wouldn't say exactly when the Château Laurier was put up for sale, though he said it was "recently."
He would also not confirm a Real Estate Alert report that the Ottawa and Washington properties combined are worth an estimated $310 million.
The Château Laurier was first opened in 1912 by Sir Wilfrid Laurier, Canada’s seventh Prime Minister. It was commissioned by Charles Melville Hays, general manager of the Grand Trunk Pacific Railway, and was designed by Ross and Macfarlane of Montreal.