Ottawa's iconic Fairmont Château Laurier hotel sold
No visible changes coming to 429-room hotel, new owners say
The iconic building that houses the Fairmont Château Laurier, just steps from Parliament Hill, has been sold.
The Capital Hotel Limited Partnership, an affiliate of Vancouver’s Larco Investments, took over the hotel on Friday.
It was previously owned by the real-estate subsidiary of the pension fund Caisse du dépôt et placement du Québec.
The sale price has not been released, but it is believed to be in the $100-150 million range.
The new owners have said they would not make any visible changes to the hotel, though they would refurbish the building over time.
It was announced the hotel was up for sale in July.
Canada’s seventh prime minister, Sir Wilfrid Laurier, first opened the 429-room hotel in 1912.
It was commissioned by Charles Melville Hays, general manager of the Grand Trunk Pacific Railway, and was designed by Ross and Macfarlane of Montreal.