Château Montebello resort bought by Chinese real estate group
Operations will continue as usual for hotel's 350 employees, hotel director says
The Fairmont Le Château Montebello resort complex in west Quebec has been purchased by Evergrande, a major Chinese real estate group making its first investment in Canada.
The director of the hotel confirmed the sale Thursday and said operations will continue as usual for the hotel's 350 employees.
The announcement was made Wednesday and hotel management met Thursday with employees to answer questions.
The financial terms of the sale were not disclosed.