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Château Montebello resort bought by Chinese real estate group

CBC News | Posted: December 18, 2014 6:46 PM | Last Updated: December 18, 2014

Operations will continue as usual for hotel's 350 employees, hotel director says

Image | Inside the Château Montebello

Caption: The resort complex was the site of a meeting in 2007 between Prime Minister Stephen Harper U.S. President George W. Bush and Mexican President Felipe Calderon. (Michel Aspirot/CBC)

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.

Image | Chateau Montebello Château Montebello

Caption: The Chateau Montebello is located about halfway between Ottawa and Montreal in west Quebec. (Michel Aspirot/Radio-Canada)

The historic log resort, situated between Ottawa and Montreal, has been up for sale since this summer by Oxford Properties, the real estate arm of the Ontario Municipal Employees pension fund.
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.

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