Posted Jul 7, 2026, 2:35 PM
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Moderator
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Join Date: Mar 2012
Location: Ottawa
Posts: 28,611
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Lots of articles on the Château Montebello. Support for the local bid comprised of Sens owner Michael Andlauer, owners of Elevate Real Estate, Devcore President Jean-Pierre Poulin and Groupe Nordik Founder Martin Paquette.
Decision should be made July 10th.
Quote:
Vente du Château Montebello: Mathieu Lacombe et la mairesse de Gatineau donnent leur appui au groupe local
Par Megan Rochette, Initiative de journalisme local
6 juillet 2026 à 12h52
La course à l’acquisition du Château Montebello entre dans sa phase décisive. Alors qu’une décision pourrait être rendue au cours des prochains jours, la mairesse de Gatineau et le député de Papineau affichent leur appui au groupe d’investisseurs local.
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https://www.ledroit.com/actualites/actua...groupe-local-4AIKYHGTDBETFAQOFD33PU33J4/
Quote:
Group including Michael Andlauer boosts Château Montebello bid
A court-supervised bidding process is expected to conclude on July 10.
Michael McBean, Ottawa Sun
Published Jul 06, 2026
==SNIP==
“We understand now the selection process is not just about the highest bidder, but also on the capability of the team to deliver the vision, to close on the transaction, to deliver the project after closing, and to have a smooth transition for the employees while keeping Fairmont,” he said.
Poulin said the consortium recently received a letter of support from Gatineau mayor Maude Marquis-Bissonnette.
If successful, the group plans to invest between $100 million and $150 million over the next four years to renovate the property, expand the marina and golf course, and add around 125 hotel rooms in a new building connected to the existing resort ahead of the Château Montebello’s 100th anniversary in 2030.
The 211-room resort was put up for sale after Hong Kong-based China Evergrande was ordered into liquidation.
==SNIP==
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https://ottawasun.com/news/local-news/andlauer-montebello-bid?tbref=hp
Quote:
Château Montebello bidders would build 125 new suites, pump up to $150M into resort, Devcore owner says
David Sali, OBJ
July 6, 2026
A group of local entrepreneurs bidding to buy the Fairmont Château Montebello plans to invest more than $100 million into upgrading the historic resort with 125 new luxury hotel suites and other amenities that would include a “spa right on the mountain,” one of the partners in the bid told OBJ on Monday. Devcore president […]
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https://obj.ca/chateau-montebello-bidders-would-build-125-new-suites/
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