A local group bidding on the Fairmont Chateau Montebello has presented an 'upped bid' to purchase the iconic property, promising millions of dollars for restoration and upgrades. The Ottawa NewsGroup, which is leading the effort, announced the increased offer on July 7, 2026, as reported by CTV News.
Details of the Bid
The group has not disclosed the exact amount of the new bid, but sources indicate it is significantly higher than the initial offer. The funds would be used to restore and upgrade the historic resort, which has been a landmark in Montebello, Quebec, since its construction in 1930. The property, known for its distinctive log architecture and sprawling grounds, has been operated by Fairmont Hotels & Resorts.
Community and Economic Impact
The bid has garnered attention from local officials and residents, who see the potential for economic revitalization. 'This is a once-in-a-lifetime opportunity to preserve a national treasure while boosting local tourism,' said a spokesperson for the group. The restoration could create jobs and attract visitors, benefiting the surrounding region.
However, the sale process remains competitive, with other potential buyers also expressing interest. The final decision rests with the current owners, who have not yet commented on the bid.
