The deadline for submitting bids to acquire the iconic Château Montebello has been extended by 13 days, now set for June 22. The extension was announced by PricewaterhouseCoopers (PwC), the firm managing the bankruptcy sale of the historic log-cabin hotel.
Extension Details
According to a notice dated June 8 and addressed to potential buyers, the winning bid was originally expected to be announced on June 9. However, the new timeline pushes back several key milestones in the sales process, including the auction date, selection of the final bid, and closing, all by the same 13-day period. The notice did not specify reasons for the extension.
Interested Bidders
Among the bidders is a consortium of prominent entrepreneurs, including Ottawa Senators owner Michel Andlauer, Devcore Group CEO Jean-Pierre Poulin, and Le Nordik spa founder Martin Paquette, along with other real estate investors. This group has been described as an "all-star" team of local business leaders.
The property, known as the Fairmont Château Montebello, is the world's largest log cabin and sits on the Ottawa River. It was put up for sale in 2024 by China Evergrande, a Hong Kong-based real estate group, as part of bankruptcy proceedings.
This article includes files from Aedan Helmer.
