The owner of the Ottawa Senators and the CEO of Devcore Group are part of a group bidding to purchase the iconic Fairmont Le Chateau Montebello. The resort, located on approximately 925 acres along the Ottawa River in Quebec's Papineau region, is a historic landmark known for its rustic log architecture and scenic setting.
Bidding Consortium
The consortium includes prominent business figures from the Ottawa area, leveraging their combined expertise in hospitality and sports management. The bid highlights growing interest in luxury resort properties in Canada, particularly those with strong tourism potential.
Property Details
Fairmont Le Chateau Montebello, built in 1930, is one of the largest log buildings in the world. It features 211 guest rooms, a golf course, and extensive conference facilities. The property has been a popular destination for both leisure and business travelers.
The sale process is being managed by Colliers, a global real estate services company. No official price has been disclosed, but industry analysts estimate the property could fetch a significant sum given its prime location and historical value.
Implications for Ottawa
If successful, the acquisition could strengthen ties between the Ottawa Senators organization and the Quebec tourism market. The Senators have been seeking to expand their brand presence beyond Ontario, and the Chateau Montebello offers a strategic foothold.
Devcore Group, led by CEO André Desmarais, has a strong track record in real estate development and hospitality. The company has previously invested in Ottawa-area projects, including the revitalization of the ByWard Market.
Community Reactions
Local officials have expressed cautious optimism about the bid. Montebello Mayor Nicole Bourgeois noted that the resort is a key economic driver for the region, providing jobs and attracting tourists. She hopes any new ownership will maintain the property's historic character.
Environmental groups have also weighed in, urging the bidders to prioritize sustainable practices on the expansive grounds, which include forests and wetlands.
Next Steps
The bidding process is expected to conclude later this year. The winning bidder will need to secure financing and regulatory approvals. If the Senators owner's group succeeds, it could mark a new chapter for both the hockey franchise and the historic resort.
