Ottawa·NewAccounting giant PricewaterhouseCoopers (PwC) has taken over the sale of the Fairmont Le Château Montebello from its troubled Chinese owners.Court ordered Chinese ownership to sell last yearCBC News · Posted: Nov 19, 2025 3:18 PM EST | Last Updated: 8 minutes agoListen to this articleEstimated 1 minuteThe audio version of this article is generated by text-to-speech, a technology based on artificial intelligence.The Château Montebello opened in 1930 and was bought by the China Evergrande Group in 2014. (Luc Tremblay/Radio-Canada)Accounting giant PricewaterhouseCoopers (PwC) has taken over the sale of the Fairmont Le Château Montebello from its troubled Chinese owners.A judge in Hong Kong told current owner China Evergrande Group early in 2024 that with $300 billion US in liabilities and no plan to refinance, it was time for the company to liquidate its assets. The historic log resort in western Quebec then went up for sale. The Superior Court of Quebec turned the sale over to PwC earlier this month.Fairmont, which is contracted to manage the hotel for several more decades, told Radio-Canada the financial problems won’t affect operations, blaming them on the owner.The former Canadian Pacific Railway hotel, located on the Ottawa River between Ottawa and Montreal, boasts more than 200 guest rooms, a golf course, dozens of kilometres of skiing and snowmobile trails, and a 26,000-hectare game preserve.In 1930, 10,000 western red cedars were transported from B.C. to construct what’s known as the world’s largest log building. Evergrande bought the hotel in late 2014.With files from Radio-Canada
Château Montebello sale now in the hands of accounting firm
