Ottawa’s iconic Fairmont Château Laurier Hotel, has new owners.
The Capital Hotel Limited Partnership, an affiliate of Vancouver-based, privately-held Larco Investments, took over ownership of the 429-room hotel on Friday.
An official for the company was quoted in public statements as saying no visible changes were intended for the hotel and that refurbishing will continue over time.
No price was given for the transaction but this summer, Real Estate Alert, a U.S. company that monitors major real estate transactions, suggested the Château Laurier has a value of $125 million.
Ismailimail 