Bidding window for Château Montebello extended

2 weeks ago 8

The chimney in the main atrium of the Chateau Montebello. The log-cabin hotel has been up for sale since 2024.

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The CEOs and entrepreneurs bidding for the world’s largest log cabin on the Ottawa River will have to wait a little longer for a decision to be made.

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The bidding process for the Fairmont Château Montebello will be extended until June 22, according to a notice of extension from audit and consulting giant PricewaterhouseCoopers (PwC), which is running the bankruptcy sale.

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The winning bidder was originally expected to be announced June 9.

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The notice, dated June 8, is addressed to bidders for the property, which includes a group comprising an “all-star” team of Ottawa Senators owner Michel Andlauer, Devcore Group CEO Jean-Pierre Poulin, Le Nordik spa founder and CEO Martin Paquette and other real-estate entrepreneurs.

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It also states that several other deadlines in the sales process — which include the auction date, the selection and closing of the final successful bid — will be pushed back by the same 13 calendar days.

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The notice did not include reasons for the extension.

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The luxury log cabin was put up for sale in 2024 by China Evergrande, a Hong Kong-based real-estate group.

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— With files from Aedan Helmer

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