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Fairmont Montebello Enters Receivership Amid $63.9M Debt Crisis

11/22/2025

29 5 Full Breakdown

Summary

Story summary

The Fairmont Le Château Montebello in Quebec entered receivership due to $63.9 million in debt.
PricewaterhouseCoopers Inc. became the receiver on November 3, 2025.
The owners are Millennium Golden Jiachen Hotel Holdings Ltd. and 4345118 Canada Inc., linked to Evergrande International Hotels Group Ltd.
The hotel is valued at $34.1 million with $47.6 million in identified assets, including $5 million cash; Evergrande’s collapse raises concerns.

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Story summary

The Fairmont Le Château Montebello in Quebec entered receivership due to $63.9 million in debt.
PricewaterhouseCoopers Inc. became the receiver on November 3, 2025.
The owners are Millennium Golden Jiachen Hotel Holdings Ltd. and 4345118 Canada Inc., linked to Evergrande International Hotels Group Ltd.
The hotel is valued at $34.1 million with $47.6 million in identified assets, including $5 million cash; Evergrande’s collapse raises concerns.