For sale: Canada's railway hotels
Buyers attracted by the 'story' behind the properties built to resemble castles
[OTTAWA] The age when rail travel dominated in Canada has long passed. But the railway-built hotels that era left behind have retained much of that period's glory and glamour.
Now a decision by Ivanhoé Cambridge, which is owned by Quebec's largest investment fund, to largely eliminate hotels from its holdings has put a handful of Canada's most famous landmarks on the market.
First to go last year was the Fairmont Chateau Laurier in Ottawa, a turreted, stone-clad castle that was home to some prime ministers and which is often assumed by some tourists to be part of the neighbouring Parliament buildings.
TRENDING NOW
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
With tech for fact-checking to cancer care, Singapore startups aim beyond home
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Why Asean matters more than ever to the UK and Singapore