Ivanhoé Cambridge to invest $140 mln in Montréal hotel
Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, has agreed to invest $140 million in a renovation project planned for Fairmont The Queen Elizabeth, a major hotel located in downtown Montréal. The hotel will close in mid-2016 until the project is completed in June 2017. Earlier this month, Ivanhoé partnered with the Blackstone Group to acquire New York's Stuyvesant Town and Peter Cooper Village.
29 October 2015•5 mins read
