Quebec · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 28 January 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- financial positionnote: Liquidation value described as unknown, likely lower than SISP-achieved value; no liabilities figure stated in the report. · as at: 2023-12-31 · basis: net book value · scope: Debtor's property (hotel property and unsold Mount Wescott lots) · currency: CAD · total assets: 35000000
- operational summaryThe hotel continues to operate as a going concern under Fairmont, facing liquidity pressures including Moneris' withholding of credit-card deposits and deferred capital expenditures, while the Receiver pursues a sale and investment solicitation process (SISP) and interim DIP financing to sustain operations through closing.
- report date28 January 2026
- report noFirst Report of the Receiver