MONTREAL — Ivanhoé Cambridge announced Oct. 29 that it is investing $140 million to renovate Fairmont The Queen Elizabeth, in downtown Montreal.
During the renovations, the hotel will close in mid-June 2016 and will reopen in June 2017. All the common areas and about 500 guestrooms will be ready for the celebrations marking the 375th anniversary of Montreal and the 150th anniversary of Canadian Confederation. The remainder of the rooms will be completed by December 2017.
Currently, the hotel is operating with 982 guestrooms; that number will drop to 952 to accommodate the substantial event and banquet space that the renovation will add.
The closing will affect more than 600 employees, the vast majority of whom will be laid off temporarily for a period of about nine to 12 months. During that time, a small transition team, consisting of sales, marketing and essential services personnel, as well as outside catering services, will be maintained.
The renovation will add a business campus that will include a set of interconnected and accessible public meeting and multifunctional spaces where businesspeople will be able to engage in creative and collaborative experiences.
After the refurbishment, the hotel will offer an array of restaurants and bars, and an urban market that will be unique in downtown Montreal. Its new open spaces will host cultural and commercial events and activities.