Two Iconic Fairmont Properties Up for Sale
Two of Canada's most iconic hotels -- the Royal York in Toronto and the Hotel Vancouver in British Columbia -- have been put up for sale by Quebec's giant pension plan, the Caisse de dépôt et placement du Québec, according to press reports. The two luxury properties, both managed by Fairmont Hotels and Resorts, were built by Canadian Pacific Hotels. The 1,365-room Royal York opened in 1929 and has 32 meeting rooms. The 556-room Hotel Vancouver opened in 1939 and has 55,000 square feet of meeting space.