The CEOs and entrepreneurs bidding for the world’s largest log cabin on the Ottawa River will have to wait a little longer for a decision to be made.
The bidding process for the Fairmont Château Montebello will be extended until June 22, according to a notice of extension from audit and consulting giant PricewaterhouseCoopers (PwC) which is running the bankruptcy sale.
The winning bidder was originally expected to be announced June 9.
The notice, dated June 8, is addressed to bidders for the property, which includes a group comprising an “all-star” team of Ottawa Senators owner Michel Andlauer, Devcore Group CEO Jean-Pierre Poulin, Le Nordik spa founder and CEO Martin Paquette and other real estate entrepreneurs.
It also states that several other deadlines in the sales process — which include the auction date, the selection and closing of the final successful bid — will be pushed back by the same 13 calendar days.
The notice did not include reasons for the extension.
The luxury log cabin was put up for sale in 2024 by China Evergrande , a Hong Kong-based real estate group.
— With files from Aedan Helmer
