Montréal, October 29, 2015 – The Board of Trade of Metropolitan Montreal is delighted with the $140 million investment announced today by Ivanhoé Cambridge, which will restore Fairmont the Queen Elizabeth’s position as a leading business destination. This investment demonstrates the confidence of investors, and the partnership with Sid Lee shows the spirit of innovation and creativity that fuels our city.
“This is an inspiring private investment against the backdrop of Montréal’s 375th anniversary,” said Michel Leblanc, President and CEO of the Board of Trade of Metropolitan Montreal. “This project, which includes an updated business centre concept, will enhance our city’s image as a destination for business events. We encourage other companies to follow suit and invest now in renewing their customer experience to be ready for the celebrations in 2017.”
“This partnership highlights the involvement of one of the flagships of the real estate sector, Ivanhoé Cambridge, in developing and revitalizing downtown Montréal,” Mr. Leblanc said. “We are also pleased with the involvement of a Montréal leader in the creative industries, Sid Lee, to help make the hotel a unique, multifunctional destination.”
About the Board of Trade of Metropolitan Montreal
The Board of Trade of Metropolitan Montreal is made up of over 7,000 members. Its mission is to be the voice of Montréal’s business community and to promote the city’s prosperity. It is involved in key areas of economic development, advocating a philosophy of action based on engagement, credibility, proactivity, collaboration, and innovation. The Board of Trade also offers a range of specialized services to individuals and to businesses of all sizes to support them in their growth at home and abroad.
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Michelle LLambias Meunier
Senior Advisor, Public Relations, and Press Attaché
Board of Trade of Metropolitan Montreal
Phone: 514 871-4000, extension 4042
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