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Westmont to acquire Evergrande’s Canadian hotel

PRIVATESep 13, 2026•about 4 hours ago

Acquiring Company

Westmont Hospitality Group

Acquired Company

China Evergrande Group

ShenzhenHospitalityLeisureHotelReal EstateReal Estate Investment

Description

Westmont Hospitality Group has agreed to purchase Evergrande’s bankrupt Canadian hotel, Fairmont Le Chateau Montebello. The acquisition follows Evergrande's financial collapse, leading to bankruptcy proceedings. The transaction is set to close on November 15, with approval from Quebec Superior Court. The deal comes after a competitive bidding process that resulted in 30 admissible offers.

Company Information

Company

Westmont Hospitality Group

About

Founded in 1975, Westmont has grown to be one of the largest privately-held hospitality organisations in the world. Since its inception it has operated and held ownership interests in more than 1,000 hotels globally and has a current portfolio of over 500 hotels across North America, Europe, Africa, and Asia. It has alliances with some of the world’s largest hotel brands including Hilton, Marriott, IHG, Hyatt, Fairmont, Four Seasons, LHW, and Choice Hotels. Its portfolio is diversified across 2 to 5-star properties, limited-service to full-service, large conference, aparthotels, boutique hotels, and high-end luxury hotels. For more information, visit www.whg.com.

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Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

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Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

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Frequently asked

Who acquired China Evergrande Group?

China Evergrande Group was acquired by Westmont Hospitality Group. The deal was reported on September 13, 2026. Founded in 1975, Westmont has grown to be one of the largest privately-held hospitality organisations in the world. Westmont Hospitality Group is privately held and operates in Hospitality.

When did Westmont Hospitality Group acquire China Evergrande Group?

Westmont Hospitality Group's acquisition of China Evergrande Group was reported on September 13, 2026. Westmont Hospitality Group has agreed to purchase Evergrande’s bankrupt Canadian hotel, Fairmont Le Chateau Montebello. The acquisition follows Evergrande's financial collapse, leading to bankruptcy proceedings. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does China Evergrande Group do?

China Evergrande Group was once the largest property developer in China by sales. The company faced significant financial distress resulting in one of the largest collapses in the real estate sector. It is privately held, operating in Real Estate, and is based in Shenzhen.

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