The Farimont Château Laurier has been sold to Capital Hotel Limited Partnership, an affiliate of Larco Investments. Thad Alston, a senior Vice President at Larco Investments, says there will be no visible changes made to the hotel.  The Larco affiliate purchased the hotel because it is " one of the leaders in the market," says Alston.

Alston says Larco will continue to refurbish the 101-year-old hotel over time.

The new ownership is effective November 1, 2013.