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.