Fairmont Le Chateau Montebello, which has hosted luminaries including Grace Kelly and Margaret Thatcher, will be put up for sale by PricewaterhouseCoopers LLP, the court-appointed receiver, according to documents filed this week on the accounting firm's website.
Evergrande's collapse was by far the biggest in a crisis that dragged down China’s economic growth for years and led to a record spate of distress among builders. The company, which first defaulted in 2021, was once the country’s largest developer by sales.
The firm’s insolvent subsidiary, Millennium Golden Jiachen Hotel Holdings Ltd., owes C$58 million ($41 million) to creditors, including C$11 million to an affiliate of Desjardins Group. The Canadian lender filed a motion to put the hotel up for sale, according to court documen

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