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Category: Commercial

First Capital board chair retires as REIT faces dissident unitholders

Don Wilcox Commercial Executives National Feb. 8 2023

First Capital REIT (FCR.UN-T), engaged in a battle for control with a group of dissident shareholders, announced two changes to its board of trustees including the retirement of chair Bernard McDonnell, to be succeeded by Paul C. Douglas.

Mach buys, plans to refurbish InterContinental Montreal hotel

Danny Kucharsky Commercial Transactions Greater Montreal Feb. 7 2023

Groupe Mach has invested about $80 million to purchase the 357-room InterContinental Montreal Hotel in Old Montreal, and plans $20 to $25 million to refurbish the property during the next 24 to 30 months.

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