Two historic Canadian rail hotels are on the market.
The Hotel Vancouver and Toronto's Royal York -- both managed by Fairmont -- are being sold by the Caisse de dépôt et placement du Québec as the Quebec pension plan downsizes its hotel assets, The Globe and Mail confirmed. The Fairmont Empress in Victoria is also for sale.
The hotels were built along rail lines during Canada's train travel boom -- the Royal York in 1929 and the Hotel Vancouver in 1939. Celebrities and royalty have both frequented the hotels over the years.
No asking prices have been revealed, though the Huffington Post reports the pension plan sold Ottawa's Fairmont Chateau Laurier in 2013 for between $100 million and $150 million.