MONTREAL — Mont-Tremblant village, part of one of Quebec’s most popular tourist destinations, is going up for sale for roughly $100 million, The Logic has learned.
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Mont-Tremblant village is going up for sale for about $100 million
Chicago-based real estate firm LaSalle Investment Management will put the resort on the market in the next week, sources have told The Logic
The 135,000 square-foot shopping village at the base of the mountain resort last sold in 2018 for $68 million Photo: The Canadian Press/Sean Kilpatrick
MONTREAL — Mont-Tremblant village, part of one of Quebec’s most popular tourist destinations, is going up for sale for roughly $100 million, The Logic has learned.
Chicago-based real estate firm LaSalle Investment Management, which acquired the roughly 135,000 square feet European-style village at the base of the mountain resort in 2018 for $68 million, is putting the village on the market imminently, two sources familiar with the transaction told The Logic.
The shopping centre is separate from Mont-Tremblant ski resort, which is owned by Colorado-based Alterra Mountain Company. Alterra acquired the resort as part of its US$1.5-billion takeover of Intrawest in 2017.
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LaSalle managing directors Sam Barbieri and Kristina Meyer didn’t respond to The Logic’s request for comment on the sale.
The site includes about 75 businesses, including Burton, Roots, Rudsak, Starbucks and Hatley. The village, the commercial centre of the ski town located about 130 kilometres north of Montreal, had a 93 per cent occupation rate in 2023.
Mont-Tremblant is Quebec’s third most popular tourist destination, attracting more than three million visitors a year. The city’s population grew about 13 per cent, to just over 10,900, between 2016 and 2021, according to the most recent available census statistics.
LaSalle put the village on the market in 2023 though didn’t sell, despite expressed interest from Montreal-based real estate developer Brasswater.
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Photo: The Canadian Press/Sean Kilpatrick
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