ST. ANDREWS, N.B. – The New Brunswick government says the Fairmont hotel chain has decided not to renew its contract to manage the historic Algonquin Resort in St. Andrews.
Tourism Minister Trevor Holder said today the contract with Fairmont Raffles Hotels International expires Dec. 31.
Holder says the province will now find a professional real estate firm that specializes in marketing, selling and leasing resorts to look at all options for the Algonquin’s future.
The Tudor-style hotel that opened in 1889 also boasts a golf course.
The province leased the hotel in 1973 and bought it in 1984.
However, the government has suggested during pre-budget talks that selling it could be a way to help tackle the deficit.
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