Ritz-Carlton to undergo complete transformation including addition of luxury residences

    Investment of more than $100 million in Montreal - "We intend to make the
    "Grande Dame" of Sherbrooke Street the most prestigious hotel in Montreal
    and Canada."

    MONTREAL, Sept. 18 /CNW Telbec/ - With an investment of more than
$100 million, the Ritz-Carlton Montreal will soon undergo a complete
transformation aimed at restoring it to its place among North America's grand
hotels. The central feature of this project is the total renovation of the
hotel to meet the highest worldwide standards for luxury and comfort. The
existing building will also be expanded, with the addition of luxury
residences to this architectural treasure.
    "We intend to make the "Grande Dame" of Sherbrooke Street the most
prestigious hotel in Montreal and Canada. The goal of this major redevelopment
project is to showcase this Montreal heritage icon and ensure its continued
existence while adding a new architectural dimension that will enable it to
meet the highest international standards for hotels and luxury residences,"
said Solly S. Lawi, chairman of the board of the Ritz-Carlton Montreal.
    Once the transformation, developed by the Montreal architectural firm
Provencher Roy + associés, has been completed, the hotel, which currently has
229 rooms and suites, will have 130 rooms and suites, 35 condo-residences and
15 condo-suites. Work is scheduled to begin in the winter of 2008 and is
expected to take about 15 months.

    Bold yet respectful

    "Preserving and highlighting the hotel's heritage and architectural
elements was our priority throughout the development of this project,"
explained Andrew Torriani, general manager of the Ritz-Carlton Montreal. "We
wanted to conserve the essence of the Ritz, which Montrealers have known and
loved for close to a century, while bringing its offering in line with current
worldwide standards for luxury hotels."
    The building's facade will be totally preserved, as will the Lobby, the
Palm Court, the Oval Room and, of course, the garden. The rooms will be
renovated and redecorated to meet ever-rising standards of luxury and comfort.
    The new residential wing will include construction of an elegant glass
and stainless steel structure on the west facade and on the roof, which will
discreetly enhance the unique character of the original building.
    "We have opted for a boldly contemporary treatment to distinguish the new
wing from the existing building, while maintaining a harmonious dialogue
between the two. This choice is in keeping with the principles of the
International Charter for the Conservation and Restoration of Monuments and
Sites (Venice Charter) as well as the recommendations of the heritage study of
the Ritz-Carlton Montreal, supervised by Jean-Claude Marsan," said the
project's architect, Claude Provencher.

    History coupled with the services of a grand hotel

    Following the conversion of part of the existing building and the
addition of modern, airy spaces with an abundance of windows, the new
residences will boast the charms of a historic building combined with the
comfort of contemporary design, in the heart of Montreal's Golden Square Mile.
    "The residences will represent the pinnacle of residential luxury in
Montreal. Their residents will live in one of the city's architectural and
historical treasures, while being able to benefit from the services of a
luxury hotel," said Mr. Lawi.
    "By attracting prestigious clients from both home and abroad, these
residences will further raise the Ritz-Carlton's and Montreal's profile as
leading destinations," said Mr. Torriani.

    About the Ritz-Carlton Montreal

    Inaugurated in 1912, the Ritz-Carlton Montreal is located at the heart of
the Golden Square Mile, the neighbourhood that was home to Montreal's early
20th century business elite. A symbol of refinement and elegance, the hotel
has welcomed some of the world's most notable heads of state, artists and
business people. Many leading figures of the 20th century have stayed at the
Ritz-Carlton, including Queen Elizabeth, Winston Churchill, Charles de Gaulle,
Richard Nixon, Pierre Elliott Trudeau, Brian Mulroney, George Bush Sr., The
Rolling Stones and Celine Dion, as well as Elizabeth Taylor and Richard
Burton, who celebrated their first marriage at the hotel.
    Since 2007, the Ritz-Carlton Montreal has been owned by a consortium
comprising Mirelis Financial Group, Torriani Group and Rolaco Group. It is
managed by Torriani Luxury Hotel Management Canada, a subsidiary of Monaco
Luxury Hotels and Resorts. Following its transformation, the Ritz-Carlton
Montreal will have 130 rooms and suites, 35 condo-residences and
15 condo-suites.

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For further information:

For further information: Sylvie Robitaille, (514) 843-2355, Cell: (514)
220-4979; Source: Ritz-Carlton Montreal

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