Millennium Golden Jiachen Hotel Holdings Ltd. and 4345118 Canada Inc.
Follow- Proceeding
- Receivership (court-appointed)Art. 243 et seq. of the Bankruptcy and Insolvency Act
- File
- 550-11-019340-257
Millennium Golden Jiachen Hotel Holdings Ltd. and 4345118 Canada Inc. have been under court-appointed receivership in the Superior Court of Québec since November 3, 2025, when the Receiver took possession of property with a combined book value of $47,597,891. La Caisse Desjardins de Brossard, senior secured lender and interim lender under approved interim financing of $6,380,000, was owed $17,913,636.48 as at July 15, 2026 across three term loans and the interim credit line; the Receiver has asked the Court to authorize distribution of Net Proceeds to Desjardins in full repayment. The Receiver selected Westmont's bid, which assumes the Hotel Management Agreement. A claims process was approved on July 24, 2026, with a bar date of September 23, 2026. China Evergrande Group and ANJI (BVI) Limited, whose aggregate unsecured advances are approximately CAD $47 million, hold more than 99% of the unsecured claims.
Court approved the transaction and the vesting of the purchased assets in MB Resort GP Ltd., as general partner of MB Resort LP, under a July 16, 2026 purchase agreement, vesting to occur on issuance and delivery of the Receiver's Certificate.
Further claims-process relief granted the same day as the vesting order, governing the filing and determination of creditor claims against the two debtors ahead of the September 23, 2026 bar date.
Source: Claims Process Order
Court approved a claims process for the two debtors, fixing September 23, 2026 as the bar date for creditors to file claims.
Amended and restated order appointing a receiver, sale and investment solicitation process and interim financing order — Amended and restated initial order
First Report of the Receiver: the hotel operating as a going concern under Fairmont, with liquidity pressure from Moneris' withholding of credit-card deposits and deferred capital expenditures, and the SISP underway through listing broker Colliers International (Quebec) Inc.
Source: First Report of the Receiver
Application for the issuance of an amended order appointing a receiver, a sale and investment solicitation process order and an interim financing order — Application / notice of application
On Caisse Desjardins de Brossard's application under section 243 of the BIA, PricewaterhouseCoopers Inc. was appointed receiver and took possession of property with a book value of $47,597,891.
Source: Order appointing a Receiver
Millennium Golden Jiachen Hotel Holdings Ltd. and 4345118 Canada Inc. — Receivership filed, Québec.
Outcome brief
Château Montebello: the bid that kept Fairmont beat a higher price
PwC's three-round sale of the Evergrande-controlled Fairmont Le Château Montebello ended with Westmont's all-cash bid, which was not the highest in the final round but assumed Fairmont's management agreement; on September 10, 2026 Justice Martin Castonguay vested the resort in Westmont's assignee, MB Resort GP Ltd., with the price under seal and Desjardins, owed $17,913,636.48 at July 15, to be repaid from the proceeds without further order.
Debtor
Millennium Golden Jiachen Hotel Holdings Ltd. and 4345118 Canada Inc.
Applicant
Caisse Desjardins de Brossard
Receiver
PwC
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Caisse Desjardins de BrossardSecured creditor per Receiver's Appendix 1 (security type not specified) — debtor: Millennium Golden Jiachen Hotel Holdings Ltd. and/or 4345118 Canada Inc. | $10.8M | Notice and Statement of the Receiver |
| 5 | PMSI / lessors | PPSA equipment financiers (PMSI class) · in 183 casesLease financing (equipment) — Aggregates VW Credit Canada Inc., Credit-Bail RCAP Inc., Care Lending Group Inc., CWB Maxium Financial Inc., and CWB National Leasing Inc., each individually listed at a nominal $1 in the Receiver's Appendix 1; likely nominal/placeholder figures rather than actual outstanding balances. — debtor: Millennium Golden Jiachen Hotel Holdings Ltd. and/or 4345118 Canada Inc. | $5 | Notice and Statement of the Receiver |
| 8 | Unsecured | Loans payable to ultimate parent companyRelated party (ultimate parent company) loan classified as unsecured. — debtor: Millennium Golden Jiachen Hotel Holdings Ltd. and/or 4345118 Canada Inc. | $48M | Notice and Statement of the Receiver |
| 8 | Unsecured | Salaries and wages payablePer Appendix note, liabilities related to operations are settled in normal course of business and no notice will be sent to these creditors. — debtor: Millennium Golden Jiachen Hotel Holdings Ltd. and/or 4345118 Canada Inc. | $2.28M | Notice and Statement of the Receiver |
| 8 | Unsecured | Customers deposits and othersPer Appendix note, liabilities related to operations are settled in normal course of business and no notice will be sent to these creditors. — debtor: Millennium Golden Jiachen Hotel Holdings Ltd. and/or 4345118 Canada Inc. | $1.54M | Notice and Statement of the Receiver |
| 8 | Unsecured | Trade accounts payable and accrued payablePer Appendix note, liabilities related to operations are settled in normal course of business and no notice will be sent to these creditors. — debtor: Millennium Golden Jiachen Hotel Holdings Ltd. and/or 4345118 Canada Inc. | $1.32M | Notice and Statement of the Receiver |
2 transactions · 2 approved — La Cour approuve la Transaction et la dévolution des Actifs achetés à l'AcheteurApproval and Vesting Order (in French only) · 10 Sep 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Westmont International Development Inc.the Purchased Assets · asset sale | not stated | Approved | Second Report of the Receiver |
| MB RESORT GP LTD.les Actifs achetés · asset sale · agreement 16 Jul 2026 | SealedLe prix alloué aux Terrains patrimoniaux désignés (2 000 000 $) est mentionné distinctement; le Prix d'achat global n'est pas indiqué dans le texte. | Approved10 Sep 2026outside 30 Sep 2026 | Approval and Vesting Order (in French only) |
As at 3 Nov 2025 · per Book value · Combined - Millennium Golden Jiachen Hotel Holdings Ltd. and 4345118 Canada Inc. (property taken possession of by Receiver) — Asset table lists book values of property taken into possession/control by the Receiver on November 3, 2025; no corresponding total liabilities figure is presented alongside this asset table.
| Date | Document | File |
|---|---|---|
| Claims Package | ||
| Creditors List | ||
Approval and Vesting Order (in French only)
| ||
Claims Process Order
| ||
Application for the Issuance of an Approval and Vesting Order, for Approval of an Interim Distribution and for a Claims Process Order
| ||
Second Report of the Receiver
| ||
| Notice to Phase 2 Qualified Bidders | ||
Notice of extension of SISP procedures deadlines
| ||
| Amended and restated order appointing a receiver, sale and investment solicitation process and interim financing order | ||
| Application for the issuance of an amended order appointing a receiver, a sale and investment solicitation process order and an interim financing order | ||
First Report of the Receiver
| ||
Notice and Statement of the Receiver
| ||
Order appointing a Receiver
| ||
Application for the appointment of a Receiver
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Millennium Golden Jiachen Hotel Holdings Ltd. and 4345118 Canada Inc.” (Receivership (court-appointed)), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/millennium-golden-jiachen-hotel-holdings-ltd-and-4345118-canada-inc