Group linked to Ciancone family makes major move into Montreal hotel market

Society Developments pays $42 million for Omni Mont‑Royal

This hotel at the corner of Peel and Sherbrooke in downtown Montreal is now owned by a well-known Ontario real estate development family. (CoStar)

CoStar News

February 3, 2026 | 10:22 P.M.

A company controlled by a well‑known Ontario real estate development family now owns the Omni Mont‑Royal hotel.

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