Groupe Mach has invested about $80 million to purchase the 357-room InterContinental Montreal Hotel in Old Montreal, and plans $20 to $25 million to refurbish the property during the next 24 to 30 months.
Recent court decisions may disrupt the enforceability of contracts (including real estate agreements), and not in a good way. They deal with entire agreement clauses, once considered a complete defence when one party tries to escape their obligations.
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