According to a Deed, the people of Canada are supposed to own the hotel for 99 years, from 1923 until 2022.
Canadian National Railways (France)
" A wholly-owned subsidiary of Canadian National Railways company, Incorporated on December 29, 1923. Head Office - Paris, France. de la Rue Scribe.
History: On December 29, 1923 'Society Immobiliere de la Rue Scribe' was incorporated under the laws of France, according to Deed, under private signature and constituted for a period of 99 years to own and operate the Hotel Scribe property, which had been acquired by the Canadian National Railway, also to own and operate a traffic agency."
The landmark was privatized in 1995 when the CNR was sold to foreign investors.
The railway booking office:
A promotional ad from 1988. |
George Perry Graham (Minister of Railways and Canals)
Hon. Mr. Graham:
"There was paid for the hotel property 28,000,000 francs or approximately $2,000,000 dollars. The sum of $2,733,693 included the cost of the property, taxes, imposts, removal of tenants, etc."
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