Château Dollard declared bankrupt

Cogir to manage property during search for new owner

By Robert Frank

www.thesuburban.com
Cogir Management Corporation is now running Château Dollard while a new owner is sought for the West Island seniors residence, which went bankrupt Jan. 27.
“It was an empty shell,” court-appointed receiver Éric St. Amour of PriceWaterhouse Coopers told The Suburban.
Mr. St. Amour reiterated his reassurance that the measures that PriceWaterhouse Coopers has implemented to protect residents continue to remain firmly in place.
He could not specify how long it will take to find a new owner of Château Dollard. However, he said that regardless of the timeframe, “the tenants will remain properly taken care of.”
Mr. St. Amour noted that the receiver continues to control operations, receipts and disbursements and has exercised its power to hire Cogir to run the facility on a day-to-day basis.
“Cogir is the most reputable manager of senior housing facilities here in Montreal,” he added. “Now that Cogir is on-site, we have a stronger management capacity there than ever.”

Cogir executive vice-president Matthieu Duguay said that his firm aims to obtain provincial government certification for the facility as soon as possible.

The family-owned company already manages 35 seniors residences throughout Quebec “so we have quite a service support network in place,” Mr. Duguay said.
At the time The Suburban went to press, there was no further word about the fate of another insolvent Dollard des Ormeaux eldercare centre: Château Royal.
Both residences were owned by the same numbered holding company and operated by the same Toronto-based property management company: Liberty Assisted Living.
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