Winnipeg's historic Fort Garry Hotel for sale

A national historic site in Winnipeg could soon be under new ownership.

The elegantFort Garry Hotel is up for sale, according to a brochureposted online last weekby the real estate brokerage and management companyCushman & Wakefield.

The current managing partners, Ida Albo and Richard Bel, along with the Laberge Group out of Quebec City, are selling the 10-storey hotel.

"It's time for a new group to take it to the next level," Albo said.

"We've enjoyed success and the wonderful privilege of enhancing a landmark Winnipeg hotel, but now it's time to hand off to another team."

Curtis Gallagher, the vice-president of hotel investments for Cushman & Wakefield Global Hospitality, told CBC News on Saturday he expects the hotel which has 240 guest rooms, a meeting space, spa and fitness centre to sell for around $40 million.

Though some guest rooms require upgrades, he said, "it'sa beautiful hotel and it's in structurally good condition."

On Broadway and near The Forks National Historic Site, the downtown hotel is in "agreat location and Winnipeg's growing as well, so it's all positive," he said.

National historic site

The Fort Garry Hotel was designed by Montreal architects George A. Ross and David H. MacFarlane, according to the Manitoba Historical Society. It was built between 1911 and 1913 as one of Canada's grand railway hotels, sitting just a block fromUnion Station.

Though it has changed hands several times, it has operated continuously as a hotel since it opened in 1913.

It was designated a national historic site in 1981, and aa Manitoba provincial heritage site in 1990.

Room 202 of the hotel has gained notoriety for allegedly being haunted.