On November 2, 2017, Club Med and Groupe le Massif announced a $120 million investment for the purpose of building a 300 room, 4-Trident class facility with a 5-Trident luxury space at Massif de Charlevoix.
According to operating forecasts, the project is expected to create 325 direct and 400 indirect jobs. Construction of the hotel will create nearly 700 jobs. Club Med and Groupe le Massif intend to open this new Village by the end of 2020.
Other partners are joining the project, such as the Government of Quebec, the Government of Canada, Investissement Québec and Daniel Gauthier. Desjardins and the National Bank of Canada have also confirmed their financial support. The project will also receive support from Bell as a major sponsor of Massif de Charlevoix.
The Fasken team that advised Club Med in this transaction consisted of Diane Bertrand, Lise Rochette, Caroline Stephens, Jonathan Raizenne , Gilda Villaran, Paul Cabana, Alain Ranger and Alexis Charpentier.