In his latest acquisition the 69-year-old Icahn is putting into play such Canadian landmarks as the Banff Springs hotel and Chateau Lake Louise, because he sees the luxury hotel firm as undervalued.

FORBES: Billionaire Icahn Buys Into Canadian Hotel Firm

It's a small settlement, with a few posh accommodations, including the famous Fairmont Chateau Lake Louise and the Post Hotel and Spa.

WSJ: Smooth Skiing at Canada's Rocky Mountains

Opened in 1890, just two years after the Banff Springs Hotel and just 50km to the northwest, Chateau Lake Louise occupies an equally scenic spot.

BBC: Canada��s spectacular ��Castles of the North��

Opened in 1890, just two years after the Banff Springs Hotel and just 50km to the southeast, Chateau Lake Louise occupies an equally scenic spot.

BBC: Canada��s spectacular ��Castles of the North��