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In 1999 Hyatt purchased the hotel for $107 million, [6] calculated to be the highest cost per room ever paid in Canada, [7] and renamed it Park Hyatt Toronto. In 2014, Hyatt sold the hotel to Toronto-based Oxford Properties , for $90 million USD, [ 8 ] with an encumbrance that the hotel remain operated as a Hyatt for at least 40 years.
Typical Holiday Inn Express hotels are built from corporate architectural prototypes, and tend to consist of 60–80 rooms, with a mix of suites and standard rooms in North American properties. Because the chain has been undergoing tremendous growth, the majority of Holiday Inn Express hotels are brand new or newly renovated. [13] [14] [15]
An unprecedented number of major hotel projects were completed in central Toronto, including The St. Regis, Hotel X, the Ritz-Carlton, the Delta Toronto Hotel, Living Shangri-La, and a new Four Seasons. Despite this real estate boom, the number of a hotel rooms within the City of Toronto declined from 25,573 (2000) to 25,281 (2015).
The InterContinental Toronto Centre is a hotel located in the downtown core of Toronto, Ontario, Canada. It is part of the Metro Toronto Convention Centre complex on Front Street West in the former Railway Lands. The hotel is managed by InterContinental Hotels. The hotel was constructed by the Canadian National Railway, and opened in 1984 as L ...
Hotel X Toronto is a hotel and sports club complex on the grounds of Exhibition Place in Toronto, Ontario, Canada. The hotel, part of the Library Hotel Collection, is intended to serve visitors attending conventions, meetings, and trade shows booked at the adjacent Enercare Centre and the Beanfield Centre .
The hotel component is run by Shangri-La Hotels and Resorts and has 202 guest rooms and suites. [2] The condominium portion occupies the upper floors of the building and consists of 393 units. [ 3 ] Excavation of the site started in 2008, and work on the parking garage began in early 2009.
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