TORONTO’S ‘CHATEAU STYLE’ ROYAL YORK HOTEL IS RENOVATING AND RE-ORGANIZING

  Big changes are coming to the FAIRMONT ROYAL YORK, 100 Front Street West. The fabled hotel, as close as TORONTO gets to NEW YORK’s Waldorf-Astoria, opened in 1929, and is now undergoing a $100-million dollar renovation.  More than 500 rooms are being fully updated, just in time for the 2015 Pan-American Games, the inauguration of a rail link to Pearson International Airport and the completion of Union Station’s massive overhaul.

In a deal announced this week, a fund managed by real estate company KINGSETT is acquiring a 60% interest in the ROYAL YORK worth an estimated $111.9-million, while INNVEST Real Estate Investment Trust will pay $37,5-million for a 20% share.

Renovations are expected to be completed by January, 2015. The ROYAL YORK’s current operator, FAIRMONT, will continue to run the hotel.

One thought on “TORONTO’S ‘CHATEAU STYLE’ ROYAL YORK HOTEL IS RENOVATING AND RE-ORGANIZING

  1. Pingback: New York Subway City Hall Station | zhiqwf.us

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