Following a complete renovation of its 1300 rooms, spectacular ballroom, lobby and concert hall, the Royal York takes its place again as one of TORONTO’s leading hotels. Since opening on June 11th, 1929 as the largest hotel in the British Empire, the Fairmont Royal York has welcomed multiple heads of state, top musicians, movie stars, sport celebrants – and still does.<PHOTO ABOVE – the Concert Hall, by Muhammad/Flickr><PHOTO ABOVE – the Ballroom><The Lobby and its famous clock><POSTER – The Royal York, largest hotel in the British Empire, 1929> For more information on the Royal York, its history and transformation – http://www.thefairmontroyalyork.com
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.