Royal York Hotel Sale

Royal York Hotel put up for sale

The Royal York, Toronto's most iconic hotel, is up for sale, as the Caisse de dĂŠpĂ´t et placement du QuĂŠbec continues to unload its hotel properties. Built in 1929 and a fixture on the Toronto skyline throughout the 20th century, it's not yet clear what the asking price is, but you know it will be astronomical given the size and stature of the hotel. Will new ownership usher in changes at the historic property?

One would expect updates to be a priority for a new owner, though management of the hotel will remain in the hands of Fairmont, which the Globe reports has a contract to operate the hotel for decades. That means the red sign that adorns the top of the building will likely stay in place, for those (like me) who care about these sorts of things. Apparently 200 of the 1,363 rooms at the Royal York have been recently renovated. A new owner would have to continue these modernization efforts in order to draw more business in an increasingly competitive hotel market.

Photo by Phil Marion


Join the conversation Load comments

Latest in City

This is how people are helping thousands of feral cats in Toronto

East Point Park is one of the largest natural wonders along Toronto's waterfront

This Toronto man helps people with extreme hoarding clean up their homes

There's a volunteer group in Toronto that will remove fences from yards for free

Toronto woman creates winter survival kits for people experiencing homelessness

Toronto obsessed with black and white squirrel that's more rare than the Bellwoods ones

This creek-side trail is the lesser-known route near the East Don Parkland in Toronto

Downtown Toronto just got a breathtaking new community centre and education campus