Fairmont will inject $100 million into Royal York reno to hold off challenges

The regal Fairmont Royal York to get a facelift.

The Grand Dame of Toronto hotels is about to get a face lift.

Fairmont Hotels and Resorts told a select group of travel industry insiders meeting in Whistler, B.C., this week that it will inject over $100 million into modernizing the iconic Fairmont Royal York Hotel.

Fairmont’s announcement couldn’t have come at a better time. With so many new 5-Star hotels opening in Toronto this year – the recently opened Trump Tower and Ritz-Carlton Toronto will soon be joined by Four Seasons’ brand new property and the much anticipated Shangri-La Hotel on University Ave. – Fairmont had to respond to the challenge to its premier Canadian property.

However, earlier rumours that the massive Royal York – over 1,000 rooms – would see half its rooms converted into luxury condos, was denied by Fairmont officials.

Most of the $100 million reno will be used to increase conference room space on the hotel’s mezzanine level, where the hotel’s corporate offices are currently located. Those offices will be relocated in the basement of the hotel. This is the second major reno of the chateau-style hotel - between 1988 and 1993, Fairmont spent another $100 million to modernize the room at the Royal York.

 
No one does hotel renos better than Fairmont – just look what they accomplished in London with the rebirth of the legendary Savoy and in Shanghai with its complete remake of the Peace Hotel.