Quote:
Originally Posted by Draftsman
Fortis Properties bought the hotel from Remai Investments (the original owner/developer) in 2007 for $50 Million. I am surprised to hear they are selling it, but hey, it's probably a lot cheaper for someone to buy & renovate than it is to build a new hotel of this calibre.
Something you might not know...
The hotel was designed so that the office floors (4-11) could be converted to future guest room floors.
Floors 10 & 11 were converted to hotel rooms several years back, increasing the number of guest rooms by 24, for a total of 274.
The elevator core was built with openings on every floor for the 4 main elevators (3 guest & 1 service) but are hidden behind the walls on the office floors until needed.
The office floors have their own 2 dedicated elevators which do not go higher than floor 11.
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My understanding is that Remai built the office portion for the provincial government (who has now mostly or completely left).
Fortis is selling all of their commercial properties across Canada.
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