Northland Properties has acquired the King Blue Hotel from Greenland Canada. Designed to make a striking impact at Toronto’s famous corner of King St West and Blue Jays Way, this new upscale and contemporary-modern boutique hotel is in the final stages of construction and scheduled to open this fall.
“Northland’s acquisition of the King Blue Hotel is a great addition to our family-owned portfolio of hotels, restaurants, resorts and sports assets. With an existing collection of 60 hotels across five countries, this impressively constructed hotel serves as a landmark expansion at an important address in Toronto’s Entertainment District,” said Tom Gaglardi, CEO of Northland Properties Corporation.
Designed to the highest quality of standards, King Blue Hotel is situated within the seven-story tower of the King Blue Condominium Complex. Paying tribute to downtown Toronto’s deep-rooted history, the hotel’s front-facing exterior encompasses the original six storeys of the Canadian Westinghouse Company Building built in 1927.
“We are pleased to have completed the final stage of this exciting development and wish Northland much success with the hotel.” “It is a special location in such a culturally dynamic city, and the hotel will be a great addition to the Toronto market for both business and leisure guests,” said Henry Cao, general manager of Greenland Group Canada. “Greenland is proud for its first project in Canada to be recognized by a market leader like Northland Properties. We hope to continue to develop and deliver more properties in Canada.”
Serving business as well as leisure travel, King Blue Hotel features 118 beautifully designed luxury guest rooms and suites, an upcoming premium onsite restaurant, meeting and social spaces, and modern fully-equipped recreational facilities. A rooftop terrace offers views along both King Street West and Blue Jays Way.