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New restaurants and hotels proposed for Niagara-on-the-Lake

Posted by Greg Chew on Jul 5, 2016 11:59:38 AM

proposed hotel complex niagara on the lake

A proposal submitted to the town of Niagara-on-the-Lake in June, envisions two six-storey hotels and five restaurants developed on vacant lands adjacent to the Hilton Garden Inn in Niagara-on-the-Lake.

This large complex if approved, will be situated at the corner of York Road and Glendale Avenue straddling the Counsell Street cul de sac.

Details on Niagara-on-the-Lake’s proposed hotel complex

While the developer of the hotels proposed for Niagara-on-the-Lake has not been publicly announced, the architects of Quartek Group in St. Catharines are handling the planning and design. There are areas of the design that require approval based on town planning parameters this includes the height of the towered hotels, the addition of a drive-through restaurant and the amount of acceptable parking spaces.

The six-storey hotel towers will be connected through a one storey common room and the restaurants in their majority will be sit-down dining. Currently in the area, there are a number of drive-through offerings and sit down options in White Oaks Resorts' two restaurant offerings.

Recent hotel transactions in Niagara-on-the-Lake

The 118 room, Hilton Garden Inn Niagara-on-the-Lake changed hands at the sale price of $14.98 million in August of 2015. The hotels property highlights include proximity to the QEW, wineries, golf courses and the newly built Niagara Outlet Collection. The hotel directly competes with the 220 room White Oaks Resort, though offers a budget alternative.  

The Charles Inn was sold in June of 2015, the 12 room Old Towne situated Inn sold for $3.4 million.

The Canadian and Niagara Hotel Market

The Canadian hotel real estate market has been in an upward trajectory for the past number of years with total transaction volume hitting $9 billion in 2015. Recent currency trends have positioned international hoteliers in a favourable position for hotel investment in Canada. While many are looking to popular destinations like Toronto, the growing strength of the Niagara tourism market is certainly on their radar.  A sign of this, is not only in the recent transactions in Niagara Falls, but the growing value, +9.0% over 2015, of the area's hotels.

Concerns were raised at the council meeting about the viability of increased competition in the hotel market during winter months. However, this part of Niagara-on-the-Lake continues to expand rapidly in offerings and tourism appeal. In recent years it has seen the expansion of Niagara College, the development of the Outlet Collection at Niagara, as well as, the addition of two residential developments. It represents the entrance to Niagara wine country and offers close proximity to Niagara Falls. The proposal is expected to have formal consideration during Septembers planning meeting. 

Click here to view current hospitality real estate opportunities in Niagara.

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Topics: Niagara, hotel investment

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