TORONTO — Riu Hotels & Resorts is wrapping-up the design phase of a $100-million project that will see a new hotel in its Riu Plaza urban line open in Toronto. The project will represent the Spanish company’s first hotel in Canada.
Expected to be completed in 2021 in a mixed-use tower block in Toronto’s financial district, the hotel will feature 350-rooms, meeting space, a gym, bar and restaurant. The upper floors of the building will be used for residential units.
“Opening of the first hotel in Toronto is a big step forward in our commitment to expanding the Riu Plaza hotel line in the world’s key cities, establishing the Riu brand beyond more traditional vacation destinations,” says Luis Riu, CEO of Riu Hotels & Resorts. “We hope this hotel attracts Riu customers around the world to discover the city of Toronto with us and also hope the loyal customers we have in Canada decide to discover our urban product. This project means a new drive to raise awareness of our brand within and beyond the country.”
The Toronto expansion plan is just the first of many urban-line hotels planned over the next several years. Riu currently has six Riu Plaza hotels worldwide, as well as three under construction: Riu Plaza España, Riu Plaza London and a second property in New York.
The first city hotel opened its doors in Panama in 2010 and has since been joined by the Riu Plaza Guadalajara hotel in Mexico; Riu Plaza Miami Beach; Riu Plaza New York Times Square in the U.S., Riu Plaza Berlin in Germany; and, Riu Plaza The Gresham Dublin in Ireland.