TORONTO — It’s been a bittersweet week in Toronto with the iconic Four Seasons hotel in Yorkville closing to prepare to open in a new location this summer, and now news that The Sutton Place Hotel has been sold and will close June 15.

“Naturally this is sad news as it marks the end of decades of some of the finest hospitality offered in Toronto. The hotel has seen many twists and turns over the years,” said Nick Vesely, GM of the hotel.

According to the Toronto Star, hotel staff and tenants who live above the hotel have been trying to stop the sale of the 45-year-old landmark to Lanterra Developments, which reportedly plans to build condos on the land.

Vesely has announced rates starting from $126 until the hotel’s closure.

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