The Restored Park Hyatt Toronto to Open September 2021
The reimagined hotel will debut with new interiors from Studio Munge, luxury guestrooms, and immersive food and beverage concepts
TORONTO, July 13, 2021 /CNW/ - Park Hyatt Toronto and Oxford Properties ('Oxford') are pleased to announce the highly anticipated re-opening of the fully restored luxury hotel, which promises to offer unparalleled, enriching moments at every turn. Long considered one of Toronto's most iconic addresses, the hotel will offer guests an experience with timeless sophistication rooted in Canadian heritage. Deeply personalized and engaged service will be the cornerstone of the hotel's revival as Park Hyatt Toronto prepares to open its doors once again, in September 2021.
The re-imagined Park Hyatt Toronto will combine luxury, sophistication, and glamour with a distinctive nod to Canadian heritage, art deco, and literature. The hotel collaborated with world-renowned designer Alessandro Munge of Studio Munge, who drew inspiration from Canada's striking seasons and natural landscapes to bring this experience to life. The hotel will offer an elevated home-away-from-home experience with purpose and style through modern materials and soothing color schemes.
"Through the evolution and restoration of Park Hyatt Toronto, exceptional personalized service remains the heart of this remarkable transformation," says Bonnie Strome, General Manager. "We are proud to welcome guests back to the reimagined Park Hyatt Toronto with services from the hotel's illustrious past, while proudly introducing new experiences for its much-anticipated future."
Park Hyatt Toronto is rooted in celebrating the sophistication of the arts. The iconic 17th-floor cocktail bar, familiar to Torontonians and international travelers alike, will be known as the Writers Room, paying homage to the history of literary legends that shared moments in Park Hyatt Toronto. This clever interpretation of a classic cocktail bar reflects the bar's historical significance as a gathering spot for great minds as they take in the unparalleled Toronto skyline views. The hotel will announce a new culinary destination, influenced by the spirit of Toronto's vibrant arts and culture scene, in the coming weeks.
The restoration of Park Hyatt Toronto comes as part of a wider redevelopment of the site into a mixed-use destination by its owner, Oxford Properties. In addition to Park Hyatt Toronto guest suites, the redevelopment has created 65 luxury rental apartments at Two Avenue Road, in the heritage-designated south tower. The south tower has been completely restored and retained, making it one of the largest heritage restoration projects in Canada. The complex will also feature 20,000 square feet of prime retail over two floors in the restored south tower with 100 feet of frontage along each of Bloor Street and Avenue Road.
"We felt a deep sense of obligation to create a destination that not only respects and embraces Park Hyatt Toronto's storied history, but one that also reflects Toronto's emergence as a truly global city," commented Tyler Seaman, Head of Hotels and Multi-Residential, North America, at Oxford Properties. "This project is a celebration of the best of Canada. It's reflected in its design palette, which is influenced by the Group of Seven, the curated art on display, and right down to the materials we used including limestone-flooring from Owen Sound. It will be one of the best hotel experiences in Canada and the finest address in the city to live at."
The hotel will feature a significant permanent art collection highlighting spectacular pieces from renowned Canadian and indigenous artists. Guests will be greeted in the lobby by a large-scale tapestry designed by Canadian artist Shannon Bool, which will set the tone for each guest's enriched and immersive stay. The 219 guest rooms - including 40 luxurious suites - will artfully balance residential comfort with contemporary design. Guestrooms will feature sophisticated décor, overlooking tree-lined Yorkville, with thoughtful touches, including blackout curtains and private in-room bars.
A spa and wellness destination will be welcoming guests and residents, providing an escape from the surge of city energy. The destination will host personalized treatments with a collection of highly curated relaxation services to treat the body and calm the mind.
For more information on Park Hyatt Toronto and for hotel reservations, please visit parkhyatttoronto.com or follow Instagram and Facebook.
About Park Hyatt
Park Hyatt hotels provide discerning, global travelers with an elegant home-away-from-home. Guests of Park Hyatt hotels receive quietly confident and personalized service in an enriching environment. Located in several of the world's premier destinations, each Park Hyatt hotel is custom designed to combine sophistication with understated luxury. Park Hyatt hotels feature well-appointed guestrooms, world-renowned artwork and design, rare and immersive culinary experiences, and signature restaurants featuring award-winning chefs. There are currently 45 Park Hyatt hotels in the following locations: Abu Dhabi, Bangkok, Beaver Creek, Beijing, Buenos Aires, Busan, Canberra, Changbaishan, Carlsbad, Chennai, Chicago, Doha, Dubai, Guangzhou, Hamburg, Hangzhou, Hyderabad, Istanbul, Jeddah, Kyoto, Maldives, Mallorca, Melbourne, Mendoza, Milan, Moscow, New York, Ningbo, Niseko, Paris, Saigon, Sanya, Seoul, Shanghai, Shenzhen, Siem Reap, St. Kitts, Suzhou, Sydney, Tokyo, Toronto (under renovation), Vienna, Washington, D.C., Zanzibar, and Zurich. For more information, please visit parkhyatt.com. @ParkHyatt on Facebook, Twitter, and Instagram, and tag photos with #LuxuryIsPersonal.
About Oxford Properties Group
Oxford Properties Group ("Oxford") is a leading global real estate investor, asset manager and business builder. It builds, buys and grows defined real estate operating business with world-class management teams. Established in 1960, Oxford and its portfolio companies manage approximately C$70 billion of assets across four continents on behalf of their investment partners. Oxford's owned portfolio encompasses office, logistics, retail, multifamily residential, life sciences and hotels; it spans more than 150 million square feet in global gateway cities and high-growth hubs. A thematic investor with a committed source of capital, Oxford invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum. Together with its portfolio companies, Oxford is one of the world's most active developers with over 100 projects currently underway globally across all major asset classes. Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario's municipal employees. For more information on Oxford, visit www.oxfordproperties.com
Forward-Looking Statements
Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the duration of the COVID-19 pandemic and its short and longer-term effects, including the demand for travel, transient and group business, and levels of consumer confidence, and the pace of recovery following the pandemic, any additional resurgence, or COVID-19 variants; the impact of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants, and the impact of actions that governments, businesses, and individuals take in response, on global and regional economies, travel limitations or bans, and economic activity, including the duration and magnitude of its impact on unemployment rates and consumer discretionary spending; the broad distribution of COVID-19 vaccines and wide acceptance by the general population of such vaccines; the ability of third-party owners, franchisees, or hospitality venture partners to successfully navigate the impacts of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and the pace of economic recovery following economic downturns; levels of spending in business and leisure segments as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geo-political conditions, including political or civil unrest or changes in trade policy; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters such as earthquakes, tsunamis, tornadoes, hurricanes, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, such as the COVID-19 pandemic, or fear of such outbreaks; our ability to successfully achieve certain levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party property owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and the introduction of new brand concepts; the timing of acquisitions and dispositions, and our ability to successfully integrate completed acquisitions with existing operations; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to successfully execute on our strategy to expand our management and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; declines in the value of our real estate assets; unforeseen terminations of our management or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates and operating costs; foreign exchange rate fluctuations or currency restructurings; lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, including as a result of the COVID-19 pandemic, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; violations of regulations or laws related to our franchising business; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission ("SEC"), including our annual report on Form 10-K and our Quarterly Reports on Form 10-Q, which filings are available from the SEC. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
SOURCE Park Hyatt Toronto
Media Contact: Taylor Clifton, Pomp & Circumstance PR, 647-588-3381, [email protected]
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