5:30 p.m., May 3)
Town Centre develop.m.ent to move forward with hotel
By Fred Sherwin
will soon be getting a second hotel as part of the second
phase of the Orléans Town Centre develop.m.ent which includes
the Shenkman Arts Centre and two proposed office towers
totalling 160,000 sq. ft.
Equity Partners Inc. made the announcement last week in
a sign that the group is ready to move forward with the
develop.m.ent which has been in limbo for the past three
years due to the ongoing recession.
private public partnership between the City of Ottawa
and Forum Equity was first entered into in 2007. The first
stage of the develop.m.ent was the construction of the Shenkman
Arts Centre which opened in June 2009.
original plans called for a 100-room hotel, an office
building, retail and commercial space, a seniors home,
seniors condos, mixed residential units and green
the global recession hit in the later stages of 2008,
it became difficult for Forum Equity to find a willing
partner to build the hotel and clients looking for new
now have a partner in Sandhu Hotels and Hospitality which
owns several Holiday Inn Express Hotels, and they are
now marketing space in the two office towers.
Orléans already has a hotel in the newly-opened 63-room
Quality Inn located less than five minutes away from the
Shenkman Arts Centre, the owner of Sandhu Hotels and Hospitality,
Bobby Sandhu, says there is room for another.
to Sandhu, the Holiday Inn Express Hotel will offer a
slightly more upscale environment than the Quality Inn
which will attract a different client base. The standard
room rate at the Quality Inn is $129 a night, while the
standard room rate at the Holiday Inn Express Hotel near
the airport is $145 a night.
the City must still approve the final work permit, Mr.
Sandhu is confident the hotel will be open by next spring.
In the meantime, Forum Equity will be aggressively marketing
office space to prospective tenants including the federal
will also soon begin on Hill Side Terrace, a collection
of 53 townhomes and 32 condos to be built near the existing
condos to the east of Centrum Blvd.
it's finally built out, the Orleans Town Centre develop.m.ent
will represent an investment of more than $225 million.
story was made possible thanks to their generous support
of our local business
www.orleansonline.ca's main page