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Volume 12 Week 5

Saturday, March 25


 

Posted March 17

Posted Feb. 16

Posted Feb. 17

polls

Orléans Ward
Bob Monette

Beacon Hill,
Cyrville Ward
Tim Tierney



 

 

 

   

 

(Posted 5:30 p.m., May 3)
Orléans Town Centre develop.m.ent to move forward with hotel

By Fred Sherwin
Orléans Online

Orléans 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.

Forum 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.

The 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.

The original plans called for a 100-room hotel, an office building, retail and commercial space, a seniors home, senior’s condos, mixed residential units and green space.

When 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 office space.

They 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.

Although 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.

According 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.

Although 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 government.

Work 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.

When it's finally built out, the Orleans Town Centre develop.m.ent will represent an investment of more than $225 million.

(This story was made possible thanks to their generous support of our local business partners.)

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Posted Jan. 12



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