Toronto Hotel X (was Hotel in the Garden) | ?m | 27s | Exhibition Place | NORR

Photos taken April 5th 2014. South side reaching ground with lower columns going in in north side.
OLHXHcR

http://imgur.com/OLHXHcR

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http://imgur.com/YxrJgDi

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http://imgur.com/oRFbWit
 
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It doesn't say anything on the website other than it's on the Ex grounds. It is running later this year (July 18); it used to be the first week of July.
 
A few shots I took yesterday:

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It’s clear that the design and functional program of this development is not favored by a majority of UT posters. This hotel likely has an over $200 million price tag. Hotels top the risk list of real estate investments. The success of a hotel is inherently uncertain. They have stringent construction financing requirements. Financing is difficult to secure, if at all, and costly when it is available.
Questions: Is the hotel group putting up all the money and is the City of Toronto guaranteeing this success?
 
The developer presented an enticing (and misleading) design in order to get the the proposal approved. It was a brazen bait-and-switch that many people here (on U.T.) were easily seduced by, without considering the broader implications - like the fact that the proposed building will define the urban fabric and the shape of the waterfront for generations. The politics that saw this hotel approved are yet another egregious hit to urban planning in this city. Not only has the potential of the waterfront been severely compromised as a result of this approval, but now we see that we were duped - we allowed it to be compromised for a banal and imposing hotel that can't even rightfully be called architecture.

What happens to this building and the Exhibition Grounds if a 400 room four star hotel operation does not succeed, the developer disappears and a hotel use is determined to be not financially viable?
 
What happens to this building and the Exhibition Grounds if a 400 room four star hotel operation does not succeed, the developer disappears and a hotel use is determined to be not financially viable?

They wheel it over to Ontario Place where it'll await repurposing.
 

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