Allied Hotel Properties (“Allied Hotels”) is principally involved in the ownership of hotels in major Canadian urban centres. The Company was restructured during 1998 to amalgamate the hotel interests of the Allied Holdings Group which has successfully developed and owned commercial and residential real estate since founding the business in 1968. The Allied Group of companies has focused on hotel ownership since 1986.
Since its inception, the Company has owned, developed and managed several hotels in Vancouver, Edmonton, and Toronto. Currently, the Company owns and manages the Toronto Don Valley Hotel & Suites, located in Toronto, Ontario.
Toronto Don Valley Hotel and Suites
Allied Hotels owns 100% of the Toronto Don Valley Hotel and Suites, a 353 room full service hotel located at the intersection of Eglington Avenue and the Don Valley Parkway in the City of Toronto. The hotel contains 16,000 square feet of banquet and convention facilities, several restaurants and indoor/outdoor pools in a resort setting. It is well located in regard to numerous corporate headquarters in the area and is positioned to receive overflow bookings from downtown Toronto. A $8.5 million renovation commenced in November 1998 and was completed in June 1999.
Real Estate Development
Consistent with its business strategy, the Company previously subdivided the hotel lands to permit the development of a condominium tower and seniors’ residence on the site, with the Company being a partner in the development of the condominium tower. The Company entered into a joint venture with a major developer in Toronto, Tridel, to develop a high-rise condominium tower adjacent to the Toronto Don Valley Hotel & Suites. Completed in 2010, the Residences at Accolade comprised a 34-storey tower having 327 residential condominium units. Currently, the Company has applied to the City of Toronto to re-zone the hotel property lands to permit residential uses that would allow for the further development comprising two high-rise residential condominium towers having 671 residential condominium units