Hyatt and Mizrahi Developments Announce Plans for Andaz Toronto – Yorkville

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Mizrahi Developments to build a 160-room luxury Andaz hotel at the prestigious address of One Bloor Street West in Toronto, Ontario, Canada. Slated to open in 2022, the first Andaz hotel in Toronto will be the hotel component of The One, a commercial and residential luxury mixed-use tower that is expected to be the tallest building in Canada, upon completion. The Andaz brand features 18 hotels globally and is designed to attract inspired expressives: well-traveled creative individuals who embrace their own personal style.

 

Situated at the iconic intersection of Yonge and Bloor streets, the new Andaz Toronto – Yorkville will enable guests to go beyond the familiar and provide connectivity to the bustle of downtown with the distinguished vibrancy of midtown’s high-end Yorkville neighborhood. Converging over the city’s two main subway lines, the location marks the eastern gate of Toronto’s upscale commercial strip along Bloor Street, offering unparalleled living, working, shopping, dining and entertaining experiences. The hotel will occupy floors 4 through 16 of the mixed-use tower, offering more than 15 luxury suites, more than 12,000 square feet of event and conference space, food and beverage experiences, a spa, and more. The hotel’s contemporary, beverage-forward culinary concept is currently under development and will be managed by one of Toronto’s leading restaurant groups. More details will be announced in coming months.

“Yonge and Bloor streets are the crossroads to one of the most multi-cultural places in the world,” said Scott Richer, vice president of real estate and development, Canada for Hyatt “Given the confluence of architecture, design and sheer quality that this project represents, we could not have found a more suitable location to bring the immersive and vibrant Andaz brand to Toronto.”

“It is an honor to announce this prestigious and significant project,” said Sam Mizrahi, owner, Mizrahi Developments. “This serves as validation for almost a decade of vision and hard work by the collective team, and it is a true testament to Toronto’s growing importance on the global scene.”

One Bloor West’s more-than 1,000-foot, 85-story exoskeletal design is the collaboration of Pritzker Architecture Prize Laureate Norman Foster and Toronto-based Core Architects. In addition to its striking exterior, this architectural method gives way to column-free space throughout the building, providing for a fluid lobby and public space that will be designed to invoke to invoke a barrier-free and unscripted experience that is signature to the Andaz brand. Complemented by landscaped sidewalks and generous setbacks, the design intention of the project is to balance its density with public spaces that are inviting and open. Toronto’s innovative DesignAgency has been commissioned to design the hotel’s interiors.

Hyatt currently has nine properties open in Canada under the Park Hyatt, Andaz, Hyatt Regency, Hyatt Place, Thompson Hotels and The Unbound Collection by Hyatt brands. Hyatt currently has more than 20 full- and select-service hotels under development under the following brands: Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House.