Date: August 2018
Location: Wonderland Amusement Park, Vaughan, Near Toronto, Ontario, Canada
Name: Hyatt Place and Hyatt House – opening 2020
No. of Keys: 203 in total
Owner/Seller: Cedar Fair Entertainment
Buyer: Hyatt Hotels has signed two agreements with Cedar Fair Entertainment to open a dual-brand hotel featuring a Hyatt Place and Hyatt House on the site of Cedar Fair Entertainment’s Canada’s Wonderland amusement park near Toronto in Vaughan, Ontario.
Construction on the dual-brand hotel is expected to begin in first-half 2019, with an opening planned for late 2020.
Hyatt Hotels and Cedar Fair Entertainment will develop the eight-story hotel on a 16-acre parcel of the park’s land next to Ontario Highway 400.
The property also will be near Toronto Pearson International Airport.
This recent signing is a continuation of Hyatt Hotels’ plans set in June to expand its Hyatt Place and Hyatt House brands in Canada, where it is looking to double its presence in the country by 2020.
Recently the company signed management and franchise agreements to open 12 properties—nine Hyatt Place hotels and three Hyatt House hotels—boosting its current inventory to 21.
Two Hyatt Place hotels are scheduled to open in Calgary, Alberta and Mississauga, Ontario this year, while four Hyatt Place hotels in Ontario, British Columbia, New Brunswick and Manitoba and two Hyatt House hotels in Ontario and Manitoba will open in 2019. Another three Hyatt Place hotels will open in Toronto, Ontario and Vancouver, British Columbia in 2020.
Hyatt Hotels has a total of nine hotels operating in Canada. These include the Andaz Ottawa Byward Market, the Hyatt Regency Toronto and the Park Hyatt Toronto.
Operations at the Park Hyatt are suspended temporarily as the property undergoes renovations, which began in December 2017. The refurbished hotel is slated to reopen in spring 2020 with 220 guestrooms and suites.
The new project also marks the sixth hotel in Cedar Fair’s accommodations portfolio. The company currently owns and operates three hotels at Cedar Point in Sandusky, Ohio, and one at Knott’s Berry Farm in Buena Park, Calif. An additional hotel is under construction at Carowinds in Charlotte, N.C.
THPT Comment: Good for Hyatt’s growth in Canada…and dual, or even triple brand single sites seem to be the order of the day.
First Seen: Hotel Management